Connect with us

News

Wike Canvasses Minimum Wage On States’ Ability To Pay

Published

on

The Rivers State Governor, Chief Nyesom Wike has stated that Nigerian workers would be better off when states are allowed to fix their separate minimum wages in line with their financial capacity to pay.
Speaking during a public hearing on the new national minimum wage for Nigerian workers for the South-South geo-political zone in Port Harcourt, last Friday, Wike said that states vary in financial capacity, thereby making a uniform minimum wage unrealistic.
The governor said: “And for us, therefore, the single national minimum wage system is yet another lie that betrays the distortions in our federation and the structured dislocation of the states in the power equation between the Federal Government and the federating states.
“It is our view that the country and its workers would be better off, if states are allowed to fix and pay their own minimum wages indexed to the prevailing cost of living and ability to pay.
“When this happens, it is possible that some states may go beyond the minimum threshold to pay a living wage, which is what our workers truly need”, he argued.
Wike said that the previous review exercise failed to give maximum weight to the existing disparity in economic potential and capabilities among the 36 states of the federation, adding that it has been difficult for most of the states to implement the existing N18, 000.00 minimum wage.
He noted that majority of the states were within the fringes of financial viability, and cannot meet their salary obligations to civil servants without bailouts from the Federal Government.
The governor said that enhanced wages can only be possible when the Federal Government improves the economy of the federation.
He said: “Here in Rivers State, we value our workers; we invest in their welfare in different ways, and we want them to earn living wages that can keep them and their families as comfortable as possible.
“The Rivers State Government, therefore, supports the ongoing consultations by the Tripartite Committee on National Minimum Wage for arriving at a new national minimum wage floor for the country.”
In his contribution, Gov. Emmanuel Udom of Akwa Ibom called for a review of the revenue sharing formula.
Represented by the state Head of Service (HOS), Mrs Ekerebong Akpan, the governor said the present minimum wage was not adequate for today’s workers.
“Today, workers’ wage cannot take them home. There is the need to note what each state can pay.” he said.
According to Udom, government would be able to “absolve” the difference between the present N18, 000 minimum wage and the proposed N66, 500.
He said that the Federal Government could increase workers’ salary without publicity, adding that it could be done without announcing it.
In his opening remarks, the Minister of Labour and Productivity, Dr Chris Ngige said the exercise has been held across the six geo-political zones to ascertain the needs of Nigerian workers and employers to reach an acceptable and implementable wage.
The minister said: “It is hoped that at the end of the exercise, we will be able to have women and men who will be engaged in productive work in equitable conditions of freedom to associate and bargain collectively with equality and human dignity”.
Ngige, who is also the chairman of Tripartite Committee on National Minimum Wage, said the aim was to ensure that the nation adopts a national minimum wage that would assure the attainment of social protection floor for Nigerian citizens.
“The Federal Government wants a minimum wage that could secure goods (food) and services for Nigerian workers.
“At the end of the public hearing, we will collate contributions and arrive at an acceptable wage for Nigerian workers,” Ngige said.
Presenting the position of Nigerian Labour Congress in the South-South, Comrade Beatrice Itubo called for a living wage for workers, emphasising that the organised labour in Rivers State was insisting on N66,500 as national minimum wage for the workers in the country.
Itubo argued that the existing N18, 000 minimum wage was of no economic significance in the present economic situation.
“It is not a take home because of deductions, among others tax,’’ Itubo added.
Also speaking, the Rivers State Chairman of Trade Union Congress (TUC), Comrade Austine Jonathan, said the proposed N66, 500 was not “a take home due to deductions – tax, and compulsory pension contributions.
Jonathan, who represented the TUC in the South-South, noted that part of the proposed N66, 500 would go to healthcare, saying the menacing black soot was killing Rivers workers (residents).
He pleaded that pensioners should be considered in the new wage regime, arguing that some pensioners received below N10, 000 per month.
Both labour leaders also demanded upward review of workers’ salary every five years as well as building of social infrastructure to check high cost of living.
The public hearing attracted the representatives of the governors of Bayelsa, Cross River, Akwa Ibom, Edo and Delta states.
Also present at the meeting were labour leaders from the six states of the geo-political zone.

Continue Reading

News

Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

Published

on

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”

Continue Reading

News

FG Laments Low Patronage Of Made-In-Nigeria Products

Published

on

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.

Continue Reading

News

Nigeria Seeks Return To JP Morgan Bond Index

Published

on

The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.

Continue Reading

Trending