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How N60k Minimum Wage Offered By FG Is Worth Less Than N30k Wage In 2019

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In December 2019, it was widely reported that the Nigerian government had approved a minimum wage of N30,000.

This followed negotiations between the Nigerian government and labour unions.

About five years down the line, there is a dispute between organised labour and the federal government.

While there has been a back and forth on the need to have a new minimum wage, given the economic realities of the country, the exact amount to be pegged as the new minimum wage has been a subject of disagreement between workers in the private, public sector on the one hand and the Nigerian government and private sector decision-makers on the other hand.

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As of the time of filing this report, the Nigerian government’s proposal of N60,000 minimum wage was on the table, but it has been rejected by labour unions.

As a sign of discontent, the workers in the country have downed tools. The Nigeria Labour Congress President, Joe Ajaero and Trade Union Congress President, Festus Osifo, accused the government of being unserious with the negotiations, “leaving the labour with no choice but to initiate industrial action”.

Power and aviation are some of the sectors that have been grounded.

In this report, SaharaReporters delves into this disagreement, examining the proposed N60,000 minimum wage and the current N30,000 minimum wage. The report looks at what can N60,000 buy in current-day Nigeria and what could N30,000 do as of 2019 when it was approved as the new minimum wage.

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Between December 2019, when the new minimum wage was widely reported and April 2024, the prices of basic food items have increased by well over 200%, increasing by over 500% in some cases.

As of December 2019, 1kg of garri cost N159, however, it had jumped to N851 as of April 2024.

A kilogramme of rice sold for N459 in December 2019, but the same quantity sold for a national average of N1,399 in April 2024, based on data from the National Bureau of Statistics.

Other items such as tomatoes, beans and chicken have witnessed significant hikes in prices.

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N30,000 Minimum Wage In 2019 Worth More N60,000 Minimum Wage Proposed In 2024

Based on data from the National Bureau of Statistics, foodwise, N60,000 is currently worth less compared to the N30,000 approved minimum wage of N2019.

Data analysis shows that in December 2019, N30,000 could purchase 188kg of garri but N60,000 as of April 2024, could only purchase 70kg of garri.

N30,000 as of 2019 could purchase 65kg of rice but N60,000 in April 2024, would only purchase 42kg of rice.

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N30,000 in 2019 would buy 100kg of beans, however, N60,000 in April 2024 could only buy 43kg of beans. The proposed N60,000 is only worth 12 kg of chicken while N30,000 was worth N42kg of chicken as of 2019, based on data published by the National Bureau of Statistics.

Nigeria is a highly import-dependent country, usually affected largely by the impact of the dollar to naira rate, especially as the dollar is a globally accepted trading currency.

The exchange rate of dollar to naira as of December 2019 was N359, meaning that N30,000 minimum wage was worth $83, per official exchange published by the CBN.

But as of May 31, 2024, the dollar stood at N1,482 to naira, meaning that N60,000 is worth $40.

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N30,000 Can Cover More Road Trips Than Newly Proposed N60,000 Minimum Wage

SaharaReporters review shows that the average cost for road trips in December 2019, stood at N198, meaning that N30,000 couldcover 151 road trips, based on data on the cost of road transport provided by the National Bureau of Statistics.

As of April 2024, the average cost of a road trip stood at N967, meaning that N60,000 could cover only 62 road trips at the time.

N30,000 In 2019 Would Buy More Litres Of Fuel Than N60,000 Today

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Petroleum is a major item in the Nigerian economy. Many rely on it for electricity, given the poor state of power supply in the country. Others rely on it for transportation.

Petrol is a major lifeline, but it cost more in April 2024, than it did in December 2019.

N30,000 could purchase 206 litres of fuel at N145 per litre in 2019, while the currently proposed N60,000 can only buy 85 litres of fuel.

The ongoing strike action embarked upon by organised labour on Monday has paralysed activities in the country amid sprawling inflation and hunger being experienced by citizens. The Nigerian government has defended its proposal of N60,000, but the Nigerian labour has waved off the argument, calling it “unserious”.

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Army acquires 43 drones, wings 46 Turkey-trained personnel

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The Federal Government has bolstered the Nigerian Army’s operational capacity with the acquisition of 43 Bayraktar TB2 drones, primarily for deployment in the North-West theatre of operations.

The Commander of the Nigerian Army Space Command, Brig. Gen. U.G. Ogeleka, disclosed this on Tuesday during the winging ceremony of 46 personnel trained in the operation and maintenance of the drones.

The initiative, codenamed Project Guardian, aims to strengthen military operations against insurgency and other security challenges in the region.

“Between May and September 2022, a team of 35 officers and 11 soldiers from the Nigerian Army’s routinely piloted aircraft system regiments underwent specialised training in Turkey on the operation and maintenance of the Bayraktar TB2 drones,” Ogeleka said. “The training crew included multi-piloted aircraft pilots, mission operators, avionics, and mechanical engineers and technicians.”

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Out of the 46 trained personnel, 14 are multi-piloted aircraft pilots, seven are mission operators, and 23 are engineers and technicians.

Ogeleka presented 22 of the trained personnel for the winging ceremony, noting that the others are actively engaged in operational duties.

The Chief of Army Staff, Lt. Gen. Olufemi Oluyede, praised the acquisition of the drones and the training of personnel as significant steps toward enhancing the army’s professionalism and combat readiness.

“The winging of these 22 officers and soldiers as pilots and certified maintenance engineers is a morale booster for others in service,” Oluyede said. “It confirms their readiness to operate and maintain the Turkish Bayraktar TB2 drones in our inventory.”

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Oluyede further revealed plans to procure additional unmanned aerial systems in the coming year to strengthen military operations across all theatres in the country.

The drones will play a critical role in addressing security challenges in the North-West, a region plagued by banditry and insurgency.

Their advanced surveillance and strike capabilities are expected to significantly enhance the Nigerian Army’s operational effectiveness.

This development underscores the government’s commitment to leveraging technology to improve national security and highlights the Nigerian Army’s drive to modernize its arsenal and build capacity within its ranks.

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With more unmanned aerial systems set for acquisition, the military’s ability to conduct precise, real-time surveillance and combat operations is poised for substantial improvement.

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Ondo Assembly mulls 10-year jail term for land grabbers

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The Ondo State House of Assembly is considering a bill that proposes harsh penalties for land grabbers, including up to 10 years imprisonment for forceful entry or illegal takeover of properties.

Governor Lucky Aiyedatiwa has further reinforced the fight against land grabbing by signing an Executive Order to prohibit such activities.

The order aims to end forceful entry, illegal occupation of landed properties, and fraudulent or violent conduct related to land in the state.

To strengthen enforcement, the governor has established a Task Force to protect property rights, uphold the rule of law, and ensure a secure environment for property owners and residents.

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The proposed bill also includes severe penalties of up to 21 years imprisonment for selling family land without the consent of the family head or secretary.

Hon Moyinolorun Ogunwumiju, the lawmaker representing Ondo West Constituency 1, who sponsored the bill, spoke during a public hearing on the bill

Hon Ogunwumiju assured stakeholders that the bill would improve land administration, protect landowners, attract investors, and foster peace and development in the state.

He explained that the bill sought to regulate land dealings, protect landowners and buyers, penalise encroachers, and criminalise unregistered agents.

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Ogunwumiju said the bill proposed penalties of up to 10 years’ imprisonment for forceful entry or takeover of properties and up to 21 years for selling family land without the consent of the family head or secretary.

Speaker of the Assembly, Hon Olamide Oladiji, urged committee members and stakeholders to ensure the bill served the interests of the people.

He said the bill would maintain order in the state and impose necessary sanctions on offenders.

“Land grabbers pose a significant threat to property acquisition. Their activities ranging from trespassing, forceful occupation, and illegal sales of properties to multiple buyers must be confronted decisively.”

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Majority Leader and Chairman of the House Committee on Rules and Business, Oluwole Ogunmolasuyi,  said the bill, would benefit the society at large

Ondo Commissioner for Justice and Attorney General, Kayode Ajulo said the bill would enhance land administration and complement the executive order signed by Governor Aiyedatiwa.

Stakeholders including traditional rulers  called for full implementation of the bill when signed into law.

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FG earmarks N250bn for Lagos-Abuja rail project in 2025 budget

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The federal government has made an allocation of N250 billion in the 2025 budget for the Lagos–Abuja mass transit rail project.

This budgetary investment is part of a broader plan to revitalize Nigeria’s infrastructure and stimulate economic growth.

The government’s focus on infrastructure development is rooted in the belief that it is a cornerstone of long-term economic planning.

By investing in critical infrastructure such as roads, railways, energy, healthcare, and education, the administration aims to create a conducive environment for both domestic and foreign investment.

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The Lagos-Abuja rail project, in particular, is expected to have a transformative impact on the Nigerian economy.

By improving transportation connectivity between two major economic hubs, the project will facilitate the movement of goods and people, reduce logistics costs, and stimulate economic activity.

Additionally, the project is expected to create numerous jobs, both directly and indirectly, contributing to the country’s overall employment rate.

The government’s infrastructure investments are also aimed at addressing regional disparities.

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By connecting different parts of the country through improved transportation networks, the administration hopes to stimulate economic growth in underserved regions, reduce poverty, and promote equitable development.

The 2025 budget signals the government’s commitment to transforming Nigeria’s infrastructure landscape.

By investing in critical projects like the Lagos-Abuja rail line, the administration aims to lay the foundation for a more prosperous and connected Nigeria.

However, the success of these initiatives will depend on effective planning, efficient implementation, and transparent governance.

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