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FG Set To Announce New Salary Increase
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.”
President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.
Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.
However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.
Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.
A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.
It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.
The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.
“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.
“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”
But lawmakers rejected the request.
The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.
“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.
“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.
Other lawmakers echoed similar frustrations.
Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.
The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.
Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.
Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”
Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.
The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.
Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.
The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.
The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.
This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.
Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.
Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.
He stated that the 17 million number marks a significant increase in overseas travel and tours.
According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.
Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.
“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.
“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.
While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.
The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”
He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.
Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.
He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”
Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.
Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.
“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”