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Naira Scarcity: NLC Postpones Protest by Two Weeks

The Nigeria Labour Congress (NLC) has threatened to carry out nationwide protest in two weeks if the Central Bank of Nigeria (CBN) fails to find permanent solution to cash scarcity.
President of NLC, Joe Ajaero, and his counterpart in the TUC, Festus Osifo, gave the warning at a joint press briefing which held at Labour House, at the end of their National Executive Council meeting, yesterday.
The congress had last week said that it would begin an indefinite strike and picket all branches of the Central Bank of Nigeria across the country.
But the apex bank governor, Godwin Emefiele, in an attempt to avert the impending crisis, called on the Minister of Labour and Employment, Chris Ngige, to prevail on the Labour leaders to sheathe their sword.
However, Ajaero said after receiving briefings from its state councils in the 36 states and the Federal Capital Territory, the NLC decided to defer the picketing directive issued to workers last week.
He said reports from its state councils showed that the cash scarcity was easing off.
The labour leader told reporters that the NLC would resume the planned protest if naira notes become unavailable to Nigerians by the end of the two weeks.
According to him, committees had been set up at both the national and state levels to monitor situations in banks and report to it at the end of the two-week ultimatum.
He said, “Yes, there has been compliance but the NLC after its NEC meeting doubted the sustainability of the compliance.
“We have to monitor this compliance for the next two weeks to see whether it is sustainable because they have rushed to move money to commercial banks and some of them are getting empty again. It will be very naive for the congress to hurriedly call off the action. Whereas we are not shutting down tomorrow.
“We will want to loosen up for another two weeks with committees set up at the national level and all the states of the federation to coordinate compliance. There are some banks that didn’t open on the weekend. We advise the CBN to play the role of the regulator. They can sanction banks that are not complying.
“The first and second day the CBN said the money they were pushing per week they were pushing it daily. I wouldn’t know if they are still pushing it daily. They have constrained the banking sector. Nigerians have suffered so much. Even those who have withdrawn N10,000 are afraid to bring it out in case the scarcity returns.
“The NLC and TUC have decided to allow tomorrow pass without any shutdown or picketing but to watch the next two weeks.
“After two weeks from today (Tuesday), the NEC of the two Labour centres will meet again and decide whether the CBN has actually complied and whether their compliance is sustainable to drive the economy.”
On his part, the President of TUC assured that Labour would continue to protect the interest of workers and Nigerians.
Osifo said the two Labour centres would sustain the push for banks to make naira notes available to Nigerians for another two weeks.
He said, “We have agreed that we need to sustain this push for another two weeks. Reports from various states showed that there has been some level of compliance but some banks didn’t open at the weekend.
“We call on the CBN to sustain this action because the quantum of money Nigerians need now is even higher if this panic had not come in because an average Nigerian will withdraw money and be spending it little by little.
“The confidence in the system has been eroded and because that confidence has been eroded the CBN needs to do more by pumping more money into the economy.”
Featured
RSG Commits To Workers’ Welfare …. Calls For Sustained Govt, Labour Partnership

The Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ekwe Ibas, has assured the commitment of Rivers State government to workers’s welfare and industrial harmony in Rivers State.
The Sole Administrator gave the assurance after meeting with leadership of organized labour unions at the Government House, Port Harcourt on Wednesday.
Ibas reaffirmed government’s policy of prompt payment of salaries and pensions to workers and retirees, stating that all local government employees are not receiving the approved minimum wage.
He disclosed that approval has been given for payment of newly employed staff at Rivers State University Teaching Hospital and the Judiciary, while medical workers in Local Government Areas will now receive correct wages.
Ibas explained that, Government is reviewing implementation challenges of the Contributory Pension Scheme ahead of the July 2025 deadline, adding that Intervention buses have been reintroduced to ease workers’ transportation ,with plans to expand the fleet.
He said specialized leadership training for top civil servants will commence within two weeks, while due consideration is being given to implementing the N32,000 consequential adjustment for pensioners and clearing outstanding gratuities.
Ibas commended Rivers State workers for their dedication to service and called for sustained partnership with labour unions to maintain industrial peace.
“This administration recognizes workers as critical partners in development. We remain committed to addressing your legitimate concerns within available resources,” he stated.
The State NLC Chairman, Comrade Alex Agwanwor, thanked the Administrator for the steps taken so far with regard to workers welfare while appreciating his disposition towards alleviating the transportation problem faced by workers.
He also expressed appreciation for the government’s openness to dialogue and pledged continued cooperation towards achieving mutual goals.
The Rivers State Government assured all workers of its unwavering commitment to their welfare and called for continued dedication to service delivery for the collective progress of our dear State.
Featured
Labour Unions In Rivers Call For Improved Standard Living For Workers

The Nigeria Labour Congress (NLC), Rivers Council, has called for policies that will improve the economic situation of the country in order to ensure enhanced living standard for workers.
The State Chairman, Mr Alex Agwanwor, made the remark on behalf of the unions affiliated to Labour Congress during the 2025 workers day celebration in Port Harcourt, yesterday.
Agwanwor highlighted the demands of the Unions which included the immediate payment of pension arrears, implementation of the N32,000 minimum wage for pensioners, and payment of gratuities and death benefits without further delay.
“We are calling for the regulation and protection of e-hailing drivers, implementation of increments and promotions, and resolution of long-standing issues in the polytechnic sector,” he said.
Agwanwor on behalf of the unions appealed to President Bola Tinubu to reinstate the democratically elected Governor, Deputy Governor, and members of the Rivers State House of Assembly.
He stressed the importance of democratic governance and good working relationship with elected representatives.
According to him, the unions expressed disappointment over the imposition of taxes, increase in electricity tariff, and high cost of goods and services, which have further worsened the plight of workers.
“We urge the federal government to take measures to alleviate the suffering of citizens,” he said.
Featured
Tinubu committed to unlocking Nigeria’s potential – Shettima

Vice-President Kashim Shettima says President Bola Tinubu is committed to unlocking Nigeria’s full potential and position the country as a leading force on the African continent.
Shettima stated this when he hosted a delegation from the Hertie School of Governance, Berlin, led by its Senior Fellow, Dr Rolf Alter, at the Presidential Villa in Abuja last Wednesday.
He said Nigeria was actively seeking expertise from the global best institutions to enhance policy formulation and implementation, particularly in human capital development.
The Vice-President noted that President Tinubu was determined to elevate Nigeria to its rightful position as a leading force in Africa.
“The current crop of leadership in Nigeria under President Bola Ahmed Tinubu is ready and willing to unleash the full potential of the Nigerian nation on the African continent.
” We are laying the groundwork through strategic reforms, and at the heart of it, is human capital development.”
He described the Hertie School as a valuable partner in the journey.
According to him, Hertie School of Governance, Berlin, has track record and institutional knowledge to add value to our policy formulation and delivery, especially in this disruptive age.
Shettima reiterated the government’s priority on upskilling Nigerians, saying ” skills are very important, and with our Human Capital Development (HCD) 2.0 programme.
“We are in a position to unleash the full potential of the Nigerian people by enhancing their capital skills.”
The Vice-President acknowledged the vital support of international development partners in that effort.
” I want to thank the World Bank, the European Union, the Bill and Melinda Gates Foundation, and all our partners in that drive to add value to the Nigerian nation,” he maintained.
The Vice-President said human capital development was both an economic imperative and a social necessity.
Shettima assured the delegation of the government’s readiness to deepen cooperation.
” We need the skills and the capacity from your school. The world is now knowledge-driven.
“I wish to implore you to have a very warm and robust partnership with the government and people of Nigeria.”
Shettima further explained recent economic decisions of the government, including fuel subsidy removal and foreign exchange reforms.
“The removal of fuel subsidy, the unification of the exchange rate regime and the revolution in the energy sector are all painful processes, but at the end of the day, the Nigerian people will laugh last.
“President Tinubu is a very modern leader who is willing to take far-reaching, courageous decisions to reposition the Nigerian economy,” he added.
Earlier, Alter, congratulated the Tinubu administration for the successful launch and implementation of the Human Capital Development (HCD) strategy.
The group leader described the development as ambitious and targeted towards the improvement of the lives of the citizens.
He expressed satisfaction with the outcome of his engagements since arriving in the country.
He applauded the zeal, commitment, energy and goodwill observed among stakeholders in the implementation of Nigeria’s HCD programme.
Alter said the Hertie School of Governance would work closely with authorities in Nigeria across different levels to deliver programmes specifically designed to address the unique needs of the country.
He, however, stressed the need for government officials at different levels to be agile and amenable to the dynamics of the evolving world, particularly as Nigeria attempted to successfully accelerate its human capital development aspirations.
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