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TUC Urges FG To Increase Minimum Wage From N30,000 To N200,000 Before The End Of June

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TUC has advised FG to raise the minimum salary for employees to N200,000 in order to mitigate the effects of subsidy removal.

The grievances over the removal of fuel subsidy by the Federal Government may have assumed a new dimension, as the Trade Union Congress of Nigeria has demanded an increase in the national minimum wage from N30,000 to N200,000.

It was gathered that all the demands raised by TUC have already been forwarded to the government at Sunday’s meeting that was held at the Presidential Villa.

A list of other demands is contained in a joint statement signed by Comrade Festus Osifo, President TUC and Comrade Nuhu Abba Toro, Secretary General, respectively.

TUC also wants the government to revert to the old fuel pump prices of N195 per litre while negotiations continue.

“The minimum wage should be increased from the current N30,000 to N200,000 before the end of June 2023, with consequential adjustments to the Cost of Living Allowance (COLA), like feeding, transport and housing,” TUC stated.

The union said a representative of state governors will be party to this new minimum wage and all the governors must commit to implementing the new wage.

It also wants a tax holiday for employees both in government and private sector that earn less than N200,000 or 500USD monthly, whichever is higher.

“We want PMS allowance to be introduced for those earning between N200,000 to N500,000 or 500 USD to 1,200 USD, whichever is higher.

“The exchange rate for retailing PMS in the country must be kept within a limit of +- 2% for the next ten years. Where the fluctuation is more than 2%, the minimum wage will automatically increase at the same rate.

“Setting up an intervention fund where the government will be paying N10 per liter on all locally consumed PMS. The primary purpose of this fund is to solve perennial and protracted national issues in education, health and housing. A governance structure that will include labour, civil society and government will be put in place to manage the implementation.

“The federal government should provide mass transit vehicles for all categories of the populace.

“State governments should immediately set up a subsidized transportation system to reduce the pressure on workers and students. The framework around this will be worked out.

“Immediate review of the National Health Insurance Scheme to cover more Nigerians and prevent out-of-stock drugs.

“Visitation of the refineries that are currently undergoing rehabilitation to ascertain the state of work and set up a timeline for its completion.

“The president should direct whoever will be labour minister to immediately constitute the National Labour Advisory Council (NLAC). This platform will be used by the government, labour, and employers to discuss issues and policies of the government that may affect workers and all other mandates as specified in the law.

“Provision of subsidy directly for food items, the 800 million dollars could be a first step.

“The existing National Housing Fund (NHF) should be made accessible to genuine workers; the framework on this must be discussed and agreed upon.

“Medium Term, Deployment of Compressed Natural Gas (CNG) across the country in line with the earlier promise made by the government. The framework and timeline will be developed as agreed upon by both parties.

“Labour and government to design a framework that will be geared towards the reduction of the cost of governance by 15% in 2024 and 30% by 2025.

“A framework should be immediately put in place to maintain the road and expand the rail networks across the country. The government must design a framework for social housing policy for workers through the rent-to-own system.

“The state of electricity in the country must be appraised and an action plan should be defined with time lines on how to get this fixed. A strong monitoring team comprising all parties will be constituted,” the statement added.

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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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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