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JUST IN: NLC Suspends Planned Strike

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The Nigerian Labour Congress, on Monday announced that the scheduled statewide strike for Wednesday would no longer take place.

The decision was made as part of resolutions that the Federal Government and organized labor held a nearly six-hour meeting at the Presidential Villa in Abuja, which were announced by the Speaker of the House of Representatives, Femi Gbajabiamila, and confirmed by Joe Ajaero, President of the Nigerian Labour Congress.

Monday’s engagement is the third in a series of meetings between the government and key labour stakeholders after the President, Bola Tinubu, announced the discontinuance of petroleum subsidy exactly one week ago.

At Monday’s meeting, the parties agreed that “The NLC will suspend notice of strike forthwith to enable further consultations.

“The TUC and the NLC to continue ongoing engagements with the Federal Government and secure closure on the resolutions.

“The labour centres and the Federal Government to meet on June 19, 2023 to agree on an implementation framework.”

Gbajabiamila also announced that the FG, TUC and NLC are to establish a joint committee to review the proposal of any wage increase or award and establish a framework and timeline for implementation.

The Federal Government, TUC and NLC will also review the $800m World Bank Financed Cash transfer scheme and propose inclusion of low-income earners in the program.

Monday’s resolution also include the review of the CNG conversion program earlier agreed with labour centres in 2021 and work out detailed implementation and timing.

The Labour centres and the FG will also review issues hindering effective delivery in the education sector and propose solutions for implementation.

The labour centres and the FG will review and establish the framework for completion of the rehabilitation of the nation’s refineries.

This also includes a provision of a framework for the maintenance of roads and expansion of rail networks nationwide.

“All other demands submitted by the TUC to the Federal Government will be assessed by the joint committee,” the Speaker said.

On his part, the NLC President said “These are the framework for us to follow in achieving some of the agreements reached here.

“You can see that not is yet in concrete terms. So, at the adjourned date, we will go into more specifics to make sure this knotty issue is resolved.”

Asked if the strike had indeed been suspended, Ajaero said “I thought that the speaker read it out.”

The President of TUC, Festus Osifo, said the organised labour are committed to resolving the issues raised and alleviating the suffering of those vulnerable Nigerians following the discontinuance of subsidy.

However, he urged the FG to take the resolutions seriously.

“So I want us to commit to get these issues resolved as soon as possible.

“So for us from labour, we are totally committed to get these issues resolved for the benefit of Nigerians,” Osifo said.

In attendance were the former Governor of Edo State, Adams Oshiomhole, the Group Chief Executive Officer of NNPCL, Mele Kyari, Hon. James Faleke, Permanent Secretary, Ministry of Labour and Employment, Kachollom Daju are among others representing the FG.

The Governor of the Central Bank of Nigeria, Godwin Emefiele and former Minister of State for Labour and Employment, Festus Keyamo, later joined the government’s delegation.

BIG STORY

NCC Unveils Initiative To Combat Fraud, Spam Messaging

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The Nigerian Communications Commission has unveiled a draft regulatory framework aimed at addressing fraud, spam, and other challenges in the “Application-to-Person” messaging sector.

The telecom regulator made this announcement in a statement on Friday.

The proposed framework was introduced during a virtual Stakeholders’ Forum, a key step towards enhancing the sector’s integrity and ensuring a fair, transparent environment for all parties involved.

The draft framework, presented by the acting Head of Legal and Regulatory Services at the NCC, Mrs. Chizua Whyte, on behalf of the Executive Vice Chairman, Dr. Aminu Maida, seeks to regulate the A2P messaging space.

A2P messaging, used for notifications such as bank alerts, promotional campaigns, and government updates, has become a vital communication tool in Nigeria.

However, the sector faces significant challenges, including consumer protection concerns, fraud, and data privacy issues, as well as an unequal distribution of value within the ecosystem.

“The international A2P messaging space in Nigeria faces gaps that have led to issues such as fraud, spam, and data privacy concerns. These challenges threaten the sustainable growth of this communication tool,” the NCC said.

The regulator emphasised its commitment to fostering innovation while ensuring a secure, transparent environment for businesses, consumers, and service providers.

The proposed framework aims to address these challenges by protecting consumers, promoting fair competition, and holding service providers accountable.

“This forum marks a pivotal step towards addressing these challenges,” the NCC said. “We are here to engage with all stakeholders—operators, aggregators, businesses, service providers, and consumers—to refine the framework and ensure it meets the needs of the entire ecosystem.”

The NCC stressed the importance of inclusivity and collaboration in creating an effective regulatory environment.

The commission’s efforts are focused on promoting a sustainable A2P messaging ecosystem that enables business innovation, enhances communication efficiency, and supports Nigeria’s socio-economic growth.

Stakeholders were encouraged to provide feedback and contribute ideas during the forum to help shape the final framework.

The NCC reiterated its commitment to creating a regulatory environment that supports innovation while safeguarding the interests of all stakeholders in the A2P messaging sector.

For further updates, the NCC urged stakeholders to remain engaged throughout the regulatory process, stressing the importance of cooperation in shaping the future of A2P messaging in Nigeria.

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BIG STORY

JUST IN: Oil Marketers Reduce Petrol Price By 11.8% To N939.50 Per Litre

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Oil marketers sourcing “Premium Motor Spirit”, “PMS”, also known as petrol, from the Dangote Petroleum Refinery have reduced the price by 11.8 percent to N939.50 per litre, down from N1,060 per litre.

As of Thursday, December 19, petrol was still being sold at N1,060 per litre in Lagos and surrounding areas.

However, by Friday, MRS, a leading marketer, along with others, had adjusted their prices, now selling at N939.50 per litre.

It’s worth noting that the Dangote Petroleum Refinery had earlier lowered the ex-pump price of petrol to N899.50 per litre, down from N970 per litre.

According to the refinery, this price reduction is intended to offer much-needed relief to Nigerians ahead of the holiday season.

Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, made this announcement.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on “PMS” (“petrol”). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Chiejina said.

‘‘Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

 

More to come…

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BIG STORY

EFCC Allocates N18bn For Allowances, N5bn For Travels In Proposed 2025 Budget

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The Economic and Financial Crimes Commission (EFCC) has announced plans to allocate N18 billion for allowances in 2025.

This figure is part of the proposed 2025 budget currently under consideration and awaiting approval by the national assembly.

As per the appropriation bill, the EFCC’s total budget for 2025 stands at approximately N62.2 billion.

This budget includes personnel costs (N38.6 billion), overheads (N20.9 billion), and capital expenditure (N2.2 billion).

Within the allowance budget, N1.7 billion is designated for “non-regular allowances,” while “regular allowances” are set at N16.7 billion.

Other proposed expenditures for the EFCC include welfare packages (N1.4 billion), fuel and lubricants (N2 billion), financial charges (N1.2 billion), construction and provision of office buildings (N1.1 billion), and maintenance services (N2.1 billion).

The EFCC also plans to allocate N4.9 billion for “local travel and transport,” with “international travel and transport” expected to cost N1.7 billion.

The proposed budget includes N800 million for the purchase of fixed assets.

On Wednesday, President Bola Tinubu unveiled the N49.7 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity.”

In his address to the national assembly, Tinubu stated that it was time “we rewrite Nigeria’s narrative together.”

The primary focus of next year’s budget will be the defence, infrastructure, health, and education sectors.

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