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ABUJA — For the second day running after Monday’s nationwide strike, the Federal Government negotiating team yesterday failed to make a fresh offer to the Technical Committee on the New National Minimum Wage, NNMW, as the five-day deadline to end negotiation draw nearer. This is even as Secretary to Government of the Federation, SGF, George […]
In a surprising turn of events, the federal government has finally admitted Africa’s biggest oil-producing country will be spending up to N5.4 trillion on oil subsidies in 2024. This comes after months of repeated denials by government officials who insisted there were no subsidies. The revelation came during a presentation by Wala Edun, the minister […]
ABUJA — Failure of the Federal Government negotiating team to present a fresh offer beyond the N60,000 it offered last week has stalled further negotiation. Recall that President Bola Tinubu had on Tuesday, given a marching order to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to prepare cost implications […]
No fewer than 30 state governments of the federation spent N986.64bn on recurrent expenditures, including refreshments, sitting allowances, travelling, utilities, etc., in the first three months of 2024, The PUNCH reports. The states’ budget implementation reports, which were obtained from Open Nigerian States, a website supported by BudgIT that acts as a repository for public […]
Senate President Godswill Akpabio has condemned the decision of organized labour to shut down the national grid, labeling it as economic sabotage. Akpabio made these remarks during a Senate session following a motion brought forward by Diket Plang, senator representing Plateau central, regarding the ongoing indefinite strike by labor unions. The strike, initiated by the […]
In a meeting held earlier on Thursday, the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) gave further details about why their joint National Executive Council suspended the indefinite nationwide strike that began on May 3rd. A communique jointly signed by NLC and TUC Presidents, Comrades Joe Ajaero and Festus Osifo, said […]
Festus Osifo, the president of the Trade Union Congress has said the N494 thousand minimum wage demand is not a fixed wage, noting that the organised labour went into the negotiation table with its “best case scenario”. Osifo who featured in an interview on Channels Television on Tuesday said the concerns of the labour is the value […]
… Says institutional reforms should precede price reforms… Naira will continue to depreciate without export The Managing Director of Financial Derivatives Company, FDC, Mr. Bismarck Rewane, has urged the Nigerian Labour Congress, NLC, to reconsider its stance on benchmarking the minimum wage demand on dollar exchange rate, saying that it would result in massive job […]
The Nigeria Labour Congress has has disclosed that the ongoing nationwide strike will continue despite the agreement signed with the Federal Government at Monday’s meeting. The congress, in a post on X, on Tuesday said the industrial action which has grounded the nation’s economy will continue until Tuesday’s meeting of organs of the union where […]
Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, says the striking Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) should be thankful to God that Nigeria is not in a military regime. Onanuga, who is reacting to the report of complete shutdown of Nigeria’s power grid by the labour unions […]
