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No Agreement With FG, Strike Not Ending Soon – ASUU, SSANU, NASU

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The Academic Staff Union of Universities and the Joint Action Committee of the Non-Academic Staff Union of Educational and Associated Institutions and Senior Staff Association of Nigerian Universities have said the Federal Government did not reach a strong agreement with them that could lead to calling off the industrial actions.

ASUU started its strike on February 14, 2022, and JAC commenced its own on April 14, 2022.

The unions embarked on industrial actions while demanding improved welfare packages, better working conditions, and the implementation of various labor agreements signed with the Federal Government between 2009 and 2020.

The national leaders of ASUU and JAC of SSANU and NASU, Prof Emmanuel Osodeke and Mr. Mohammed Ibrahim, respectively told our correspondent that the Federal Government and all stakeholders in the education sector and religious leaders had a meeting with the four unions but no strong agreements were reached.

The Minister of Labour and Employment, Senator Chris Ngige, was quoted in a report at the weekend as saying, “We had a cordial and fruitful discussion; we looked at the issues dispassionately and reached some agreements, to the satisfaction of everybody in attendance.”

But Osodeke said Ngige’s claim after the meeting that the unions would call off the ongoing strike this week was a political statement.

He said, “We are not aware that we are calling off the strike. We met but there was nothing concrete between us and the government. Like we said before, we do not want promises, we want actions, if they show action and implement all the issues, we will go to our members, but knowing their antecedents, we know they will not do anything.

“They promised us since December 2020 and it is going to a year and a half, they have not done anything. We are waiting for them.

“As far as we are concerned, only when they sign our agreements, accept UTAS, release EAA and revitalization funds will we call the strikes off.”

Ibrahim added that the major progress he could point at during the meeting was the ordering of the National Information Technology Development Agency, by the presidency who was represented by the Chief of Staff to the President and Chairman of the meeting, Prof. Ibrahim Gambari, to subject the three payment solutions; Integrated Payroll and Personnel information system, University Transparency and Accountability Solution and University Peculiar Payroll Payment System, to integrity test and submit in three weeks.

“We are not talking about calling off strike now,” he said.

NYSC, varsities to review timetable after strike

Meanwhile, the National Youth Service Corps, Joint Admissions and Matriculations Board, and universities will meet later to harmonize the timetable and rollout calendar for the mobilization of graduates for the mandatory National Youth Service and 2022 admissions following the disruption in the academic calendar as a result of the ongoing industrial actions.

The Secretary-General of the Committee of Vice-Chancellors of Nigerian Universities, Prof Yakubu Ochefu, disclosed this in an interview.

He said the heads of JAMB, NYSC, and universities would meet to ensure synchronization of timetables once the strike is called off.

Ochefu said, “If we recall, in 2020, when we had a similar situation, all the parties adjusted their rollout calendars.

“NYSC, JAMB, and the Universities will work together to synchronize their timetables.

“Their leaders will surely meet to review the timelines immediately after the strike is called off.”

Also, the Michael Imoudu National Institute for Labour Studies, Ilorin, Kwara State, has said that it has started mediating the dispute between ASUU and the Federal Government.

The Director-General of MINILS, Issa Aremu, revealed this in Ilorin while responding to questions on strike.

“ASUU issues with the Federal Government are labor issues which are technical; the ministers could not resolve them because they lack skills to meditate on the industrial dispute. “There are two issues; dispute of rights and dispute of interest. While ASUU is on a course on the dispute of rights, it is wrong for it to go on strike on the dispute of interest which includes the system of salary payment,” he said.

Aremu, who described the shutting down of universities as worrisome, said, “We are meeting with stakeholders in the education sector, including ASUU, government, students, and parents to ensure that schools are opened. Nigeria cannot meet the development agenda if it continues with the incessant strike by workers.”

He advised workers to always exhaust social dialogue to resolve issues, warning that they should not use strike as a weapon to fight for their rights.

Also, the National Universities Commission has blamed the delay in the take-off of projects on the delay in disbursement of funds by the Central Bank of Nigeria, the industrial actions by university-based unions, and the revised budget system in 2022.

The NUC Coordinator, Special Projects, Dr. Joshua Atah, disclosed this while giving an update on the work plan of the Federal Government’s Sustainable Procurement Environmental and Social Standards Enhancement project.

Attah, in the NUC’s bulletin made available to The PUNCH on Sunday in Abuja, was quoted as saying that the commission is engaging with stakeholders to ensure the smooth running of the project.

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BREAKING: EFCC Declares Yahaya Bello Wanted [PHOTO]

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Yahaya Bello, the former governor of Kogi state, has been declared wanted by the EFCC.

He reportedly evaded arrest yesterday when the commission visited his home to enforce arrest.

More to come…

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Hydrogen, CCHub Partner To Encourage Fintech Startup Success

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As the country faces economic challenges, the need for adaptive strategies in the fintech industry becomes paramount. In line with this, leading fintech startup Hydrogen Payment Services Limited (‘Hydrogen’) has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed ‘Adapting Fintech Business Models to Economic Climates’.

The event is set to take place on Thursday, April 18, 2024, from 12:00 a.m. WAT at the CCHub office in Sabo, Lagos, will delve deep into the intricacies of Nigerian economic challenges and how these influence the fintech ecosystem. Participants will gain actionable insights on how to adapt fintech business models to volatile economic conditions by prioritising flexibility, agility, and customer-centricity.

This collaboration underscores the shared commitment of both entities to empower aspiring founders venturing into the fintech space amidst economic uncertainties. By leveraging their respective expertise and resources, Hydrogen and CcHub aim to equip
emerging entrepreneurs with the knowledge, tools, and support needed to thrive in today’s dynamic economic conditions.

Emeka Awagu, Chief Technology Officer at Hydrogen, commented on the strategic partnership with CcHUB: “Our alliance with CcHUB amplifies our shared commitment to pioneering transformative solutions in the Nigerian fintech sector. By leveraging Hydrogen’s technological expertise alongside CcHU’s innovative approach, we are primed to set a new standard for fintech excellence and drive impactful change across the industry.”

The event will feature a distinguished panel of industry experts and thought leaders. including Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo; Emeka Awagu, Chief Technology Officer, Hydrogen; and Miracle Ezechi, Digital Marketing Manager, Hydrogen.

The panel discussion will be moderated to encourage an engaging and insightful conversation on the strategies and innovations required to thrive in the Nigerian fintech landscape amidst economic challenges.

Interested attendees are encouraged to register here and reserve a spot.

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ECONOMY: CBN Not Using Foreign Reserves To Defend Naira — Olayemi Cardoso

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The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, asserts that the nation is not defending the value of the naira with its foreign reserves.

He made this known on Wednesday in Washington, DC, where he is attending the International Monetary Fund-World Bank Spring Meetings.

Cardoso said $600 million came into Nigeria’s reserves account within the last two days.

The naira has appreciated against the dollar in recent weeks, gaining over 40%, from about N1,900/$ to about N1,000/$1 now. But while the naira rebound, Nigeria’s foreign reserves are dwindling, dropping to about $32.29 billion on April 15 — the lowest level in over six years.

Cardoso said, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where for example, debt is due and certain payments need to be made because that is also part of keeping your credibility.

“Other times money comes in, it takes it up again. Between yesterday and today, about $600 million came into the reserves account. We are looking towards a market that operates by itself, willing buyers, willing sellers and price discovery.

“The shift in our reserves has really little or nothing to do with defending naira and that is certainly not our objective.”

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