Business
New Minimum Wage: NLC Boils For Strike
The National Executive Council (NEC) of the Nigeria Labour Congress (NLC) last Wednesday in Abuja, said it would commence a three-day warning strike from November 10 to November 12.
This was contained in a communiqué issued and signed by Mr Abdulwahed Omar and Mr John Odah, President and General Secretary of the NLC, respectively at the end of its NEC meeting.
The communiqué said that NEC condemned the delay in the implementation of a new national minimum wage since the conclusion of negotiations early this year.
It also said it resolved to give the Federal Government a 14-day statutory notice after which it would embark on the warning strike if the new wage was not implemented.
The council said that this was as a result of government’s reluctance to implement the wage several months after the negotiations ended and recommendations made.
“NEC also observed that there is a deliberate connivance between government and the private sector to scuttle the implementation of a new national minimum wage.
“It has therefore, directed that a National Minimum Wage Strike Committee be set up to drive the process for intensive mobilisation for a very successful strike,” the communiqué said.
According to the communiqué, the council also noted the increasing insecurity in the country and called on the political leadership of the country to, as a matter of urgency, overhaul and restructure the security agencies to make them more proactive in their operations.
It also resolved that it would give its maximum support to the new INEC Chairman to achieve credible, free and fair elections in 2011.
“NEC further resolved to embark on a campaign for the sack of Mrs Ayoka Adebayo as Resident Electoral Commissioner of Ondo State given her role in the re-run Ekiti governorship elections which attracted severe reprimand from the Appeal Court Justices that nullified the election of Segun Oni,” it added.
The communique also said that to discourage rigging and other electoral offences which led to the nullification of some elections, Congress would mobilise its allies to campaign for the criminalisation of electoral offences with very stiff penalties.
“NEC also resolved that as part of its voter education and sensitisation programmes, Congress will organise a parley for presidential as well as governorship candidates as well as monitor the electoral processes from voters’ registration to the actual voting in 2011,” it said.
The communiqué further disclosed that NEC deliberated on the sack of 46 teachers at Community Secondary School, Asokoro, Abuja by the authorities of the State Security Service (SSS) to frustrate unionisation of teachers in the school and condemned the sack by the school’s management.
It added that NEC-in-Session noted with concern the fate of pensioners, following the centralised biometric enrolment exercise ordered by the Head of the Service of the Federation (HOSF), Mr Steve Oronsaye, stressing that NEC would seek audience with the HOSF one-on-one in order to resolve the issues.
It also expressed concern over the refusal of government to pay 12-15 per cent pension arrears to pensioners, despite the reflection of same in the 2010 budget and the fact that the Army and Para-military organisations were already enjoying uninterrupted payment of the salary increase.
NEC condemned the Governors of the Eastern states for allowing the strike in their state universities to drag on for months without showing any commitment to ending the dispute.
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with a firm, Sweetcrude Ltd., has announced detailed selection criteria for the inaugural “Champions of Nigerian Content Awards”, designed to honor outstanding contributions to local content development in Nigeria’s oil and gas sector.
The Tide learnt that the event, scheduled to hold 21st May, 2025, at the NCDMB’S content tower headquarters in Yenagoa, capital of Bayelsa State, will recognize individuals and organizations that have demonstrated exceptional commitment to advancing Nigerian Content in 2024.
The Tide further gathered that the ceremony will coincide with the Nigerian Oil and Gas Opportunity Fair (NOGOF), which promises to spotlighting industry excellence and contributions to national economic transformation.
A statement by the Board’s Directorate of Corporate Communications and Zonal Coordination says the event has 12 Award Categories, which include, “Nigerian Content Icon of the Year”, “Nigerian Content Lifetime Achievement Award”, “Nigerian Content International Upstream Operator of the year”, and the “Nigerian Content Independent Upstream Operator of the year”.
Others are, “Nigerian Content Midstream Operator of the year”, “Nigerian Content Downstream Operator of the year”, “Nigerian Content International Service Company of the year”, Nigerian Content Indigenous Service Company of the year”, and the “Nigerian Content Innovator of the year”.
Also included are, “Nigerian Content Financial Services Provider of the year”, “Nigerian Content Media Organization of the year”, and “Women in Leadership Award for Promoting Gender Equality and Empowerment”.
According to the NCDMB, the criteria for oil and gas operators will include key and empirical benchmarks such as Production output for crude oil and gas volumes, Compliance with Nigerian Content Plans (NCPs) and Nigerian Content Compliance Certificates (NCCCs).
Other criteria are adherence to NOGICD Act reporting requirements, such as submission of Nigerian Content Performance Reports and Employment & Training Plans.
The Board’s statement added that similar criteria will apply to financial institutions, media organizations, and individuals, ensuring a transparent and merit-based selection process.
“Winners for the Nigerian Content Icon of the Year, Innovator of the Year, and Women in Leadership Award will also be selected based on measurable performance indicators.
“The Advisory Committee of Industry Titans will Oversee the process to uphold the prestige of awards. The Committee consist of distinguished experts set up to oversee nominations and validate winners”, the NCDMB said.
Members of the committee, according to the Board, include: Pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa; Secretary-General, African Petroleum Producers Organization, Dr. Omar Farouk; and former Zonal Operations Controller, DPR, Mr. Woke Akinyosoye.
The Statement quoted the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, as emphasizing that the awards aim to becoming the oil and gas sector’s equivalent of the Oscars, celebrating genuine impact rather than mere participation.
“This recognition is reserved for those who have gone beyond compliance to drive tangible growth in Nigerian Content.
“With a focus on credibility, compliance, and measurable impact, the Champions of Nigerian Content Awards is poised to set a new standard for excellence in Nigeria’s energy sector”, the NCDMB Executive Scribe said.
By: Ariwera Ibibo-Howells, Yenagoa
Nigeria’s apex Banking institution, Central Bank of Nigeria (CBN), has declared that Federal Government’s debt servicing increased to N696billion in January 2025.
The CBN’s recently published Economic Report revealed a precarious fiscal position, which worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin.
According to the report, the Federal Government’s debt servicing obligations for the month stood at N696.27bn, while total retained revenue amounted to only N483.47bn, indicating that debt service alone consumed about 144 per cent of all government earnings.
This development highlights the growing debt burden and dwindling fiscal space facing Africa’s largest economy.
According to the report, despite slight improvements in some revenue categories, the retained earnings were grossly inadequate to cover obligatory debt repayments, exposing the government’s continued reliance on borrowing to meet basic obligations.
The report further revealed that retained revenue in January 2025 only recorded a marginal 0.89 per cent increase when compared with the N479.21bn generated in the corresponding month of 2024.
”FGN retained revenue declined in the review period, owing largely to lower receipts from Federal Government Independent Revenue and FGN’s share of exchange gain.
“At N0.48tn, provisional FGN retained revenue was 69.19 and 70.40 per cent below the levels recorded in the preceding period and monthly target, respectively”, it revealed.
While this points to stagnation rather than growth, the marginal rise was wiped out by the overwhelming debt service obligations.
The retained revenue components showed that the Federation Account contributed N167.69bn, while the VAT Pool Account delivered N90.73bn.
By: Corlins Walter
The Federal Government has announced plans to commence the payment of the outstanding N35,000 wage award arrears owed workers in the Federal Civil Service.
A statement issued by the Office of the Accountant-General of the Federation (AGF), which was signed by the Director of Press and Public Relations, Bawa Mokwa, said the outstanding arrears will be paid in instalments, with workers set to receive N35,000 per month for five months.
It clarified that the first tranche of the wage award arrears would be released immediately after the April salary payment.
“The wage award arrears was not paid with the April 2025 salary; it will come immediately after the salary is paid”, the statement read.
The Federal Government had earlier disbursed wage awards to federal workers for five months as part of efforts to cushion the impact of economic reforms. However, five months’ arrears remained unpaid.
The AGF office further reiterated the government’s commitment to fully implementing all policies and agreements relating to staff remuneration and welfare, noting that such efforts were geared towards enhancing productivity and operational efficiency across ministries, departments, and agencies.
The N35,000 wage award was introduced in 2023 as a palliative measure to support workers following the removal of the petrol subsidy and other economic adjustments.
In January this year, the Federal Government assured workers that it would clear the arrears of the N35,000 wage award, just as it also said the government had resumed the payment of the wage award.
The government also reiterated its commitment to addressing issues in the National Minimum Wage agreement reached with the Organised Labour in 2023.
The Minister of Labour and Employment, Nkeiruka Onyejeocha, had disclosed the government’s commitment towards implementing agreements with trade unions during separate meetings with the leadership of the Trade Union Congress and Congress of University Academics, in Abuja.
The Nigeria Labour Congress had criticised the Federal Government over the delay in the payment of the minimum wage for certain workers in the federal civil service.
Also, the Federal Government had earlier blamed the delay in payment on the prolonged approval of the 2025 budget.
By: Corlins Walter