Featured
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 Even those who have withdrawn N10,000 are afraid to bring it out in case the scarcity returns.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
Rivers Assembly Approves Fubara’s 2026–2028 MTEF
The Rivers State House of Assembly has approved the 2026–2028 Medium Term Expenditure Framework (MTEF) submitted by Governor Siminalayi Fubara.
This reaffirms the lawmakers’ commitment to enacting laws and taking legislative actions geared towards the overall development of the State.
The Assembly gave the approval during its Second Legislative Sitting of the Fourth Session held last Friday.
Speaking on the MTEF document during plenary, the House Speaker, Rt. Hon. Martin Amaewhule, noted that by the provision of Section 10(1)(b) of the Rivers State Fiscal Responsibility Law No. 8 of 2010, the MTEF ought to have been laid before the House in September 2025.
Amaewhule explained that traditionally, the document is expected to be presented four months before the commencement of the next financial year and immediately after the expiration of every three-year fiscal cycle.
He, however, stated that in the interest of the State and its people, the House considered it necessary to deliberate on the document, describing it as a precursor to the 2026 Budget Estimates.
The Speaker expressed concern that the year had already progressed significantly before the presentation of the framework.
During deliberations on the document, members examined the assumptions and projections contained in the MTEF and observed that strict adherence to the outlined fiscal parameters would ultimately serve the interest of Rivers people.
The lawmakers maintained that effective implementation of the framework would promote prudent financial management and enhance developmental planning across the State.
Following the debate and positive consideration by members, the Speaker put the question to the House and members voted overwhelmingly in support of the approval of the MTEF.
Meanwhile, during the same sitting last Friday, the House also received a petition from the Chairman of Obio/Akpor Local Government Council, Dr. Gift Worlu.
The petition was presented by the member representing Obio/Akpor Constituency II, Hon. Emilia Amadi.
According to the petition, concerns were raised over an imminent security breach, threats to lives, destruction of property and alleged forceful takeover of property by some lawless persons within parts of the Local Government Area.
Presenting the petition before the House, Hon. Amadi appealed to the lawmakers to revisit the matter and take necessary steps aimed at safeguarding lives and property in the affected communities.
The House is expected to further deliberate on the petition and consider measures to address the concerns raised in order to sustain peace and security in the area.
King Onunwor
Featured
JUNE 12: Democracy Remains Nigeria’s Strongest Path To Unity, Progress, Says Fubara ….Extols Abiola, Wife
Governor of Rivers State, Sir Siminalayi Fubara, has reaffirmed that democracy remains the most effective system of government for Nigeria, given the country’s rich diversity of ethnic, religious, and cultural identities.
In a goodwill message to Nigerians on the occasion of the 2026 Democracy Day celebration, Governor Fubara said June 12 represents far more than a historic date; as it embodies the enduring struggle, sacrifice, and collective aspiration of Nigerians for freedom, justice, and representative governance.
The Governor extended warm felicitations to Nigerians at home and in the Diaspora, paying tribute to the heroes and heroines of the democratic struggle, particularly Chief MKO Abiola, his wife, Kudirat Abiola, and countless others whose courage and sacrifices helped secure the democratic freedoms Nigerians enjoy today.
According to him, “June 12 is a reminder of the price paid for the democracy we enjoy today. The sacrifices made by Chief MKO Abiola, Kudirat Abiola, and many other patriots who laid the foundation for the democratic journey we continue to enjoy today. Their commitment to the principle that power must ultimately reside with the people remains a source of inspiration for every generation of Nigerians.”
Governor Fubara noted that thirty-three years after the historic June 12, 1993 election, Nigeria’s democratic experiment has continued to evolve despite challenges and setbacks.
“Our democratic journey has not been without difficulties, but the resilience of our institutions and the determination of our people have kept the nation moving forward. The ability to express differing opinions, engage in constructive debate, and peacefully choose leaders through the ballot remains one of the greatest achievements of our nation,” he said.
Governor Fubara stressed that democracy provides the best framework for managing Nigeria’s diversity and transforming it into a source of national strength.
“Nigeria’s diversity should never be seen as a weakness. Properly harnessed, it is our greatest asset. Democracy offers us the opportunity to build consensus, promote inclusion, strengthen national unity, and create the conditions for sustainable development and shared prosperity,” he said.
Governor Fubara commended President Bola Ahmed Tinubu, for his commitment to the Renewed Hope Agenda and ongoing efforts aimed at economic revitalization, strengthening security, and deepening democratic institutions across the country.
He reiterated the readiness of Rivers State to continue partnering with the Federal Government in advancing policies and programmes that improve the lives of citizens through infrastructure development, job creation, enhanced security, quality education, healthcare delivery, and good governance.
The Governor further called on Nigerians, regardless of political affiliation, ethnic background, or religious belief, to use the occasion of Democracy Day to renew their commitment to the Nigerian project and the ideals that underpin democratic governance.
“Democracy must not be viewed merely as a periodic electoral exercise. It must be reflected in our daily commitment to accountability, transparency, tolerance, justice, respect for the rule of law, and responsible leadership. As citizens and leaders, we all share a collective responsibility to strengthen our democracy and build a nation that future generations will be proud to inherit,” he said.
Governor Fubara expressed optimism about Nigeria’s future, urging citizens to remain united, hopeful, and committed to the values of peace, dialogue, and national development.
“Together, we can build a stronger, more inclusive, and more prosperous Nigeria where every citizen has the opportunity to thrive and contribute meaningfully to national progress,” he said.
Featured
Fubara Reaffirms Commitment To Peace, Development
Governor of Rivers State, Sir Siminalayi Fubara, has reaffirmed the unwavering commitment of his administration to peace, unity, security, and inclusive development as Rivers State marked its 59th anniversary, last Wednesday.
In a goodwill message issued on Wednesday to commemorate the anniversary, Governor Fubara stated that despite the challenges faced over the years, the people of Rivers State have continued to demonstrate resilience, strength, and an enduring spirit of unity that has sustained the state since its creation.
The Governor noted that the strong bond of brotherhood among the various ethnic nationalities of the state, including the Ijaw, Ikwerre, Ogoni, Etche, Ekpeye, Andoni, Kalabari, and others, remains one of Rivers State’s greatest strengths and a critical foundation for peace, stability, and progress.
He further observed that Rivers State has remained a major driver of Nigeria’s economy for decades, not only because of its abundant oil and gas resources, but also because of the exceptional contributions of its people across diverse sectors including academia, jurisprudence, business, entertainment, public service, and sports.
Governor Fubara assured the people that his administration will continue to prioritize policies and programmes that promote peace, protect lives and property, and expand development across all parts of the state. He emphasized that governance must be people centered and impactful, with equal attention given to every Local Government Area of the state.
The Governor also paid tribute to the elders and founding leaders of the state for preserving the spirit of unity and coexistence over the years, while urging the youths to remain hopeful, responsible, and actively committed to building a greater Rivers State through innovation, hard work, and patriotism.
He equally acknowledged the invaluable role of women in strengthening families, communities, and society, describing them as indispensable partners in the continued growth and stability of the state.
Governor Fubara called on all Rivers people to use the occasion of the anniversary as a moment of reflection and renewed commitment to peaceful coexistence, mutual respect, dialogue, and collective progress, stressing that the unity and future of Rivers State must always rise above personal interests and political differences.
Rivers State was created on May 27, 1967, by General Yakubu Gowon.
-
Rivers12 hours ago
Rivers Police Uncovers Firearm Concealed In Loaf Of Bread
-
News9 hours agoFubara Reaffirms Commitment To Blue Economy, Private Sector Growth …Calls For Protection Of Marine Resources
-
Business9 hours agoIPMAN Raises Concern Over Delay In Chinese Refinery Deal …Predicts Lower Fuel Prices Through Competition
-
Business12 hours ago
Navy Nabs 13 Black Sand Miners In Bayelsa –Impound Two Boats
-
Business12 hours ago
Gas Economy: Decade of Gas, Pi-CNG/ EV Deepen Media Engagement
-
Sports12 hours ago
Six Nigerians To Play For NBA Teams
-
Business12 hours ago
Accountable Leadership, Urgent Reforms Will Stimulate Economic Growth — Osi
-
Business12 hours ago
Navy Hands Over Five Suspected Stowaways to NIS
