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ASUU Strike: FG, Union Meeting Ends In Deadlock …Minister Predicts Call-Off In Seven Days

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The end to the ongoing strike embarked upon by the Academic Staff Union of Universities (ASUU) seems not to be in sight as the meeting between the Nigerian government and the union has hit the rocks.
During the meeting, which held yesterday, the Federal Government promised to fulfill some of the conditions being demanded by ASUU in an attempt to end the strike by the union.
Minister of Labour and Productivity, Chris Ngige, who convened the meeting with the union leaders, said the government would meet certain conditions.
It was gathered that the ASUU leaders who attended the parley did not agree to call off the strike.
The ASUU President, Prof. Biodun Ogunyemi who led the executive members of the union to the meeting said he needed to brief other members of the union.
Meanwhile, the Minister of Education, Malam Adamu Adamu, yesterday said the ongoing strike by the Academic Staff Union of Universities may be called off within one week.
The minister stated this at a meeting with the Senate Committee on Tertiary Institutions and TETFund in Abuja.
Adamu said that the ministry and other major stakeholders were already holding meetings with the union to resolve some of the issues that led to the strike.
He assured that with the level of progress made in the negotiation, there was hope that students and lecturers would return to classes within one week.
Adamu said, “the issue of renegotiation is already going on. I have already written a letter formalising the meeting I had with the union, because I went alone to face them and I wrote a letter which I gave them yesterday.
“From the way they received it, I think it is possible that the strike will be called off within a week, maximum.”
Adamu said while explaining reasons for the strike, ASUU accused the Federal Government of failing to keep its side of the agreement.
He assured that the Ministry of Finance had agreed to do the needful with regard to releasing funds as soon as possible.
He said: “The union had asked for N23 billion to be paid.
“We said the condition for that N23 billion to be released was for them to account for the N30 billion they had taken which is a total of N53 billion and they were not able to account for it.
“The Minister of Finance then undertook to do the audit from the ministry and we agreed that the result will be known within six months.
“The Federal Government undertook to be paying them N1.5 billion each month during the time they are waiting for the outcome of the audit.
“Their grouse now is that the forensic audit promised by the minister of finance has not been done and the money promised has not been paid.
“So, at our meeting two days ago, we agreed that we will pay them and do forensic audit on the entire N53 billion.
“I wrote to the minister and she has already approved it and this money will be paid; probably on Monday, they will be able to receive the cheque.”
Adamu, however, stated that his ministry did not agree on some issues during the meeting with the union.
He said: “There are other issues which we did not agree on and that is their request to be taken out of Treasury Single Account.
“I told them that it is not possible because this is a new policy and government is not going to change it for anyone.
“Concerning their salary shortfall, we said a lot of the reasons spring from what they are doing wrong.
“They do a lot of employment without proper authority.
“For instance, a university can decide to recruit 50 people and IPPIS is not aware. So, we insisted that institutions must stop doing that and they accepted.
“There is also the issue of the registration of their pension commission. I think they have one or two issues to iron out with PENCOM and I believe they will also be able to solve the problem within a week.’’
The Chairman of the senate committee, Senator Barau Jibrin, said the committee was impressed with the briefing by the minister on the matter.
He explained that the seriousness of the issue made the committee members to cut short their recess, and said that from the assurance given by the minister, students and lecturers would return to school shortly.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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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

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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

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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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