News
Don’t devalue naira after implementing new national minimum wage – Workers tell Tinubu
Employees represented by the Federal Workers Forum (FWF) have advised the administration of President Bola Ahmed Tinubu not to diminish the value of the naira following the enactment of the new national minimum wage. This counsel was expressed during a gathering held on Sunday, and a formal statement was issued afterward, bearing the signature of Comrade Andrew Emelieze, the National Coordinator of the forum.
The Nigeria Labour Congress (NLC) has persistently advocated for a revised national minimum wage since the removal of subsidies on Premium Motor Spirit (PMS). While commending the government for instituting the wage adjustment, the forum urged against any devaluation of the naira post the implementation of the new national minimum wage.
Emelieze additionally urged the government to settle all outstanding dues owed to federal workers and to announce the new minimum wage by Workers Day, scheduled for May 1, 2024. Despite the gratitude expressed for the ₦35,000 wage increment, the forum emphasized that it has not adequately addressed the economic hardships faced by federal workers since the subsidy removal and subsequent currency devaluation.
Stressing the necessity for a livable wage, the forum insisted that President Tinubu’s commitment to such a wage must be upheld. Given the current cost of living challenges, they argued that ₦300,000, which is less than 1% of the President’s salary, would not be excessive as a federal minimum wage.
They highlighted the daily expenses for transportation and meals, asserting that for survival, a worker would require an average of ₦10,000 per day. They called for fairness and justice in wage determination, declaring their intention to reject anything below a livable wage and demanding the clearance of all outstanding dues owed to federal workers.
Lastly, they appealed to the Federal Government to refrain from any actions that would further devalue the naira, emphasizing that federal workers have endured enough hardship and it is time to eradicate poverty among them.
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
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