News
Strike looms as Labour gives deadline for new minimum wage
*Tinubu, governors mute
By Kayode Sanni-Arewa
The Organised Labour has stated that a new minimum wage for Nigerian workers must be ready before the end of July.
President, Trade Union Congress (TUC), Comrade Festus Osifo, stated this when he received the Special Adviser on Labour Matter from the Kogi State Governor, Onuh Edoka, and his delegation in Abuja.
President Bola Ahmed Tinubu and the governors of Nigeria’s 36 states remained silent on the minimum wage issue after a crucial meeting of the National Economic Council (NEC) yesterday.
Many Nigerians and Organised Labour groups had anticipated that both the federal government and the states would address the matter, which has been unresolved since the removal of the fuel subsidy on May 29, 2023, the day Tinubu assumed office, and the expiration of the N30,000 minimum wage agreement from 2019.
After the NEC meeting, the governors who briefed the press did not address or take questions on the minimum wage issue.
Meanwhile, Festus Osifo said he is hopeful that the new minimum wage would be announced, passed into law, and its implementation begin before the end of July.
Osifo said that there was a need for the National Tripartite Negotiation Committee, made up of government, labour, and organised labour, to find a common ground so that the bill would receive prompt attention from President Bola Tinubu as well as the National Assembly and be passed into law.
He said: “What we are working on from both labour centres is that before the end of July, we should have a new minimum wage that must have passed through the processes and that must have been assented to by the President so that the plight of the workers will improve much more.
“So that the economic challenges that we are facing as a country will be improved upon so that an average worker will be able to go to market and buy one or two things to take care of his or her family because of this skyrocketing inflation that we have in our country.
“As you are aware, Labour has submitted N250,000, the government and organised private sector N62,000. Let both parties come together; let all parties come together.
“We will resolve and have a common front so that the President will be able to send the bill to the National Assembly, and at the end of the day, we will have a new national minimum wage. This is key; this is a topic that is germane for all labour unions today in Nigeria.”
News
Tears As Man Takes Own Life Over Tinubu’s Govt Hardship
By Mario Deepromoter
Sad development in Marika village, Kiyawa Local Government, Jigawa, where a 40-year-old man, Jibrin Adamu, committed suicide by hanging himself.
According to eyewitnesses, Adamu’s lifeless body was discovered in a classroom at Miftahul Khairat Islamiyya and Primary School Gurdiba on Thursday.
Police spokesperson DSP Lawan Shiisu Adam confirmed the incident, stating that preliminary investigations revealed Adamu had struggled with mental health issues.
“Police received a report on Thursday that at about 1830hrs, a tragic incident was reported at the Command headquarters that one Jibrin Adamu ‘m’ age 40yrs of Jigawar Maroka village, Kiyawa LGA has committed suicide by hanging himself over the ceiling at Islamiyya school,” the Police spokesperson told Daily Post.
The Jigawa State Commissioner of Police, CP AT Abdullahi, has instructed officers to conduct a thorough investigation into the incident.
News
Just in: Dangote Petrol Now Available at N765.99 Per Litre
By Mario Deepromoter
11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide.
Findings showed some petroleum marketers who were able to complete their payment process on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the existing agreement between marketers and the refinery.
Tunji Oyebanji, managing director, 11Plc confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC who remain the sole off-taker of product.
“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.
It was gathered that NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.
He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol”.
Efforts to get the Independent Petroleum Marketers Association of Nigeria (IPMAN) to confirm if its members have picked up products at the Dangote Refinery proved abortive at the time of writing this report.
See also Nigeria’s Petrol Landing Cost Revealed
Adedapo Segun, executive vice-president, downstream at NNPC said marketers cannot purchase petrol directly from the refinery because the product is still sold at a subsidised rate.
“That is the same thing happening with Dangote. I said earlier that Dangote is a company and it is going to sell at market price,” he told Journalists.
According to Segun, “The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling.
“The situation has not changed there. So, NNPC’s off-taking is only because the others would not buy at the price Dangote will be willing to sell, which is reasonable.
“As soon as the price allows for it, you will see the marketers go to Dangote and buy.”
News
Our Country Is Bankrupt – Governor Obaseki
By Ojomah Austin.
Gov. Godwin Obaseki of Edo state has stated that “Nigeria is technically bankrupt” during an interview on Channels Television’s Politics, while elaborating on his concerns over the country’s financial health.
While criticising the Federal Government for being stuck in the past, the governor emphasized the urgent need for restructuring to facilitate progress.
“You restructure your affairs so that you can reorganize and be able to meet your obligations. But Nigeria is still behaving as if they have money like it used to.
“Nigeria has been in trouble for a while. We don’t have enough to cover our expenditures and we are not reducing our expenditures and we are not earning more. The federal government does not have the capacity anymore to manage the economy”.
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