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Minimum Wage: NLC, TUC Begin Strike, ’Morrow
Barring any last minute change of plans, organised labour in the country would embark on a warning strike, tomorrow (Thursday), to protest government’s delay in arriving at a new national minimum wage for the country.
In a two-paragraph statement, yesterday, General Secretary of the Nigeria Labour Congress (NLC), Dr. Peter Ozo-Eson informed all industrial unions in the country and state councils to immediately begin the mobilization of their members in readiness for the warning strike which May later snowball into a full blown industrial action.
The statement reads: “This is to inform you that the Organised Labour shall commence nationwide warning strike in respect of the non implementation of the National Minimum Wage effective midnight of Wednesday, 26th September, 2018.
“All industrial unions and all state councils are to commence mobilisation immediately for an effective strike action nationwide. A formal notification letter will be sent later in the day”.
Similarly, the Trade Union Congress (TUC), yesterday, insisted that organised labour would commence strike from early hours of today, following the Federal Government’s failure to honour its ultimatum on the new minimum wage.
A statement signed by the Secretary-General of the union, Mr Musa-Lawal Ozigi, in Abuja, stated that the decision to embark on strike was sequel to the resolve of the Central Working Committee of TUC on September 24.
Ozigi said that following the mandate of the CWC, TUC leadership would take all necessary action to effect the ultimatum on the new minimum wage in collaboration with other stakeholders.
“Strike is hereby declared to commence from early hours of Thursday, September 27, 2018,” the secretary-general said.
He noted that as a result of the TUC’s decision to embark on strike, mobilisation of members would commence immediately.
According to him, all workers, Civil Society Organisations and the masses are hereby put on notice to stockpile their houses for all necessary provisions and food items.
Ozigi, however, called on state councils to form joint state strike implementation committee that would comprise the TUC, NLC and other stakeholders in the state to ensure effectiveness.
He called on union members to be alert for further directive on or before Thursday.
The labour leaders had on September 12 cautioned the Federal Government against foot-dragging on the new minimum wage and allow the tripartite committee to conclude its job to avoid action.
The NLC President, Mr Ayuba Wabba, had said that the committee was not pleased with the comments allegedly made by the Minister of Labour and Employment, Dr Chris Ngige.
The minister had earlier told the committee to adjourn indefinitely to give room for further consultations with the government on the new minimum wage.
The Federal Government had assured the organised Labour that the Tripartite Committee on the National Minimum Wage would conclude its negotiation before the expiration of the 14-day ultimatum.
President Muhammadu Buhari had in November, 2017 inaugurated a tripartite committee to discuss and arrive at a new national minimum wage for the country, while the committee began sitting in March 2018.
Also, the Minister of Labour and Employment, Senator Chris Ngige told the nation in February during the 40th anniversary celebration of the Nigeria Labour Congress (NLC) that the committee will conclude its report before the end of the third quarter.
However, at a meeting where the committee was to finalize its work, the minister reported announced that the government needed more time to consult before arriving at a figure which will be discussed by the committee, while the meeting was adjourned indefinitely.
The position of the minister angered Organised Labour, promptly accused the minister and the government of delaying the process, and issued a two weeks ultimatum for government to recall the committee and conclude negotiation or face an industrial action.
Although the Vice President, Prof Yemi Osinbajo was said to have called for a meeting to address the issue with a view to avoiding any industrial action, it was gathered that Organised Labour was not invited to the meeting.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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