The Organised Labour has handed the Federal Government May 31 deadline to come up with a realistic and reasonable new minimum wage for Nigerian workers.

Labour made this known during the Workers’ Day celebrations at the Eagle Square in Abuja on Wednesday.

The President of the Nigeria Labour Congress (NLC), Joe Ajaero; and his counterpart in the Trade Union Congress (TUC), Festus Osifo were unanimous that the N30,000 current minimum wage has been grossly insufficient for Nigerian workers in the light of current economic realities and inflationary pressure including food inflation, hike in energy and transportation cost, amongst others.

They insisted that a new living wage of ₦615,000 be expeditiously approved by the President Bola Tinubu administration before the end of May.

Ajaero said, “The Nigeria Labour Congress and the TUC have made it clearly and emphatically that should the minimum wage negotiation continue and linger till the end of May, we can no longer guarantee industrial harmony in this country.”

On his part, Osifo asked the Nigerian Electricity Regulatory Commission (NERC) and power distribution companies to immediately reverse the current increase in electricity tariff for Band A customers.

“The NLC and TUC hereby advise NERC and power sector operators to reverse the last increase in electricity tariff within the next one week,” the trade union boss said.

Nigerians mark this year’s May Day amid spiralling, and unending snake-like queues at filling stations as scarcity of Premium Motor Spirit (PMS) also known as petrol worsens across the Federation.

Although there have been assurances by the major oil supplier in the country, the Nigerian National Petroleum Company (NNPC) Limited to alleviate this issue, however, the queues have persisted for over one week.

The Economic and Financial Crimes Commission (EFCC) and Cubana Chief Priest have reached an out-of-court settlement with respect to the naira abuse case against the nightlife promoter.

Cubana arrives at the federal high court, Ikoyi, Lagos, on Thursday for the continuation of his “naira abuse” trial.

The Economic and Financial Crimes Commission (EFCC) charged him on April 16 on three counts related to alleged naira abuse.

He was arraigned the following day at the federal high court in Lagos.

When the charges were read, the social media celebrity pleaded not guilty.

Kehinde Ogundare, the judge, thereafter granted him bail in the sum of N10 million with two responsible sureties in like sum.

The judge ruled that the bail conditions must be perfected within seven days.

Cubana was released to his lawyer who must give an undertaken to produce him later. The trial was adjourned to May 2 for continuation.

More to come…

The presidency, on Wednesday, released a video to back its claim on securing a $600 million investment commitment from A.P Moller-Maersk, a Danish shipping company.

The minister of industry, trade, and investment, Doris Uzoka-Anite, was informed in the video by Keith Svendsen, chairman of APM Terminals, that the corporation and its partners will invest $500 million, or half a billion dollars, in the Apapa ports.

Maersk’s subsidiary APM Terminals oversees container terminal operations and offers comprehensive inland and cargo services.

The video, which shows the minister, Svendsen, and other participants in the meeting, was uploaded on X formerly known as Twitter on February 9.

“We just finished the upgrading of Onne facility to meet world-class capabilities. So we invested over $100 million there,” Svendsen had said at the meeting.

“Our proposal is to upgrade the Apapa port facility with our partners there and invest half a billion ($500 million) in upgrading the facilities.”

In a statement on April 28, Ajuri Ngelale, special adviser to the president on media and publicity, said Nigeria secured a $600 million investment commitment from Maersk to expand existing ports infrastructure in the country.

Ngelale had said Robert Uggla, chairman of A.P Moller-Maersk, made the investment commitment during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum (WEF) in Saudi Arabia.

However, in a report by Lloyd’s List on April 29, officials of the logistics firm said no $600 million investment deal was signed with the Nigerian government.

The officials of the company, according to the publication, said such a deal does not exist.

“Maersk has been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to develop opportunities for growth to people, the port sector and businesses locally,” the company told Lloyd’s List.

“Therefore, it is natural to have an ongoing dialogue with the administration. However, we are not able to comment on any investment talks.”

Reacting to the development on May 1,  Bayo Onanuga, special adviser on information and strategy to the president, also said no agreement was signed between the federal government and Maersk.

Citing Maersk’s statement, Onanuga said the company was unable to comment on investment talks, stressing that it did not also expressly deny that there was an investment discussion.