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Minimum Wage Saga: FG Transmits Bill To NASS, Jan 23 …As ASUU Suspends Strike
The Federal Government says the National Minimum Wage Bill will be transmitted to the National Assembly on or before January 23, 2019.
The Minister of Labour and Employment, Senator Chris Ngige, said this while speaking with newsmen after a closed-door meeting with the leadership of organised labour yesterday in Abuja.
Ngige said that the Federal Government and the organised labour had signed a Memorandum of Understanding that on or before January 23, the National Minimum Wage Bill would be sent to the National Assembly.
“On the part of government, we are going to try to religiously implement all the processes that will enable us to transmit this bill within the stipulated time.
“We have a target time of January 23, and we hope that all things being equal, the executive will be able to do so.
“We will take on the statutory meetings of the Federal Executive Council, National Economic Council and the National Council of States to enable us to transmit the bill on the new national minimum wage.”
The minister, while commending labour for its cooperation and understanding, called for the withdrawal of the threat of an industrial action, saying that it was no longer necessary.
Also speaking with newsmen, Nigeria Labour Congress (NLC) President, Ayuba Wabba, said they had agreed that on or before January23, the bill would be transmitted to the National Assembly.
“We have agreed that the agreement reached should be documented and it should be signed by government representatives and organised labour; we thought that is a more firm commitment.
“We believe with this, we can actually start following up the process; we have asked them to keep faith with the timeline, so that it will be concluded, as the minimum wage issue has been on the table for the past two years.
“We also thought that after having submitted the report and also drafted a draft, the bill, by now, we expected that it should have been submitted.”
He also noted that the NASS would resume from their recess on January 16 and that since the legislators were desirous of ensuring that Nigerian workers earned decent wage, they would also do the needful.
“We will shift our lobby to the NASS because once the bill is enacted, the money will be in the pockets of the workers.
“The issue of industrial relations is always addressed at the round-table. We have been diligent in the whole process and workers have been patient.
“So, we are committed to the process and hope that the timeline will be respected. “We will put this across to our organs and give them all the details contained in the Memorandum of Understanding,’’ Wabba said.
Meanwhile, organised labour, yesterday in Abuja, urged President Muhammadu Buhari to immediately transmit the new National Minimum Wage Bill to the National Assembly.
President of Nigeria Labour Congress(NLC), Mr Ayuba Wabba, made the call at a protest rally. The National Executive Council of NLC had threatened to embark on a nationwide protest on Jan. 8 if the Federal Government fails to send the Tripartite Committee Report on N30,000 Minimum Wage bill to NASS.
The organised labour gave the ultimatum following President Muhammadu Buhari’s statement that a “high powered technical committee,” would be set up to device ways to ensure that its implementation did not lead to an increase in the level of borrowing.
Wabba said the protest rally served as a warning to the Federal Government before a nationwide strike if government continued to delay the transmission of the Minimum Wage Bill to the National Assembly.
According to Wabba, “workers’ welfare and wellbeing must be paramount, that was why we insist this rally must take place across the length and breadth of the country.
“Today, in every government house in Nigeria, the protest is taking place, and here we are in the office of the Minister of the FCT.
“We want to say that workers are very central to economic development and very central to the prosperity of any country and therefore we cannot be described as the tiny minority.
“Workers are very productive, we built the Nigerian economy, we fought for democracy, rule of law and good governance and there is no way we can be described as tiny minority, as we service the entire country.
“So, workers must be able to take care of their families, send their children to school. But today, workers are not able to feed three times a day or send their children to school.
“Because minimum wage of N18,000 is no longer realistic to take care of workers’ needs,’’ he said.
Wabba said that N30,000 was agreed on, adding that Nigerian economy is capable of sustaining the new minimum wage.
“We are here to submit our letter of protest and demand like our states councils are doing in their various states right now, to the FCTA Minister for onward transmission to Mr President.
“We want to call on Mr President for the onward transmission of the bill to the National Assembly as the protest rally served as a warning before a nationwide strike,’’ he said.
Mr Amechi Asugwah, the President, Construction and Wood Workers Union of Nigeria, who spoke, decried government’s posture towards the implementation of the national minimum wage.
He said that workers decided to take the action, because they “ have waited more than enough, and we are running out of patience.
“As a matter of fact, we do not need to serve another notice before embarking on a nationwide strike.
“We have decided to take strong action to drive the issue of the minimum wage as it concerns workers in the country, “he added. Mr Lazarus Gaza, Head of Human Resources in the FCTA, who received the protest letter from the NLC president, assured that the letter would be delivered accordingly.
Senator Shehu Sani, who represents Kaduna Central, said he was there to lend his support for the struggle for the new national minimum wage.
Meanwhile, the Minister of Labour and Employment, Chris Ngige, and representatives of Academic Staff Union of Universities (ASUU) have risen from a meeting with both parties agreeding to put an end to the ongoing ASUU strike in order to give the Federal Government time to sort out the subsidy issue with Nigerian Labour Congress (NLC).
The Federal Government has also agreed to meet some of ASUU’s demands.
In the interim, ASUU has suspended its strike but vowed to embark on a six-month strike if the agreements reached are not implemented.
“We urge all students and lecturers to return to their respective schools from (Wednesday) 9th of January,” the union said in a statement.
The Federal Government had, last Monday reached an agreement with members of the Academic Staff Union of Universities (ASUU).
The Minister of Labour and Employment, Chris Ngige, made this known after the meeting with the union in Abuja.
Ngige said the majority of their demands have been met, including the release of N15.4 billion for payment of salary shortfalls.
He said, “On the issue of salaries in tertiary institutions, especially in universities, the Ministry of Finance and the Office of the Accountant- General provided evidence that as at December 31, 2018 the Federal Government had remitted N15.4 billon.
“Also on the issue of Earned Allowances in the universities system, they also showed us evidence that Mr President has approved the N20 billion to be used to offset the outstanding arrears of the 2009 and 2012, audit verified earnings, in the university system.
“This money is being worked on, and will be released to ASUU as soon as the process is completed.
“ASUU has fulfilled its own side of the bargain in terms of NUPECO, which is the Pension Fund Administration company that ASUU has floated to take care of pension for people in the university system.
“The Pension regulator, the PENCOM, has asked certain positions to be fulfilled and they gave ASUU a temporary licence, which has expired.
“ASUU has submitted all the documents and fulfilled all conditions needed to get their licence,” he said.
Ngige noted that the meeting had resolved to mandate the Ministry of Education to get in touch with PENCOM to make sure that the permanent license was issued to ASUU as soon as possible.
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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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