News
N19.6trn Pension Fund: Labour Opposes FG’s Plans To Undermine Retirement Savings
The Organised Labour has frowned at the Federal Government’s plan to utilise the N19.66 trillion pension funds for infrastructure development.
This is contained in a joint letter signed by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), which was addressed to the Minister of Finance yesterday in Abuja.
The letter, which was signed by Mr Joe Ajaero, NLC President and Mr Tommy Etim-Okon, TUC Deputy President, was entitled “Leave our Pension Fund Alone:Do not Tamper with Workers’Funds”.
According to Ajaero, the announcement has ignited deep apprehension and unrest among Nigerian workers, who are the primary contributors of these funds.
“We, therefore, urge the government to reconsider its plans to tap into
pension funds and instead explore sustainable financing options that do not
compromise the retirement security of Nigerian workers.
“Organised Labour will resist any action that seeks to undermine the retirement savings of Nigerian workers,” they said.
The letter, however, noted that the government had allegedly accessed nearly 70 per cent of the entire pension funds, adding that it was not merely alarming; it was unacceptable.
It said that Nigerian workers had entrusted their hard-earned savings for retirement security, and not for government projects.
“It is imperative to halt any further plans to tap into these funds, especially given the lack of transparency and accountability in past government borrowing practices.
“You proposal to further leverage these funds for the purported betterment of housing and infrastructure raises serious concerns about fiscal prudence and responsible governance,”it said.
According to labour, where does the government intend to source the additional N20 trillion it seeks to acquire, especially considering the ambiguity surrounding previous borrowing practices from.
It said the lack of clarity on the matter only fuels skepticism regarding the feasibility and sustainability of the initiative.
“Nigerian workers demand assurances that their retirement funds will not fall victim to further Federal Government borrowing.
“This is especially when the PENCOM Board has not been constituted as enshrined in the statutes.
“One is left to wonder which Board superintends over such discussion with the government. Seeking to borrow from the fund is not backed by the Pension Act,” it said.
It said that this was in spite of the government’s assurances of widespread consultation with major stakeholders in the Pension industry.
It said it was disheartening to note that the NLC and TUC, representing the owners of the entire Pension fund contributions, were not consulted nor informed about the government’s intentions.
“This lack of transparency undermines the sanctity of pension funds, which should be treated with utmost reverence and protection at all times.
“It is incumbent upon the government to prioritise alternative sources of funding
that do not imperil the financial security of Nigerian workers.
“We insist that any initiative aimed at leveraging pension funds for national development must be executed with utmost transparency, accountability, and respect for the rights and interests of workers.
“Furthermore, we strongly oppose the notion of the government engaging in fierce competition with other users of funds in the Pension fund market.
“We remain resolute in our commitment to safeguarding the welfare and interests of workers across the country,” it said.
News
Tinubu Urges Youths To Leverage NASRDA Skills Acquisition Project For Employment
President Bola Tinubu has called on Nigerian youths to leverage the skills acquisition programme of the National Space Research and Development Agency (NASRDA) for gainful employment.
Tinubu made the call on Wednesday in Abuja during the opening ceremony of NASRDA skills acquisition project being executed in collaboration with Grassroots Bridge Builders (GBB), a Non-Governmental Organisation (NGO).
Represented by Mr Adewale Adeogun, Chairman, Tinubu National Think Tank (TnT), he said the project was part of the many initiatives of the government under its Renewed Hope Agenda.
The Tide source reports that the project targets to train 60,000 youths with relevant life changing skills.
“Most of our people are not aware of some of the policies that the President have brought forward because they were not informed, misinformed.
“The NASRDA/GBB project is here to educate, train and allow NGOs, corporate bodies, religious bodies, some support group leaders on these activities and we have millions of people unaware.
“We want Nigerians embrace this programme, come up with ideas of how we can get millions, at least 50 million Nigerians out of this unemployment circle,’’ Tinubu said.
He said the Federal Government was in discussions with companies, government institutions to employ the youths who had benefited from the project.
“These youths, when trained through our platform, we will introduce them to ministries, agencies, parastatals and industries for employment.’’
Director-General of NASRDA, Dr Matthew Adepoju, said that Nigerian youths were intelligent, hardworking and creative, adding that the government was committed to giving them skills for development.
“We can use the space science and technology to empower the youth to function in their own ecosystem,’’ he said.
He recalled the agency already started a pilot skills acquisition programme on mast installation, maintenance and management of telecom infrastructure, with over 60 youths in participation.
According to him, the training is expected to touch on different sectors, states and local government levels because that is where the bulk of our youths reside.
Dr Haruna Mohammed, Technical Adviser to the D-G, said they were at the level of profiling the participants.
‘’The first was the pilot project, which we had over 60 participants, and we are scaling it up now, and we are profiling them, gathering data, trying to know how to spread it across the country.
“For this next stage, we are proposing 5000 youths and we recently had a request from some ministries to train about 60,000 youths,’’ he said.
Mohammed said that the youths would be trained on 27 different skills such as artistry, carpentry and painting.
Mr Ibrahim Igoche, Chief Executive Officer, GBB, encouraged other NGO, partners to join the government in building the skills of Nigerian youths to reduce poverty.
News
Okpebholo Approves New Minimum Wage Of N75,000 For Edo Workers

Gov. Monday Okpebholo of Edo has raised the minimum wage for Edo workers from N70,000 to N75,000 to further improve their standard of living.
The governor announced this during his May Day speech at the Samuel Ogbemudia Stadium in Benin.
The governor, while appreciating Edo workers’ contributions to the state’s development, said his administration would always look for ways to improve the welfare of Edo workers.
“Today, I am proud to announce that our administration has approved a new minimum wage of N75,000 per month for all Edo workers.
“It’s our way of saying thank you, Edo workers. We believe this makes a real difference, and we count on your dedication to a better Edo.
“Since taking office, my administration has prioritised workers’ welfare.
” One early action was converting over 1,000 casual workers, including cleaners, into permanent civil service employees,” he said.
Okpebholo disclosed that his administration had also hired 500 teachers, adding that he was reviewing over 3,000 casual teachers for full employment.
“We also approved recruitment of 450 clinical and non-clinical hospital staff and regularised 126 contract workers at Edo State Specialist Hospital for stability and growth,” he added.
The governor also disclosed that his administration had cleared outstanding salary arrears owed to Edo Polytechnic staff.
“In the judiciary, judges whose appointments were delayed have been properly sworn in and are now actively performing their constitutional duties without further administrative hindrances.
“To prove our commitment, we approved health insurance for retirees because we believe support must continue after workers leave active service,” the governor said.
Okpebholo reiterated his administration’s dedication to prompt salary and pension payments, structured recruitment, workers’ welfare and professional development
“As we celebrate today, I join President Tinubu and fellow governors in wishing Nigerian workers a peaceful, fulfilling celebration. Your efforts build our nation daily.”
Acting NLC Chairman, Edo chapter, Comrade Bernard Egwekhide, praised Governor Okpebholo for laudable policies that ease the hardship experienced by workers and pensioners across the state.
He said the theme, “Reclaiming the Civil Space Amid Economic Hardship,” was appropriate and highlighted the critical issues faced by Nigerian workers in today’s tough economy.
Egwekhide appreciated the governor’s seriousness towards workers’ welfare, noting that recent interventions had significantly improved the lives and civil rights of Edo workers.
“Within six months in office, you have performed excellently for Edo workers. Your achievements surpass our expectations and show real commitment to the needs of workers
“We also thank President Bola Tinubu for supporting Edo State. The first flyover is under construction, and a second has already been approved for development.
“Additionally, federal roads across the state are now receiving the urgent attention they have long needed, thanks to the partnership with the Federal Government,” Egwekhide said.
News
Rivers Gears Up For First Round Of Polio Immunization Campaign
Rivers State is set for the first round of the Oral Polio Vaccine Immunization Campaign from the 3rd through to the 6th of May, 2025.
This was disclosed by the state Director, Community Health Services, Dr. Joy Tonye Wihioka, during a sensitization meeting with the Social and Behavioral-Change Communication Committee (SBCC) and stakeholders for the round one of the National Immunization Pulse Days (NIPDs) in Port Harcourt.
According to Dr. Wihioka, this campaign is targeted at the hard to reach areas and will focus on children within the age range of zero to five years.
The Immunization exercise according to her, will basically go from house to house, community to community and school to school campaign.
She said the meeting is primarily a Clarion call to all relevant stakeholders to create awareness on the improvement of the programme in the state.
Dr. Wihioka explained that the Rivers State government is striving towards sufficient coverage in the vaccination exercise, noting that the state has recorded over 90% coverage of the vaccination exercise, save for the hard to reach areas, hence this exercise is deliberately targeted at these areas, as all necessary logistics have been put in place to ensure the successful implementation of the immunization campaign.
She said that one great achievement of the state is the near eradication of measles and whooping cough, even as the the state is not resting on its oars in carrying consistent surveillance for other vaccine preventable diseases.
She explained that it is the testament of the vaccination successes that most of these diseases have been eradicated in our dear state, that over the years it has been proven that vaccines are safe in managing preventable diseases.
On her part, the State Health Educator, Rivers State Primary Health Care Management Board (RSPHCMB), Dr Babbo Diana, said one day had been designated to school children for the first round of the Oral Polio Vaccine Immunization Campaign, explaining that children between the ages of zero to five years, would be targeted in churches, mosques, market places and schools for them to be vaccinated.
He added that this year’s exercise would address the high number of unresolved non compliance cases.
Earlier, a representative of the World Health Organization (WHO), Ajawa Chibuzor, had pledged the support of the WHO in curtailing the issue of vaccine preventable diseases in the state.
Chibuzor who is an Assistant Health Public Officer said the Organisation is fully committed to ensuring that Rivers State is free from all vaccine preventable diseases.
Also speaking, the representative of the United Nation International children Educational fund (UNICEF), Sandra James, said that UNICEF would encourage the Rivers State Health Care Management Board (RSPHCMB) to have a healthy State free of Polio.
-
Business11 hours ago
Farmers Set Expectations For New BOA MD
-
News9 hours ago
Tinubu Urges Youths To Leverage NASRDA Skills Acquisition Project For Employment
-
Politics11 hours ago
Bayelsa PDP Crisis Deepens As Factional CTC Sacks Party Management Structure
-
Niger Delta11 hours ago
Health Professions Not Superior To Others – Bayelsa Dep Gov
-
Nation10 hours ago
CBEX Resumes Operations Despite SEC Ban, N1.2trn EFCC Probe
-
Women11 hours ago
Justice Prevails Over Osinachi’s Death
-
Politics11 hours ago
Enugu LP Loses Pub Sec To PDP
-
Niger Delta11 hours ago
Diri Recommits To Support For Security Agencies …Cautions AIG, Sacks Youth Exco