Business
Labour Decries Casualisation In Nigeria
As Nigerian Workers
joined their counterpart’s all over the world to mark this year’s International Workers’ Day with the theme “The Working Class and the Quest for Socio-Economic Revival”, Labour in the state has lamented the casualisation of workers in both public and private sectors of the economy.
In their separate interviews with The Tide at the venue of this year’s Workers’ Day celebration held at Yakubu Gowon Stadium Elekahia, Port Harcourt, yesterday the state chairperson, Nigeria Labour Congress NLC, Comrade Beatrice Itubo said that the organized labour in the state has observed with a great concern the use of new management techniques by employers of labour especially in the private sector to subject workers to minimum working conditions.
Itubo said such techniques are antithetical to the collective struggle of labour and the extant labours laws of the country, stressing that labour can no longer tolerate such deviant attitude and behaviour of employers to the law of the country.
She said the absurd situation has given rise to situation where employers of labour have abscond an unchecked powers to sack workers through unconventional means, adding that such ultimate power would henceforth be checked by labour for employers to adhere to labour laws.
The NLC Chairperson stressed that after workers are sacked upon demand for their terminal benefits, employers usually resorted to hiring armed security operatives to intimidate, harass and beat up their erstwhile employees which is manifest to violation of the provision of the labour laws of the Federal Republic of Nigeria.
She bemoaned a situation where employers have no specified terms and conditions of service for their employees, assuring the workers found in such precarious condition of the swift action and support of the organized labour towards correcting the abnormalities where necessary.
She called upon His Excellency to caution such defaulting employers to give priority attention to issues about workers in both public and private sectors of the nation’s economy.
Also speaking to The Tide, the Trade Union Congress of Nigeria (TUC) Rivers State Chapter, Comrade Chika Onuegbu said that the joint leadership of the organized labour in the country had proposed and presented a new minimum wage of N56,000.00 (Fifty-six thousand naira) to the Federal Government.
Onuegbu informed the state government that the amount translates to just $164 dollars per month which is less than a day and half minimum wage pay in the United States of America.
The Tide Chairman said that Labour expects that in line with the principles of social dialogue and tripartism the government through the Federal Ministry of Labour and Employment would immediately convene a meeting of the tripartite parties to commence negotiations that will ultimately usher ina new minimum wage for the Nigerian workers.
Philip Okparaji
Business
MoneyPoint Empowers Pharmacists With Payment Solutions
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
Business
Embrace AI, CIIN Urges Insurance Operators
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
Business
NASRDA Reassures On Strengthening Nigeria’s Space Capability
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter