Business

Minimum Wage: We’ll Not Condone Retrenchment – NLC

Published

6 years ago

January 23, 2020

Chairman of the Nigeria Labour Congress (NLC), Ondo State chapter, Comrade Sunday Adeleye-Oluwole, has declared that the union would not agree to retrenchment of workers in the ongoing negotiations with the state government on the new minimum wage.
Speaking in Akure yesterday, Comrade Adeleye-Oluwole revealed that the negotiation on the N30, 000 new minimum wage, which was suspended during the Yuletide, has resumed.
He disclosed that the negotiation is 85 percent concluded, explaining that the negotiation dragged on for long because the organised labour led by JNC, NLC and TUC wanted to ensure a better package for the workers and pensioners.
He said the process may be concluded before the end of this week.
According to him, the organised labour is giving the new salary tables on minimum wage presented by the state government critical study with a view to ensuring the agreed new salaries would not lead to irregular payment, mass retrenchment as well as ensuring it is sustainable.
He stated that the new minimum wage would capture special allowances for the media, judiciary, parliamentary and health workers.
Adeleye-Oluwole appealed to the state workforce to remain patient as the negotiation has got to final stage.
He said: “The negotiation is not led by Nigeria Labour Congress but by the Joint Negotiating Council as prescribed by the National Headquarters of NLC and TUC. We are just supporting the JNC and that was what we had been doing and I want to say that in the last two months, the JNC in its wisdom set up negotiation committee, and ever since then, we have met more than seven times.
“So, JNC has a final say concerning this minimum wage. But as at now, based on what happened today (Tuesday), we have got to 85 percent completion. Also, pensioners are being carried along because we believe that all of us will become pensioners.
“From what I have been doing, I can say that before this week runs out, we should be able to come out with specific table and we are working on five different tables for Judiciary, Parliament, Media workers, call services, Health sector and the services have their own peculiar allowances. So, we are working now on five structures, including pensioners making it six.
“In the spirit of negotiation, what we really need is to know the data, how much is coming from Ondo State, which we have got and we also look at the present salary wage bill.
“As labour leaders, we are not elected to sign what will cause our workers to be retrenched. Last month, office of the Accountant General was so frustrated that he called us and showed to us (all labour leaders) how they got money to pay November (2019) salary and even at the minimum wage (negotiation) table, it was stated to everyone of us.
“My advice to JNC as NLC leader is, don’t sign what can lead to retrenchment of our members because I don’t have the final position, it’s JNC that has the final position on the new minimum wage.”
Speaking on the payment of arrears to workers by the state government, Comrade Adeleye-Oluwole explained that, “but not until we are settled in the (negotiation) table then we can’t discuss the arrears (of the minimum wage), we have not got to that level.
“In any minimum wage, it would be stated clearly that this minimum wage will not lead to retrenchment. All those who are involved in the negotiation would not be victimised or intimidated and the government will continue prompt payment of the salary and sustaining it.”

Business

PENGASSAN Tasks Multinationals On Workers’ Salary Increase

Published

1 week ago

December 8, 2025

The Tide

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.

Business

SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

Published

1 week ago

December 8, 2025

The Tide

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.

Business

NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products

Published

1 week ago

December 8, 2025

The Tide

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