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FG Set To Announce New Salary Increase

Published

3 years ago

December 28, 2022

The Federal Government said it would soon make a pronouncement on salary increases for civil and public servants to cushion the effect of the high inflation rate.
The government said already the Presidential Committee on Salaries was doing a review, and was expected to come up with salary adjustments in 2023.
Minister of Labour and Employment, Senator Chris Ngige, disclosed this to State House correspondents after he had a closed-door meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.
Ngige, who said that he was at the seat of power to discuss exhaustively issues concerning his ministry, including employment and productivity, described 2022 as a year of industrial dispute.
Recall that the minister had recently hinted that the government would adjust workers’ salaries to meet up with the economic realities in the country occasioned by inflation.
Asked whether he discussed the issue of salary increase with the President looking at the rising inflation, he said:”Yes, that’s what I am saying that the Presidential Committee on Salaries is working hand-in-hand with the National Salaries Incomes and Wages Commission. The commission is mandated by the Act establishing them to fix salaries, wages, and emoluments in not only the public service.
“If you want their assistance and you are in the private sector, they will also assist you. They have what is called the template for remuneration, for compensation. So, if you work, you get compensated, if you don’t work, you will not be compensated.
“So, they have the matrix to do the evaluation, so they are working with the Presidential Committee on Salaries chaired by the Finance Ministry, and I’m the co-chair to look at the demands of the workers. Outside this, I said discussions on that evaluation are going.”
Also asked whether a timeline has been fixed for the implementation of the new salary increase, he said:”As we enter the New Year, government will make some pronouncements in that direction.”
On why he was at the State House, Ngige said he came to brief the President on the activities of his ministry as the year comes to an end.
According to him, “Well, majorly, I came to brief Mr. President, you know the year is coming to an end and we have to look at our 2022 exhaustively. Part of my ministry, we are to discuss labour issues…and what we are able to do. First and foremost, we look at the employment situation in the country and what we have achieved and what we have not achieved.
“Employment is high and various policies and I have to tell him the successful ones we are in them. We also had a briefing on productivity viz-a-viz the various industrial disputes we had in 2022.
“It’s a year we can call a year of industrial dispute starting from the February Academic Staff Union of the Universities (ASUU) strike which was joined by other sister unions in the university system and even the people in the research institutes.
“And thereafter, threats from various unions including the medical doctors association and its youth wing, the National Association of Resident Doctors, JOHESU which is also the Joint Health Sector Union all were asking for a wage increase.
“Asking for a wage increase can also be understandable because of what inflation had done in the economy and the attendant cost of living for people who have to be workers in the public sector. In the private sector, the private sector employers have managed their affairs better, maybe, because their finances and their management is within their very audit and they could control it, they could do collective bargaining very easily with their workers.
“The banking sector, food, and beverages, and finance insurance everywhere. So, there is calm there. We didn’t have the desired calmness on the government’s side because of the government’s finances.
“However, I’ve briefed him, we are doing some review within the Presidential Committee on Salaries, and discussions are ongoing. The doctors are discussing with the Ministry of Health, and insurance people in the public sector discussing and there is a general calmness. Hopefully, within available resources, the government can do something in the coming year.”
Further asked about the position of the government on the right month’s outstanding salaries ASUU is requesting, he said for now the matter is in court for proper interpretation of the Trade Dispute Act as it concerns no work, no pay policy invoked by the government during the strike period.
He said, “ASUU has not pronounced anything on their salaries anymore because it’s one of the issues that was referred to the National Industrial Court for determination, whether a worker who is on strike should be paid in violation of section 43 of the Trade Dispute Act which says when you go on strike, the consequences are these: number one, you will not be paid, you will not be compensated for not going to work to enable your employer keep the industry or enterprise afloat.
“That money should not be given to you, and that compensation should not be given. It’s there in Section 43 (1). There is a second leg to Section 43, it also said that that period you were on strike will not count for you as part of your pensionable period of work in your service. That leg, of government, has not touched it, but the leg of no-work-no-pay has been triggered off by that strike.
“So, we are asking the court to look at it. So the matter is out of the hand of the executive (that’s us) and in the hand of the judiciary. ASUU has also put up a defense in court, asking the court, yes we went on strike, but we did that for a reason. So, it’s now left for the court to look at it.”

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

Published

4 days ago

January 9, 2026

The Tide

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

Published

4 days ago

January 9, 2026

The Tide

The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

?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.

?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.

?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.

?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

Published

2 weeks ago

December 30, 2025

The Tide

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.