Governance

Nigeria ranks second least indebted African country

Despite being commonly perceived as heavily indebted, Nigeria has been ranked as the second least indebted African country by the International Monetary Fund (IMF). This ranking emphasizes the significance of metrics such as the debt-to-GDP ratio in assessing a nation’s financial health. Lower ratios indicate stability, while higher ratios raise concerns about debt sustainability. Tanzania’s […]

Labour’s wage demand to cost FG over N11trn yearly

The federal government’s wage bill will almost double at the very least if the organised labour doubles down on an unrealistic push for a 20-fold increase in the minimum wage. With the proposed minimum wage of N615,000, the government’s personnel costs for 1.5 million workers will rise from about N7 trillion which it currently stands […]

Minimum wage: Labour, FG meeting ends in deadlock

The tripartite minimum wage negotiation meeting involving Organised Labour, the federal and state governments, and the Organized Private Sector, OPS, yesterday ended in deadlock, following Labour’s dismissal of the government’s N54,000 offer as expected. Labour leaders also lamented the absence of state governors in the meeting to present their offers, as their representatives said they had no […]

Minimum wage: May 31 deadline for strike sacrosanct if… — Labour

Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC), after a joint National Executive Council (NEC) meeting in Abuja on Monday evening, reiterate the readiness of workers to carry out a wide range of industrial action if the federal government fail to conclude new minimum wage negotiations and provide a living for the country’s workmen […]

Lagos to activate feeding programme in public schools

The Lagos State Government has assured the public an activation of feeding programme in public primary and secondary schools. This was revealed by the Special Adviser to the Governor on Political, Legislative and Civic Engagement, Afolabi Abiodun at a ministerial press briefing on Monday at the Bagauda Kaltho Press Centre, Alausa, Ikeja. “Mr Governor has […]

Minimum wage: FG’s N48,000 proposal makes no sense — TUC

The Trade Union Congress (TUC) has rejected the N48,000 proposed by the Federal Government as the new minimum wage, saying  it does not make any sense. The TUC President, Festus Osifo berated the FG’s proposal while speaking in an interview on Channels Television’s Politics Today on Wednesday. Osifo said the federal government was not being serious in […]

Minimum Wage: Labour quits talks as FG offers N48,000; OPS N54,000

LAGOS — Organised Labour yesterday walked out of the minimum wage negotiation after rejecting the government and the Organized Private Sector, OPS, new minimum wage proposals of N48,000 and N54, 000 respectively. Under the umbrella of the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, Labour described the government’s proposal of N48,000 […]

Presidency, VIPs Now to Pay at Airport Tollgates After N10bn Loss

•Aviation sector gets approval to procure N4.2 billion aircraft recovery equipment •Says cybersecurity levy suspended for review  •FG to transform infrastructure, housing sectors •Targets N20trn pension fund for devt  •To provide 48-hour visa service for investors  •Urges labour not to derail power sector transformation plan, to look into electricity tariff hike The Federal Executive Council […]

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