Business
Nigerian Workers May Begin Strike Over Minimum Wage ….As Sanwo-Olu Promises To Pay N55,000
The organised labour has directed workers in the states where governors are yet to implement the new minimum wage to immediately begin an indefinite strike.
This came as the Federal Government said state governors had no choice but to pay the N30,000 national minimum wage, warning that any governor not paying was breaching the nation’s law.
The unions also sought for general upward salary review for workers, even as it lamented the seemly intractable socio-economic and political predicaments that had enveloped the nation.
In a joint address to Nigerian workers to mark this year’s celebration, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), at the Eagle Square, Abuja, on Saturday directed workers in the states where governors were not paying the minimum wage to immediately begin an indefinite strike.
In their May Day address titled: ‘Covid-19, Social and Economic Crises: Challenges for Decent Work, Social Protection and Peoples Welfare’, jointly read by the President of NLC, Ayuba Wabba, and his TUC counterpart, Quadiri Olaleye, they said: “We demand an upward review of salary of core civil servants to narrow the gap between their emoluments and those of employees in other segments of the public service. We implore the Federal Government to once more direct the Office of the Head of the Civil Service of the Federation to set up a committee to undertake this review.”
On N30,000 national minimum wage, the labour leaders said, “For Nigerian workers, it has been a catalogue of workplace and trade union rights violations. First is the criminal refusal by some state governors to pay the new national minimum wage and consequential increase in salaries thus violating workers’ rights. We have already directed all our state councils to declare strike actions if any governor remains adamant about paying the new national minimum wage”.
Reacting, President Mohammadu Buhari said the 36 governors of the Federation were bound by law to pay the N30,000 minimum wage.
According to him, any governor not paying the new wage was breaching the new National Minimum Wage Act, signed into law by him, in April 2019.
The President, represented by the Minister of Labour and Employment, Senator Chris Ngige, assured workers of better packages to cushion the economic effects of Covid-19 on their resources, stressing that his administration has put in place some socio-economic policies to alleviate poverty.
Meanwhile, the Lagos State Governor, Babajide Sanwo-Olu, has promised N55,000 minimum wage for the state workers.
Sanwo-Olu, in his message to mark this year’s Workers Day, also expressed the commitment of his administration to create at least 395,000 jobs in the next few months, with an average monthly wage of N55,000 above the N30,000 national minimum wage.
He said: “Our goal is to create at least 395,000 jobs in the next few months, with an average monthly wage of N55,000, in the sectors and industries that have a high demand for labour, like agriculture, construction and services.”
In the same vein, workers under the umbrella of the Nigeria Labour NLC and TUC in Bayelsa State, have lauded the worker-friendly disposition of the State governor, Douye Diri.
Delivering a joint address of both unions at the Peace Park in Yenagoa, venue of this year’s Workers Day celebration, State NLC Chairman, Comrade Bipre Ndiomu, praised the governor for prompt payment of salaries and gratuity since his emergence as governor in February 2020.
Business
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Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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