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Minimum wage: Only greed won’t make govs meet fresh demand, NLC declares

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The Nigeria Labour Congress has said penchant for wealth by the state governors was responsible for their unreadiness to pay the new minimum wage.

This is just as the NLC said the state governors have no excuse not to pay the N70,000 minimum wage.

According to NLC, if the governors can pay themselves the same amount of salaries, it is a must for every one of them to pay the new wage.

The National Treasurer of the NLC, Akeem Ambali, in an interview with Saturday PUNCH, said it was an act of wickedness for any governor to say he couldn’t pay the minimum wage.

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Ambali chided Gombe State Governor, Muhammad Inuwa, for declaring that the state couldn’t pay the new wage.

He said, “Why would Gombe Governor be able to pay himself salary of the same amount with that of Lagos and Rivers, but couldn’t pay the N70,000 minimum wage? It is an act of wickedness and disrespect for workers who work day and night to develop the state.

“All of us know the prevailing hunger in the land, it is unfortunate that a governor who lives in opulence, receiving more than N500m security vote, staying in free government accommodation and paying himself fantastic salary and will still receive gratuity is saying he couldn’t pay the state workers N70,000 minimum wage.

“Workers are not slaves. His statement doesn’t show responsive leadership. We will shut down any states that fail to pay minimum wage.

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“Within May 29, 2023 and today, allocations to states have increased by over 120 per cent, they have also gotten infrastructure support which doesn’t show any commensurate development in their state.

“The penchant for wealth and lack of respect for what labour stands for is why governors are unwilling to pay the minimum wage.”

He called on Nigerians, especially those protesting against bad governance to challenge their various state governors how they are managing the increased allocation from the Federal Government.

Ambali said the minimum wage was expected to take effect from May.

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He said, “The old minimum wage expired in April; labour expects that the effective date for the minimum wage should be around May 2024, but it is negotiable.”

Meanwhile, Sokoto State Government has promised that to implement the new minimum wage as approved by President Bola Ahmed Tinubu recently.

The state governor, Ahmed Aliyu Sokoto, stated this during a town hall meeting on the proposed nationwide protest declared by some youths in the country.

“On our part I want to assure you that the Sokoto State Government is ready to implement the new National minimum wage as approved by Mr President

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“Undoubtedly our Country is facing quite a number of challenges that include Economic down turn, Inflation, cost of living as well as Insecurity among other challenges”.

The governor noted that it is indeed obvious that the hardship being faced by ordinary Nigerians has worsened there by making lives unbearable to many citizens.

According to him,prices of some essential items have now gone up far above the purchasing power of an average Nigerian, a situation that has further aggravated the problems being faced in the country today” he added.

Recall that the Sokoto State Government was one of the few states in the country currently implementing the 30,000 minimum wage for its workforce in the state civil service.

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Also, the governor of Kebbi State, Dr Nasir Idris, disclosed his administration’s readiness to have a fruitful discussion with the state union leader on the new minimum wage.

The Chief Press Secretary to the governor, Ahmed Idris, while speaking with our correspondent on telephone, said the state governor was ready to put smile on the faces of the state workers.

In Kogi State, the state Commissioner for Finance, Ashiwaju Ashiru Idris, said no date had been fixed for the implementation of the N70,000 minimum wage signed into law recently by President,Bola Tunubu.

Responding to our Correspondent’s enquiry as to when the state will commence the payment of the minimum wage, the commissioner said he had no information about when that would happen.

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Also, the Nasarawa State government has expressed its readiness to align with the Federal Government of Nigeria on the new N70,000 national minimum wage for workers in the country.

Speaking with our correspondent in Lafia on Wednesday, the Senior Special Assistant to Governor Abdullahi Sule on Public Affairs, Peter Ahemba, explained that the state government had rolled out plans to begin the new payment to its workers.

He explained that the governor had long assured workers in the state that, to ensure their financial stability, he was willing to pay whatever amount the federal government and the Organised Labour agrees to pay workers across the country.

He said, “The Nasarawa State government is fully ready to begin with the payment of N70,000 as agreed by the federal government of Nigeria.

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“Governor Abdullahi Sule had made his position clear on this matter that he is ready to pay whatever is agreed between the FG and Organised Labour.

“So, workers in the state have nothing to worry about because they will soon start enjoying the new national minimum wage.”

In Kano State, the government has inaugurated an Advisory Committee on the New National Minimum Wage.

The state Deputy Governor, Aminu Abdulsalam Gwarzo inaugurated the committee on behalf of the governor at the Government House.

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Also speaking on the matter, the Plateau State Government said it was studying the N70,000 minimum wage offered to workers by the Federal Government.

The state Commissioner for Information, Musa Ashoms, said the government would make its position known on the matter after negotiation with the organised labour.

Speaking with Saturday PUNCH, Ashoms said, “When we are ready with our figures, we will make it known to the public.

“We do not operate the same or amount with the Federal Government which has agreed with the N70,000 minimum wage. But I can tell you that we care about our civil servants and we care about the welfare of our people”

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Credit: PUNCH

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AFCONQ 2025: Nigeria’s Super Eagles fail to beat Benin Republic in Abidjan

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Nigeria’s Super Eagles on Thursday failed to beat Benin Republic in their 2025 Africa Cup of Nations, AFCON, qualifier as two West African neighbours settled for a 1-1 draw in Abidjan

With the results, Nigeria officially qualified for the TotalEnergies CAF AFCON, securing a top-two finish in Group D,

Benin opened the scoring in the 16th minute when Mohamed Tijani capitalized on a corner delivery from Junior Olaïtan, heading the ball into the center of the net.

The Super Eagles found themselves trailing despite creating opportunities, with Victor Osimhen and Moses Simon both testing Benin’s defence.

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In the second half, Nigeria intensified their attack and were rewarded in the 81st minute when Osimhen met Simon’s cross with a precise header to level the score.

Benin fought hard to reclaim the lead, but Nigeria’s defence held firm, preserving the draw.

Nigeria’s qualification for TotalEnergies CAF AFCON marks a relief for fans and sets the stage for their preparations for the tournament. Benin, meanwhile, remains in contention but will need positive results in their final game to have any chance of progressing.

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Wike suspends FCDA secretary indefinitely

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The Minister of the Federal Capital Territory, Nyesom Wike, has suspended, with immediate effect, the Executive Secretary of the Federal Capital Development Agency, Shehu Hadi Ahmad, indefinitely.

This was made known in a statement by the Senior Special Adviser to the Minister of Public Communication and Social Media, Olalere Olayinka, on Thursday.

Circumstances leading to or surrounding the suspension of the secretary were, however, undisclosed as of the time of filing this report.

According to the statement, the suspended Executive Secretary has been consequently directed to hand over to the Director of Engineering Services in the FCDA.

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UBA to raise N239bn via rights issue

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United Bank for Africa Plc has issued 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in a rights issue to raise N239.4bn in a bid to meet the fresh capital requirements of the Central Bank of Nigeria.

The rights issue which opened on Friday (today) allows existing shareholders to purchase one new ordinary share for every five existing ordinary shares held by shareholders as of November 05, 2024.

In late March, the CBN announced an upward review of the minimum capital requirement for banks in the country.

In a letter to the shareholders informing them of the rights issue, the Group Chairman of United Bank for Africa, Tony Elumelu, noted that following the resolution of the Group’s shareholders at the Annual General Meeting held in May 2024, authorising the establishment of the N400bn Equity Shelf Programme, UBA will embark on a Rights Issue, as the first step in its broader capital raising programme.

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“UBA’s Rights Issue aims to raise N239.4bn, through the issuance of new ordinary shares to our shareholders. The primary objective of this rights Issue is to further strengthen our capacity to take advantage of growth opportunities and sustain our leadership in the banking industry,” Elumelu said in the letter.

On the use of proceeds, Elumelu noted that, beyond regulatory compliance, the funds will expand the Group’s lending capacity, invest in digital infrastructure, support sustainable business practices, and expand the group’s African operations.

Elumelu also highlighted how UBA is driving economic growth across Africa, saying “Our historic partnership with the Africa Continental Free Trade Area Secretariat, where UBA pledged up to $6bn in financing over the next three years to support eligible SMEs across Africa underscores our commitment to fostering economic development.”

It was revealed that application for the provisional allotment of the Rights to the new ordinary Shares will be made exclusively through the NGX e-offer portal, during the offer period, while existing shareholders may also apply for additional shares above their provisional allotment as described in the Provisional Allotment Letter. Shareholders who are customers of the Bank are also encouraged to access their Rights through UBA’s internet banking and mobile banking channels.

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At the end of the third quarter, the gross earnings of UBA appreciated by 83.2 per cent year-on-year to N2.39tn from N1.31tn in the same period of 2023. Its profit before tax went up by 20.2 per cent to N603.48bn from N502.09bn in Q3 2023, while profit after tax also rose by 16.9 per cent to N525.31bn from N449.26bn recorded a year earlier.

The lender’s total assets rose to N31.80tn, representing a 54.0 per cent increase over the N20.65tn recorded at the end of December 2023.

In the 2023/2024 report year, UBA won ‘Bank of the Year’ awards in eight of its subsidiaries – Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo; Sierra Leone; Tanzania, as well as the Regional Award for Africa and in 2024 has won World Best Frontier Markets Bank and Best SME Bank Africa.

UBA Plc offers banking services to more than 45 million customers, across 1,000 business offices and customer touch points in 20 African countries.

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