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Just in: Retirees to smile as FG increases pension

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Sequel to the salary adjustment by the federal government via its set up committee to review the new minimum wage, retirees are now entitled to N32,000 increment in their monthly pensions.

This was made known in a memo by the National Salaries, Wages, and Income Commission (NSWIC).

In accordance with the memo, dated 27, September 2024, signed by Ekpo Nta, the NSIWC Chairman, noted that the affected retirees are those who retired under the salary schemes for doctors, health workers, lecturers, police, paramilitary, armed forces and others.

The memo reads: “Consequent upon the implementation of the National Minimum Wage (Amendment) Act 2024 and the consequential adjustments in the salaries of employees in the Federal Public Service, the President of the Federal Republic of Nigeria has approved an increase of N32,000 per month on the pensions of retirees under the defined benefits scheme of agencies on the following salary structures: Consolidated Public Service Salary Structure, Consolidated Research and Allied Institutions Salary Structure, Consolidated Universities Academic Salary Structure, Consolidated Tertiary Institutions Salary Structure II, Consolidated Polytechnics and Colleges of Education Academic Staff Salary Structure, and Consolidated Tertiary Educational Institutions Salary Structure.

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“Consolidated Medical Salary Structure, Consolidated Health Salary Structure, Consolidated Para-Military Salary Structure, Consolidated Police Salary Structure, Consolidated Intelligence Community Salary Structure, and Consolidated Armed Forces Salary Structure.

“The approval takes effect from July 29, 2024. Agencies that are not part of any of the above-mentioned salary structures should, in line with Section 173 (3) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) and Section 3 (P) of the NSIWC Act, apply to the commission to determine the appropriate increase that will be applicable to their retirees.”

It could be recalled that the Committee on Consequential Adjustments in Salaries for civil servants met on Friday regarding the new minimum wage template and agreed that the effective date for the implementation of the new minimum wage would be set at July 29, 2024.

The new minimum wage was signed into law on 29, July 2024, by President Bola Tinubu, following the meeting held with the Nigeria Labour Congress and the Trade Union Congress of Nigeria leaders.

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According to the National Salaries and Wages Commission, said the reason for the implementation date set to July 2024 was because President Tinubu signed the bill into law in July 2024.

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Reuben Muoka bows out from NCC as Public Affairs Director

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After a luminous epoch, characterised by a meritorious service, Reuben Mouka, a veteran ICT journalist and public relations professional, has retired as Director of Public Affairs at the Nigerian Communications Commission ( NCC).

Muoka joined the Nigerian Communications Commission, NCC, from the Vanguard Newspaper where he was the HI-TECH Editor, some 18 years ago.

He was promoted to the position of the Commission’s Director of Public Affairs (DPA) on Monday, June 20, 2022.

He succeeded Dr Ikechulkwu Adinde, who redeployed in the special duty unit of the Commission.

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Muoka had worked in that unut as a principal officer for several years under Engineer Ernest Ndukwe and the late Dr. Eugene Juwah.

He was sent to the special duties and economic policy and analysis departments at some point during the first term of Professor Umar Danbatta as EVC.

He was head of media and public relations from 2009 until 2015, when Danbatta resumed as EVC.

At Vanguard, Muoka worked with Okoh Aihe, who recently retired from the NCC, to run the paper’s Hi-Tech pages and reported ICT for several years.

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He left Vanguard to work at MTS First Mobile, a pioneer company in mobile communication in Nigeria, as Corporate Affairs Manager.

Muoka has first and second degrees in Mass Communication.

He was once chairman of the League of Communications Correspondents, a beat association created in 1988 to help ICT journalists become professional ICT reporters.

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Again China increases tariffs to 125% as trade war with US continues

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On Friday, China raised tariffs on goods imported from the United States to 125 percent, responding directly to President Donald Trump’s move to increase levies on Chinese products to 145 percent.

This escalation has intensified the ongoing trade conflict, which poses a serious risk to global supply chains.

The tariff hike followed continued pressure from the U.S. government on China, which remains the second-largest economy in the world and a major supplier of goods to the U.S. While similar duties on many other nations have been suspended, China was specifically targeted for additional increases.

“The US imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion,” China’s Finance Ministry said in a statement.

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The U.S. had previously announced that the total tariffs placed on Chinese imports under the Trump administration have now reached 145 percent.

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Sad! Explosion rocks Lagos

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An explosion caused confusion and fear on Friday evening in the Ikeja Under Bridge area of Lagos State after a loud blast came from a building.

The incident happened around 6:30 p.m., drawing attention from people in the neighbourhood who quickly rushed out in fear.

The blast was linked to a solar inverter that suddenly went off inside the building, causing a loud noise that shook nearby surroundings.

Many people in the area ran for safety, and traffic became heavy as vehicles slowed down due to the commotion.

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“The explosion was caused by an inverter that blew up. The Lagos Fire and Rescue Service is already on the scene. There’s heavy traffic in the area, and people were seen running in panic,” an eyewitness told Vanguard.

Emergency responders from the Lagos State Fire and Rescue Service quickly arrived at the scene to tackle the situation.

Firefighters worked to bring the fire under control and continued their efforts late into the evening.

As of 8:30 p.m., the fire was still being battled.

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Authorities at the scene assured residents that efforts were ongoing to fully manage the situation and there was no need to panic.

“There is no cause for alarm. The situation is under control,” Director of the Lagos State Fire and Rescue Service, Mrs. Margaret Adeseye said.

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