Business
NLC Decries Leaders’ Attitude To Workers Plight
The Nigeria Labour Congress has decried the attitude of Nigerian leaders to workers, lamenting that the plight of the poor and the downtrodden were never their concern.
The NLC made the claim through its National President, Mr Ayuba Waba, who paid a courtesy visit to Plateau Governor Simon Lalong in Jos, Thursday.
“We have always directed workers to support every government, but some leaders make that just impossible”, he stated.
He accused many leaders of abandoning the workers, saying that the fate of the labourer was always the last in the order of priorities.
Waba, however, urged the workers to always stand by the truth and give sincere advice to those in authority “without any fear”.
A cardinal principle of labour is to promote truth and good governance, any leader that does the right thing should be supported by workers”, he said.
Waba, who is in Jos to participate in a seminar organised by the National Civil Service Union, however, appreciated Lalong for putting smiles on the faces of workers and pensioners in Plateau State.
“You have done excellently well. You are a shining example of how leadership should be.
“You have cleared the six months salary arrears you inherited and also cleared pension arrears.
“You have started paying gratuities as well as monies withheld by your predecessors who insisted on the no-work-no-pay policy.
“The NLC is also impressed with how you deployed the bailout and Paris Club funds received from the Federal Government and has always urged others to emulate your kindness”, he said.
Lalong, in his remarks, thanked the NLC leadership for offering their counsel when he sought its advice on how best to make the workers happy.
He said that workers in Plateau were seen as part of government whose counsel and cooperation had been crucial to success in the last three years.
The governor announced that he had approved the establishment of a workers’ estate, saying that work on it would kick off when the next tranche of Paris Club refund was received.
He told the NLC President that he considered the payment of salaries as a moral obligation that must be kept.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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