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Presidency denies N105,000 pay as Labour awaits Tinubu’s offer

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The Presidency on Thursday denied reports that the Federal Government was proposing N105,000 as the new minimum wage.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false.

The report followed the presentation of the cost implications of implementing a new national minimum wage to President Bola Tinubu at the Presidential Villa on Thursday.

The Minister of Finance, Wale Edun, submitted the template to the President alongside the Minister of Budget and National Planning, Atiku Bagudu.

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Edun confirmed submitting the template to the President and reassured that ‘there is no cause for alarm’ when questioned about the figure.

Tinubu was said to be currently reviewing the proposal, and an official announcement is expected soon.

However, the development triggered speculations that the finance minister proposed N105,000 in the new minimum wage template.

Onanuga punctured the claim in a post on his X account.

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The presidential aide wrote, “The Honourable Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has not proposed N105,000 minimum wage. The contrary story being disseminated is false.”

Meanwhile, the meeting of the Tripartite Committee on National Minimum Wage was again adjourned till Friday (today) due to the unavailability of the cost template on the new minimum wage.

This was the second time in 24 hours that the committee session had been postponed.

On Wednesday, the Federal Government and Organised Labour adjourned the minimum wage talks till Thursday in anticipation of the template.

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On Tuesday, Tinubu directed the finance minister to present the cost implications for a new minimum wage within two days.

The President gave the order at a meeting with the government negotiation team led by the Secretary to the Government of the Federation, George Akume, at the presidential villa in Abuja.

Though the finance minister submitted the template to the President earlier on Thursday, the proposal was not presented to the Federal Government and Labour representatives, who met for over two hours and adjourned their session until today.

Senior labour movement members told The PUNCH on Thursday that the committee meeting did not record any meaningful progress because the president’s offer was not presented to the parties.

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A member of the committee who is also a leader of the Nigeria Labour Congress said though the union was aware that a proposal had been submitted to the President, it was becoming jittery as its ultimatum expires on Monday.

Speaking anonymously because the committee deliberation was confidential, the labour leader stated, “We have adjourned. Nothing has been presented. We were hearing rumours that something had been given to the President.

“We are getting jittery now because we have only one week, which expires on Monday. We are getting jittery, but this country is in distress. Looking at the economic situation now, it is a problem. Let us see what they bring up tomorrow (today) by 4:00 pm.”

Following the slow pace of talks on the new minimum wage and the government’s failure to reverse the electricity tariff hike, Labour embarked on an indefinite strike on Monday, grounding economic activities nationwide.

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Banks, airports, public schools and courts were shut, forcing the Federal Government to convene an emergency meeting to find a way out of the impasse.

In a bid to move the negotiation forward, the unions announced Tuesday the suspension of industrial action for five days after the President agreed to pay a national minimum wage higher than N60,000. The tripartite committee pledged its readiness to convene daily until a new minimum wage is announced.

The suspension of the strike followed a six-hour meeting between the labour leadership and the National Assembly in Abuja on Monday night.

To fast-track the negotiation, the President on Tuesday directed the finance minister to present the cost implications for a new minimum wage within two days.

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Tinubu also directed the government representatives to work collectively with the organised private sector and the sub-nationals to achieve a new affordable wage award for Nigerians.

The Minister of Information and National Orientation, Mohammed Idris, announced the development at a press conference in Abuja.

Idris assured of the president’s readiness to accept the committee’s resolutions, adding, “The president is determined to go with what the committee has said, and he’s also looking at the welfare of Nigerians.’’

Furthermore, he said the President directed the government representatives to work collectively with the organised private sector and the sub-nationals to achieve a new affordable wage award for Nigerians.

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In response to the President’s intervention, Labour said it had ‘relaxed’ its strike for one week to enable fruitful negotiations with the Federal Government on the minimum wage.

The NLC and TUC stated this in a communique issued on Tuesday after a joint National Executive Council meeting.

PUNCH

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Reps Tackle CBN, OAGF Over Missing Grants, Bailout Funds

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By Gloria Ikibah 
The House of Representatives has commenced investigations into the utilisation of take-off grants, bailout funds, and interventions allocated to government institutions, from 2015 to present.
The Special Committee received submissions from the Central Bank of Nigeria (CBN), Office of the Accountant General of the Federation (OAGF), Economic and Financial Crimes Commission (EFCC) and Federal Ministry of Health, among others on Thursday.
Naijablitznews.com recalled on March 6, 2025, the Speaker Tajudeen Abbas, set up the special committee sequel to the adoption of a motion of urgent public importance, by the House Minority Leader, Rep. Kinglsey Chinda at plenary.
Rep. Chinda noted that over the years, various agencies and institutions, both old and newly created have received start-up funds and special financial support from the government to help with their initial operations and meet specific needs, including settling pending obligations.
He expressed concern that there have been ongoing reports pointing to the misuse or redirection of these funds, which may prevent them from being applied to the purposes for which they were originally intended. 

According to him, such financial mishandling not only disrupts critical public services and projects but also results in major losses to the nation’s purse—resources that could have been channelled into crucial services and developmental efforts, as laid out in Section 14(2)(b) of the Constitution.

 

Speaker Abbas, thereafter setup a Special Committee to be chaired by Rep. Chinedu Martins to immediately launch a probe into the “Utilisation of take-off grants, bailout funds, and interventions allocated to MDAs, government institutions, and GOEs from 2015 to present.”

Standing in for the Governor of the Central Bank, the Acting Director of Development Finance, John Hammah, assured the committee of the bank’s willingness to collaborate fully in helping it achieve its objectives.
Hammah, said he was representing  Olayemi Cardoso, who is currently out of the country, appealed to the committee for some time to gather and organise the relevant details needed for their ongoing work.
He said: “Mr Chairman and Honourable members, We got the invitation to appear before you yesterday and we hurriedly put this report together. We now understand the broad scope of your assignment and that you need accurate data covering the period 2015 to date. We plead with this committee to give us additional time to enable us to furnish you with to date report as requested”. 
Following extended discussions, the Committee Chairman Chinedu Martins granted the Central Bank a two-week window, instructing that the CBN Governor must appear in person before the Committee on May 2, 2025.
In a similar move, representative of the Office of the Accountant General of the Federation, James Abalaka, was also given two weeks to return with a detailed breakdown of disbursements, and highlighting which agencies received funds and the exact timelines.
The Economic and Financial Crimes Commission (EFCC) was also in attendance, as the Commission’s Secretary, Muhammad Hammajoda, called on the Accountant General’s office to provide the EFCC with the necessary disbursement records related to the various MDAs.
“We want a formal report detailing the amounts and purpose of disbursement. This is the format we want the report to come from the secretariat. When we get these documents, we will sit down and analyse them”, he stated.
Speaking on behalf of the Minister of Health and Social Welfare, Prof. Ali Pate, Deputy Director Accounts, Olatunde Makinde, explained that the Ministry only received the Committee’s invitation earlier that Thursday.
To ensure accurate and complete information is provided, he requested additional time so the Ministry could gather the necessary documents before appearing.
“We don’t want to give you inaccurate information. We want to seek indulgence and understanding to give us time to reach out to the institutions under us and get an accurate view.  There are many of them across the 36 states of the Federation,” he said. 
Earlier, while declaring the investigation open the Speaker of the House of Representatives, represented by the House Leader, Rep. Julius Ihonvbere outlined the significance of the exercise.
He said: “The House has implicit confidence in the Committee’s capacity to conduct a thorough, impartial, and transparent investigation, engaging with relevant stakeholders, and gathering evidence to inform its findings. 
“Our overall goal is to promote good governance, optimise public resource utilisation, enhance accountability in government business and equally strengthen our democracy.”
Also in his welcome address, the Committee Chairman, Rep. Martins reiterated that the purpose of the investigating hearing is to ensure that Nigerians get value for their money.
“It is imperative that we thoroughly investigate how these funds have been utilised, ensuring that every naira spent is accounted for and that it has truly benefited our citizens. Therefore, I would like to urge heads of agencies and organisations present today to provide truthful and accurate information to this committee in order to enable us to carry out our work. 
“The hearing is not a witch-hunting exercise; rather, it is an opportunity for all stakeholders to come together in the spirit of cooperation. I assure all participants that we are committed to a fair hearing and respectful dialogue through this process,” he said.
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Abuja light rail project must be commissioned on May 29-Wike vows

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The FCT Minister, Mr. Nyesom Wike, expressed satisfaction with the progress on the Abuja light rail project, reaffirming its May 29 delivery as sacrosanct.

He made these assurances after inspecting the ongoing construction of access roads to the train stations on Wednesday, from Metro Train Station in the Central Area to Nnamdi Azikiwe International Airport, Abuja.

Reassuring journalists accompanying him, the minister reiterated that President Bola Tinubu would commission the rail project on May 29 to mark his second year in office.

The visited stations were Wupa station near Idu and Bassanjiwa station near the airport.

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“This is part of our routine inspection of ongoing projects to see the contractors’ progress,” Wike explained.

“We are working day and night to fulfill our promise to President Tinubu and FCT residents. By May, Mr. President will ride on the Metro line.”

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Just in: Alleged Herdsmen Armed With AK-47 Rifles Take Over Communities In Benue State

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Gunmen suspected to be Fulani herdsmen are currently invading some communities in the Ukum Local Government Area of Benue State.

According to sources, the herdsmen armed with AK-47 rifles stormed the community around 04:15pm on Thursday.

“Our lives are in danger this evening, armed Fulani herdsmen, about 600 in numbers have taken over our communities this evening,” a resident told SaharaReporters.

“They’re currently moving around towns in Ukum Local Government Area of Benue state. No security personnel at all, Governor Alia didn’t send security, they said operation will start soon once they (herders) have observed the place.”

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The insecurity situation in Benue has been alarming in recent weeks with attacks from gunmen suspected to be herdsmen.

The media had reported that suspected herdsmen again unleashed terror in Benue State, attacking three communities in Otukpo Local Government Area (LGA) on Wednesday, just a day after 11 people were killed in a deadly raid on Otobi community.

The latest victims of the escalating violence were Emichi, Odudaje, and Okpamaju, communities that had previously suffered an attack in February, which left five people dead.

However, the renewed attack has created fear and mass displacement among residents, with women and children fleeing to safety.

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Local sources say the death toll from the fresh attack remains unclear, but several casualties are feared.

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