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NLC Warns Against Hike in Fuel Price



NLC President, Comrade Ayuba Wabba

Following the purported plan by the federal government to hike the price of petroleum products, the Nigerian Labour Congress (NLC) wednesday threatened to take drastic action over any move to further hike fuel price after the last increase.

Though the federal government has clearly denied any such plan, the NLC at the end of an emergency Central Working Committee (CWC) meeting said congress is not taking such a plan lightly.

In a communique signed by NLC President, Ayuba Wabba and Secretary General, Dr. Peter Ozo-Ezon, “expressed concern at the body language of the oil marketers which points to the process of yet another round of increase in the pump price of petroleum products, warning that another spate of increase in any form will not be acceptable.”

NLC further declared that “In view of the incalculable damage any further increase in the pump price of petroleum products will cause, marketers should not contemplate this option.”

They also “called on NERC and DISCOs to obey without further delay, the subsisting court order by reviewing downward the current electricity tariff.”

NLC noted: “that in spite of the subsisting court order declaring as illegal the electricity tariff review, NERC and DISCOs are yet to comply with the court order.”

The organisation added that “in view of the growing difficulties in the economy associated with inflation and devaluation of the Naira, a new minimum wage is not only imperative but urgent as the current minimum wage cannot take the workers to the next bus stop.”

Meanwhile, the association said it would next week stage a protest against the Nasarawa State Governor, Alhaji Tanko Al-Makura, over alleged impunity and abuse of workers’ right.

To that effect, the NLC said it will “declare August 23, 2016 as national day of mourning in honour of the dead and injured workers in Nassarawa State.

“Invite Nigerian workers and civil society allies from across the country to Lafiaon August 23, 2016 to peacefully protest against the illegal actions, impunity and murderous schemes of Al-Makura.”

The NLC explained that “even if workers were on protest, the right to lawful assembly and protest is guaranteed by the 1999 Constitution, Labour Legislations and ILO Conventions to which Nigeria is a signatory.”

They also expressed “outrage at the concerted effort by the Nasarawa Police Command and the government of Nasarawa state at a criminal cover up.”

The body also described “the shooting as barbaric, tragic and saddening, noting that the absence of remorse by the Nasarawa Police Command or the Nasarawa State Governor shows it was a premeditated action.

“The mindless violence unleashed on workers is part of a calculated attempt by some governors to silence lawful and peaceful protests against their acts of impunity, unlawful and criminal conduct and will be resisted by workers with everything workers have.”

They added: “There have been systematic and co-ordinated attacks on the rights of workers in some states such as Nasarawa, Kogi and Imo by way of non-payment of salaries and pensions; illegal whittling down of the workforce via declaration of workers as ghost workers; unlawful abrogation of working days and hours; and surreptitious sacking of workers.”

NLC further demanded for “full justice for the injured and the dead by way of unbiased investigation, appropriate punishment and full compensation for the victims of this senseless shooting “Put in place a series of actions to compel the government of Nasarawa State and Nasarawa Police Command to account for their actions,” the NLC stated.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.


Kagame Dominates Election with 99.15% of Votes Counted



President Paul Kagame has taken a commanding lead in the Rwandan presidential election, securing 99.15% of the votes counted thus far, according to the National Electoral Commission.

The provisional results, reported by the state broadcaster Rwanda Broadcasting Agency, indicate a decisive victory for the Rwandan Patriotic Front candidate.

With 79% of the ballots tallied, Kagame’s overwhelming lead leaves his opponents trailing significantly.

Frank Habineza of the Democratic Green Party of Rwanda has garnered only 0.53% of the votes, while independent candidate Philippe Mpayimana has received 0.32%.

The voter turnout has been reported at an impressive 98%, underscoring the high level of public engagement in the electoral process.

The early results suggest a strong mandate for Kagame, who has been at the helm of Rwandan politics since 2000.

Kagame’s administration has been marked by significant economic growth and development, but it has also faced criticism for its stance on political dissent and freedom of expression.

Despite this, Kagame remains a highly popular figure in Rwanda, with many citizens crediting him for the country’s stability and progress.

The National Electoral Commission is expected to release the final results in the coming days. As the tallying continues, Kagame’s supporters have already begun celebrating his anticipated victory.

Analysts believe that Kagame’s likely re-election will provide continuity in Rwanda’s economic policies and development programs.

However, they also call for more inclusive governance and respect for political freedoms to ensure long-term stability and growth.

Kagame’s near-unanimous support in the early results reflects his entrenched position in Rwandan politics.

His ability to maintain such high levels of support will be a focal point of discussion in the aftermath of the election.

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Kenya Prepares for More Protests Over Unresolved Political Crisis



Kenya is on the brink of another wave of anti-government protests as efforts to resolve the nation’s escalating political crisis appear to have stalled.

President William Ruto’s proposal for a national dialogue has yet to take off, leaving the nation in a state of heightened tension.

Activists have called for demonstrations across the East African nation on Tuesday, protesting the government’s failure to hold security forces accountable for the deaths of at least 41 people.

These casualties occurred during protests against Ruto’s contentious plan to raise taxes over the past month.

Despite the president’s announcement last week that national dialogue would commence on Monday to defuse the situation, progress has been elusive.

The main opposition party, the Orange Democratic Movement (ODM), expressed uncertainty regarding the proposed talks.

“We haven’t received any invitation,” ODM Secretary-General Edwin Sifuna stated. “When called, we’ll go because we are keen on getting broad-based reforms.”

A spokesperson for the presidency indicated that parliamentary leaders were managing the planned talks, but National Assembly majority leader Kimani Ichung’wah did not respond to requests for comment.

Protests initially erupted in mid-June over Ruto’s plans to increase taxes on essential goods, including bread and diapers, aiming to raise over $2 billion to reduce the government’s budget shortfall.

The public outcry forced Ruto to abandon the proposal, but dissatisfaction remains high.

Last week, in a dramatic move to quell public anger, Ruto fired almost all his cabinet members, underscoring the severity of the discontent.

The scrapping of the tax measures is expected to widen the government’s budget deficit to 3.6% of GDP in the current fiscal year, up from a previous projection of 3.3%.

This financial strain has not gone unnoticed; Moody’s Ratings downgraded Kenya’s rating by a step to Caa1, plunging it deeper into junk status, highlighting the country’s deteriorating fiscal condition.

On Saturday, Ruto vowed to hold accountable those responsible for the recent killings. However, his efforts to address public concerns seem insufficient to stem the tide of unrest.

On Monday, he called on the Ford Foundation, an organization promoting civic engagement, to clarify its role in the protests, though the foundation did not respond to requests for comment.

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Rishi Sunak Announces Resignation Amid Labour’s Sweeping Victory



Rishi Sunak

Prime Minister Rishi Sunak has announced his resignation as the leader of the Conservative Party following a historic victory by Labour in the general election.

Addressing the nation from the steps of 10 Downing Street, Sunak expressed his deep regret and took full responsibility for the party’s defeat.

“I would like to say, first and foremost, I am sorry. I have given this job my all,” Sunak began, visibly moved.

“But you have sent a clear signal that the government of the United Kingdom must change. And yours is the only judgement that matters. I have heard your anger, your disappointment, and I take responsibility for this loss.”

The Conservatives experienced a staggering loss, with more seats taken by Labour than in any previous election.

This shift marked a dramatic change in the political landscape, as large swathes of the country turned red. Sir Keir Starmer, leader of the Labour Party, claimed victory early Friday morning, addressing a jubilant crowd of supporters.

“The UK has the opportunity after 14 years to get its future back,” Starmer proclaimed.

Sunak, who retained his seat in Richmond, North Yorkshire, described the night as “sobering.”

In his concession, he stated, “The Labour Party has won this general election, and I have called Sir Keir Starmer to congratulate him on his victory. The British people have delivered a sobering verdict tonight; there is much to learn, and I take responsibility for the loss.”

Following his resignation speech, Sunak and his wife, Akshata, departed from Downing Street for Buckingham Palace to formally tender his resignation to King Charles III.

A spokesperson for the King confirmed, “His Majesty was graciously pleased to accept.”

Reflecting on his tenure, Sunak said, “I am honoured to have been your prime minister. This is the best country in the world.”

He also acknowledged the many Conservative MPs who lost their seats, stating, “It pains me to think how many good colleagues who contributed so much to their communities and our country will now no longer sit in the House of Commons. I thank them for their hard work and their service.”

As the Conservative Party faces a period of introspection and rebuilding, Sunak emphasized the importance of the party’s role in opposition.

“It is important that the Conservative Party now rebuilds and also takes up its crucial role in opposition, professionally and effectively,” he noted.

The leadership race within the Conservative Party is expected to commence shortly, as the party seeks to navigate its path forward after this significant electoral defeat.

For now, the UK braces for a new political era under Labour’s leadership, with the promise of significant changes on the horizon.

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