Business

Wage Increase: Delta Workers Shelve Strike

Published

15 years ago

March 9, 2011

The Joint Negotiating Council (JNC) of Delta State Public Service has suspended its strike action, one day into the indefinite strike called over some issues with the State Government.

The chairman of the Council (Union Side) Comrade Tony Toki, who announced the suspension of the strikes Saturday shortly after a meeting with the State Governor, Dr. Emmanuel Uduaghan, directed workers to resume work on Monday.

Workers in the state had embarked on strike over non payment of the new harmonised and consolidated public service salary structure (relativity salary), contributory pension scheme, and failure by the state government to absorb casual workers among other issues.

The chairman disclosed that a committee has been set up to work out the details of the agreement, but warned that the strike will resume if government and the negotiating team failed to reach an agreement.

His words “we have suspended the strike and workers in the state should resume work on Monday”

Speaking in the same vein the vice chairman of the Delta State Public Service Joint Negotiating Council Comrade Oweijifogha Menone said the strike was suspended to allow Government and labour meet and come out with positive action.

Comrade Menone said the period will be used to work out the nitty gritty and document properly the agreement reached.

He commended the workforce for demonstrating solidarity, maturity and peaceful disposition towards the strike.

The vice chairman also expressed appreciation to the State Government for its labour friendly attitude.

Government’s official activity in the Delta State public service had been paralysed as workers in the state embarked on an indefinite strike action as schools, public offices, including ministries and parastatals were closed down.

Delta State governor, Dr. Emmanuel Uduaghan had complained that funds accruing to the state was meagre and would seek for funds from the capital market to meet the new salary structure for workers in the state.

“I don’t know what to do. The funds coming to the state are not enough. It is even worse now that salaries are being increased at will. When I became governor in 2007, the wage bill was not up to N3 billion but now, for the state and its 25 LGAs to function, there must be a review of the formula, so that we can pay the new salary.”

The workers’ strike action, which was indefinite, commenced on Friday 4th March 2011, following failure of the state governor, Dr. Emmanuel Uduaghan or his agents to meet with labour unions to address the lingering and unresolved issues of workers’ welfare in the state.

The JNC/JAC statement had said, “We wish to refer to the various fruitless efforts made by the Delta State Public Service Joint Negotiating Council (JNC) to meet with His Excellency, the Governor with a view to resolving the grievances of workers which border on a number of welfare issues and to inform His Excellency the Governor that JNC has met and finally resolved that the Delta State Government should meet the demands of the workers of the Delta State public service.”

The Joint Negotiating Council (JNC) had earlier issued an ultimatum to the Governor of Delta State, Dr. Emmanuel Uduaghan to hasten the processes of ensuring that the demands of every worker in the state public service are met within 14 days from Friday 18th February 2011.

The ultimatum issued by nine affiliate unions warned that “in the event of the state Government’s inability to meet the demands, JNC will not be able to restrain the restive workers from proceeding on an indefinite strike action with effect from Friday 4th March 2011″.

The suspended strike action was called at the instance of the Joint Action Congress (JAC) and the Joint Negotiating Council (JNC) of labour unions in the state, which include the Association of Senior Civil Servants of Nigeria (ASCSN), Nigeria Civil Service Union (NCSU), Amalgamated Union of Public Corporations Civil Service Technical and Recreational Employees (AUPCCTRE), Agricultural and Allied Employees Union (AAEU), Medical and Health Workers Union of Nigeria (MHWUN), National Union of Printing Publishing and Paper Products Workers (NUPPPPROW), National Union of Civil Service Secretarial and Allied Workers (NUCSSAW), Radio Television Theatre and Arts Workers Union (RATTAWU) as well as the Nigeria Union of Journalists (NUJ).

Business

FIRS Clarifies New Tax Laws, Debunks Levy Misconceptions

Published

2 days ago

December 5, 2025

The Tide

The Federal Inland Revenue Service has said that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments, and improve long-term fiscal stability.

The agency also clarified that the much-debated four per cent development levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of several existing levies.

According a statement released Wednesday, one of the most misunderstood elements of the new tax framework is the four per cent development levy with the agency explaining that the levy replaces a range of fragmented charges — such as the Tertiary Education Tax, NITDA Levy, NASENI Levy and Police Trust Fund Levy — that businesses previously paid separately.

This consolidation, it said, reduces compliance costs, eliminates unpredictability and ends the era of multiple agency-driven levies. The law also exempts small businesses and non-resident companies, offering protection to firms most vulnerable to economic shocks.

Another major clarification relates to Free Trade Zones. Earlier commentary had suggested that the government was rolling back the incentives that have attracted export-oriented investors for decades. However, the reforms maintain the tax-exempt status of FTZ enterprises and introduce clearer guidelines to preserve the purpose of the zones.

“Under the new rules, FTZ companies can sell up to 25 per cent of their output into the domestic market without losing tax exemptions. A three-year transition period has also been provided to allow firms to adjust smoothly.

“Government officials say the reforms aim to curb abuses where companies used FTZ licences to evade domestic taxes while competing within the Nigerian market”, it said.

With the new measures, Nigeria aligns with global FTZ models in places like the UAE and Malaysia, where the zones function primarily as export hubs for logistics, manufacturing and technology.

The introduction of a 15 per cent minimum Effective Tax Rate for large multinational and domestic companies has also been met with public concern. But the FIRS notes that this policy aligns with a global tax agreement endorsed by over 140 countries under the OECD/G20 framework.

Without this adoption, Nigeria risked losing revenue to other countries through the “Top-Up Tax” mechanism, where the home country of a multinational collects the difference when a host country charges below 15 per cent. By localising the rule, Nigeria ensures that tax revenue from multinational operations remains within its borders.

Business

CBN Revises Cash Withdrawal Rules January 2026, Ends Special Authorisation

Published

2 days ago

December 5, 2025

The Tide

The Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, discontinuing the special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly, with effect from January 2026.

In a circular released Tuesday, December 2, 2025, and signed by the Director, Financial Policy & Regulation Department, FIRS, Dr. Rita I. Sike, the apex bank explained that previous cash policies had been introduced over the years in response to evolving circumstances.

However, with time, the need has arisen to streamline these provisions to reflect present-day realities.

The statement said the new set of cash-related policies is designed to reduce the cost of cash management, strengthen security, and curb money laundering risks associated with the economy’s heavy reliance on physical currency.

“These policies, issued over the years in response to evolving circumstances in cash management, sought to reduce cash usage and encourage accelerated adoption of other payment options, particularly electronic payment channels.

“With the effluxion of time, the need has arisen to streamline the provisions of these policies to reflect present-day realities,”

“Effective January 1, 2026, individuals will be allowed to withdraw up to N500,000 weekly across all channels, while corporate entities will be limited to N5 million”, it said.

According to the statement, withdrawals above these thresholds would attract excess withdrawal fees of three percent for individuals and five percent for corporates, with the charges shared between the CBN and the financial institutions.

Daily withdrawals from Automated Teller Machines (ATMs) would be capped at N100,000 per customer, subject to a maximum of N500,000 weekly stating that these transactions would count toward the cumulative weekly withdrawal limit.

The special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly has been discontinued.

The CBN also confirmed that all currency denominations may now be loaded in ATMs, while the over-the-counter encashment limit for third-party cheques remains at N100,000. Such withdrawals will also form part of the weekly withdrawal limit.

Deposit Money Banks are required to submit monthly reports on cash withdrawals above the specified limits, as well as on cash deposits, to the relevant supervisory departments.

They must also create separate accounts to warehouse processing charges collected on excess withdrawals.

Exemptions and superseding provisions
Revenue-generating accounts of federal, state, and local governments, along with accounts of microfinance banks and primary mortgage banks with commercial and non-interest banks, are exempted from the new withdrawal limits and excess withdrawal fees.

However, exemptions previously granted to embassies, diplomatic missions, and aid-donor agencies have been withdrawn.

The CBN clarified that the circular is without prejudice to the provisions of certain earlier directives but supersedes others, as detailed in its appendices.

Business

Shippers Council Vows Commitment To Security At Nigerian Ports

Published

3 days ago

December 5, 2025

The Tide

The Nigerian Shippers Council (NSC)has restated its commitment towards ensuring security at Nigerian seaports.

Executive Secretary/Chief Executive Officer of the Council, Dr Pius Akuta, said this in Port Harcourt, while declaring open a one day workshop organized by the Nigerian Shippers Council in collaboration with the Nigerian police( Marin Division).

Theme for the workshop was ‘Facilitating Port Efficiency; The strategic Role of Maritime police “

Akuta who was represented by the Director, Regulatory Services, Nigerian Shippers Council, Mrs Margeret Ogbonnah, said the workshop was to seek areas of collaboration with security agencies at the Ports with a view to facilitating trade

Akuta said the theme of the workshop reflects the desire of the council and the Nigerian police to build capacity of police officers for better understanding and administration of their statutory roles in the Maritime environment.

He said Nigerian seaports has constantly been reputed as one of the Port with the longest cargo dwell in the world, adding,”This is so, because while it takes only six hours to clear a containerized cargo in Singapore Port, seven days in Lome Port, it takes an average of 21 days or more in Nigerian Ports” stressing that this situation which has affected the global perception index on Ease of Doing Business in Nigerian seaports must be addressed.

Akuta said NSC which is the economic regulator of the Ports has the responsibility of ensuring that efficiency is established in the Ports inorder to attract patronages.

“Pursuant to its regulatory mandate, the NSC has been collaborating with several agencies to ensure the facilitation of trade and ease of movement of cargo outside the Ports to avoid congestion”he said.

Also speaking the commissioner of police, Eastern Port Command, Port Harcourt, CP Tijani Fakai, said Maritime police has played some roles in facilitating Ports efficiency.

He listed some of the roles to include ensuring security and crime prevention at the Ports, checking of illegal fishing activities at the Ports, checking of human trafficking and drug smuggling and prevention of fire incident at the Ports.

Represented by ACP, Rufina Ukadike, the CP said police at the Ports have also helped in the decongestion and prevention of unauthorized Anchorage.

He commended the Nigerian Shippers Council for the workshop and assured of continuous collaboration.

Speaking on the dynamics of cargo handling, Deputy Controller of customs, Muhydeen Ayinla Ayoola, said the launching of electronic tracking system and dissolution of controller General Taskforce has helped to ensure efficiency at the Ports.

Ayoola who represented the custom Area Controller Port Harcourt 1 Area command, however raised concerned over rising national security threat , which according to him has affected efficiency at the Ports.

John Bibor