Business
NJIC, Stakeholders Sign Agreement On Dockworkers’ Wages
In order to ensure a better working relationship in Nigerian ports, the National Joint Industrial Council (NJIC) has signed a collective bargaining agreement for the increment of dock workers’ wages. NJIC is the body responsible for negotiating and reviewing of minimum standards for dock labour.
The agreement was reached at the inaugural meeting of the NJIC at the Nigerian Maritime Administration and Safety Agency (NIMASA) in Lagos recently.
The Executive Director, Maritime Labour and Cabotage Services, NIMASA, Mr. Gambo Ahmed who presided over said that the dock workers have improved in their capacity.
Gambo Ahmed who doubles as the Chairman of the NJIC, reinstated the agency commitment to the welfare of dock workers in the maritime industry.
NJIC in a statement made available to The Tide in Port Harcourt noted that the welfare of the dock workers would impact a lot on the ports industry and also in turn the entire economy.
Also speaking at the signing of the CBA, the President General of the Nigerian Maritime Workers Union (MWUN), Comrade Adewale Adeyanju said that with the agreement, dock workers have all reason to smile home at the end of the month.
According to him, “With this agreement there is a structure put in place by the stakeholders here today. So if the dock worker is going home now he knows he is going home with something better. Adeyànju said
“Unlike in the past where dock workers were just picked on the roads and given whatever pay, but with this structure put in place , I think the dock workers have every reason to smile home”.
Earlier, Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Dr. Princess Vicky Haastrup said the collective bargaining agreement will spur the dock workers to perform better as the welfare of the dock workers is well catered for in the agreement.
According to her: “This agreement I believe will spur the dock workers to perform better than they have always done, because this agreement actually takes care of the wages and the conditions of service of dock workers in Nigeria are adequately catered for in the agreement which the terminal operators are really excited to do. It will also improve the quality of life of the dock workers.
“The port in Nigeria was concessioned in year 2006 and the average income of dock workers then was N5000, which I found ridiculous because N5000 will not pay their transport fair, not to talk about paying for their everyday expenses.
Chinedu Wosu
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.