News
Recession: ‘Nigeria Needs Wage-Led Recovery’
The General Secretary, National Union of Textile Garment Workers of Nigeria (NUTGTWN), Mr Issa Aremu, yesterday, said Nigerian workers needed wage increase that would lead to recovery.
Aremu made this assertion in a statement issued in Kaduna, and made available to newsmen.
He said that Nigeria might not overcome the recession with the existing miserable pay of workers and pensioners.
“Organised labour calls for prompt payment of the existing salaries by states and local governments and urgent wage increase in both the private and public sectors.
“Link with productivity improvement is the smartest and quickest ways to stimulate the nation’s economy.
“Recent CBN report on the economy and to a large extent, the latest report of National Bureau of Statistics observes that weak demand for goods is one factor responsible for low capacity utilisation of many private sector companies.
“So, to overcome the economic crisis, workers whose wages buy basic goods and services must not only be paid on time but their wages must be increased,’’ he said.
“To this extent President Muhammadu Buhari must urgently constitute the tripartite committee on the review of the current national minimum wage,’’ he said.
The labour leader said that Nigerian workers had long been in depression before the present recession because of the crisis of compensation manifesting in salary arrears.
He said that the collapse of wages caused by massive naira devaluation and price inflation of close to 20 per cent needed to be redressed.
Aremu said that the minimum wage of N125 in 1981 was equivalent to $240.
“Then we had stable strong exchange rate and lower inflation. In real terms, workers in 1981 earned more than the current N18, 000.00 minimum wage,’’ he said.
He said that the 2010 negotiated national minimum wage of N18, 000 was about $120 in 2010.
“With naira devaluation, it has unacceptably fallen to less than $45 in 2016, a quarter of its nominal value in 2016 and less than 1 per cent of its value in 1981 about 40 years ago worsening income poverty.
“For Nigerian economy to recover, there must be massive public spending in reconstruction and significantly mass spending by working people through improved wages,’’ Aremu said.
“You cannot fight corruption with poorly paid workforce; poorly paid worker is not only hungry but rightly angry and even vulnerable to corrupt practices,’’ Aremu said.
The Governor of Rivers State, Sir Siminalayi Fubara, has begun the celebration of Nigeria’s 65th Independence anniversary with a Juma’at service where prayers were offered for the progress of the state and Nigeria.
Governor Fubara, who advocated for peace and unity of Nigeria during the prayers on Friday at the Rivers State Central Mosque, Port Harcourt, indicated that without peace, the accelerated development of Nigeria will remain in a limbo.
Governor Fubara, who was represented by Alhaji Abdurrazaq Diepriye, therefore urged citizens to remain patriotic.
According to him, “Allah has brought us this far. Without peace, we can not have progress and economic development. I call on all citizens irrespective of creed or tribe to remain patriotic.”
He thanked President Bola Tinubu for restoring peace in Rivers State while also using the forum to appreciate security agencies for their relentless effort in upholding the peace and unity of Rivers State and Nigeria.
The Chief Imam of Rivers State Central Mosque, Imam Ibrahim Yaloo, admonished Moslem faithful to always speak the truth, adding that those who obey Allah will be directed to good deeds and their sins forgiven.
Prayers were offered for Rivers State and Nigeria.
Other activities to mark the 65th Independence anniversary in the state include an Inter-denominational Church Thanksgiving Service on Sunday, 28th September and Parade Ceremony on Wednesday, 1st October.
Vice-President Kashim Shettima departed New York on Sunday after representing President Bola Tinubu at the 80th session of the United Nations General Assembly.
In a statement released on Sunday by the VP media aide, Stanley Nkwocha, the Vice President is now headed to Germany, where he will hold strategic meetings with officials of Deutsche Bank.
The statement read, “Vice President Kashim Shettima has departed New York, United States, after successfully representing President Bola Ahmed Tinubu, GCFR, at the 80th Session of the United Nations General Assembly.
“During his participation at UNGA 80, VP Shettima secured UN Secretary-General António Guterres’ commendation for Nigeria’s bid for a permanent UN Security Council seat.
“He also showcased Nigeria’s $200 billion energy transition opportunity to global investors and strengthened strategic partnerships with the UK on trade, defence, and migration issues.”
Nkwocha added that the VP delivered Tinubu’s national statement, calling for UN reforms and a permanent seat for Nigeria at the UN Security Council, and “demanded Africa’s control over its $700 billion mineral wealth, and digital inclusion initiatives.”
“He also engaged with the Gates Foundation on healthcare and education expansion, positioning Nigeria as the natural hub for the African Continental Free Trade Area’s $3.4 trillion market.
“VP Shettima was seen off at John F. Kennedy International Airport, New York, by cabinet Ministers who were part of the UNGA 80 delegation and Nigerian Mission officials.”
The aide noted that Shettima will return to Nigeria immediately after his engagements in Germany.
The Tide source recalls that the VP departed Abuja, yesterday.
He led other Nigerian officials at the Assembly.
As part of Nigeria’s 65th Independence anniversary celebration, the Federal Government held a special thanksgiving service on Sunday at the National Ecumenical Centre in Abuja to offer prayers and give thanks for the nation.
The event drew top government officials and security chiefs, including Senate President Godswill Akpabio and Secretary to the Government of the Federation, George Akume, as well as their spouses.
Other notable guests included Finance Minister and Coordinating Minister of the Economy Wale Edun, former Plateau State Governor, Senator Simon Lalong, and the Chief of Defence Staff, General Christopher Musa, who led the service chiefs in attendance.
Service chiefs present included the Chief of Naval Staff, Vice-Admiral Emmanuel Ogala, Inspector-General of Police Kayode Egbetokun, Comptroller-General of the Nigerian Immigration Service, Mrs Kemi Nandap and Controller-General of the Nigerian Correctional Service, Sylvester Nwakuche, among others.00
The service came days after the government unveiled the official theme and some of the activities slated for the 2025 Independence celebrations.
This year’s anniversary is tagged “Nigeria @ 65: All Hands on Deck for a Greater Nation,” as announced by the Director of Information and Public Relations at the Office of the Secretary to the Government of the Federation, Segun Imohiosen, in a statement on Wednesday.
“As part of activities to mark the 65th Independence Anniversary, the Juma’at Prayer and the Inter-Denominational Church Service will be held on Friday, 26th September at 1 pm and Sunday, 28th September at 10 am respectively, as well as the World Press Conference on Monday, 29th September at 10 am,” he said.
The Tide source had earlier reported that President Bola Tinubu, alongside former Heads of State, Yakubu Gowon, Olusegun Obasanjo and Goodluck Jonathan, is expected as a special guest at a national discourse convened by the Island Club, Lagos, to mark Nigeria’s 65th Independence Anniversary.
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