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…As Reactions Trail N56,000 Proposal

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In commemoration of this
year’s Workers’ Day, the labour movements in Nigeria, made a N56,000 minimum wage demand on the  government.
This demand, which should by all means please Nigerian workers, has however  raised mixed  reactions from the same  workers who would supposedly benefit from it.
An assistant  director  with the state ministry of Agriculture, Mr. Jonah  Isikima, sarcastically applauded  the move by labour  and asked, “where have these labour leaders been. Is it that they are  hard of hearing  or  have  not been in this country?
“Much as  I would benefit if implemented, but lets be realistic. The monthly federal allocation to this state for example is N2 billion short of salary bill of the state as we are told, so where does labour expect the government  to  get the  money to meet  this their  incredulous demand,” he continued.
Isikima pointed out that many states for the past one year have not been able to regularly pay the current N18,000 minimum wage “And now they ask government to pay N56,000, well my take is that  they want the usually settlement for themselves not for the workers they represent.
“We know that the present day  Nigerian labour leaders  are completedly compromised”,  was the  response of Mr Sunny Dede, a staff of Nigeria Ports Authority.
Dede noted that, “gone are the  days when labour unions truly represented Nigerian workers and worked for their wellbeing . now, what  they do is make unnecessary noise and   give altimatums so  that their palms would be greased otherwise, how do you  explain  this demand? Oil , our economic mainstay has taken  a nose dive for the past one year and we hear that it would remain so  for a while  and now this demand for a new minimum wage of N56,000. This is not realistic at all.
Another respondent, Mrs Ibifubara Inetimi,  a Rivers -born teacher in Bayelsa State, stated,  “what labour should think of doing in the present situation  is to make government devise ways of increasing the purchasing power of our Naira and seek  her welfare packages like improved healthcare  system, power supply, make petrol available to workers  than this unattainable demand. Some of us  in Bayelsa have not been paid for about eight months, where would the money come to pay arrears  before paying new minimum wage, we will enjoy it, but  it is not a demand  for now.
“Labour is obviously disconnected from the reality on ground. You and I know that  many states are yet to pay the current minimum wage, this  simply means that the demand, will not fly with the  government, given  the current economic situation unless labour  is prepared  to prune the work force generally to 30 per cent across the country, then the new minimum wage  could be paid, says Mr Romanus Chinedu, a businessman.
Chinedu lamented  that, “it is unfortunate that labour has deviated from  course  of  fighting for the good of Nigerian workers, now a days, they fight  for their  good only.
For Mrs. Kano Kpandei, a local government  staff,  it is a good move that should be accepted  and  implemented by the  federal government, saying, ” after all,  the politician  who has  never worked in his life is receiving much more than that, so whig  shouldn’t  the workers who break their backs everyday to ensure  that the  country is run smoothy not have just a little  bit of their  labour.

 

Tonye Nria-Dppa

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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