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NLC Warns Against Hike in Fuel Price

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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, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Government

NIMC: Presidential Council Faults N1000 NIN Fee, Demands Review 

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The recently announced N1000 National Identification Number (NIN) verification fee for the application, issuance and renewal of international passports by the National Identity Management Commission (NIMC) has been criticised.

The Presidential Enabling Business Environment Council, PEBEC faulted the mandated charge and called for a review.

Investors King had earlier reported that NIMC declared that Nigerians living in the country will pay N1000, while Nigerians residing in other African countries will pay $3 or its equivalent in other currencies and those in other continents across the world will pay $10 or its equivalent in other countries as NIN verification fee for application, issuance and renewal of their international passports.

Reacting to the development, the Special Adviser to the President on Ease of Doing Business/PEBEC Secretary, Jumoke Oduwole, in a statement, emphasised the need for a review to make citizens enjoy quicker and less expensive government services.

Oduwole, who commended the collaboration between NIMC and Nigerian Immigration Service (NIS), said such a partnership will enhance passport services.

She noted that stakeholders are not impressed with the extra charge to be paid for the NIN verification before they can process their passports.  

According to her, the outline of the Business Facilitation (Miscellaneous Provisions) Act 2022 signed into law by the President Muhammadu Buhari on February 8, 2023 states that where an applicant requires the service of a ministry, department or agency, the MDA involved is mandated to conduct the necessary verification or certification from relevant MDAs, in respect of the applicant.

Investors King understands that PUBEC was set up in 2016 by President Buhari with the aim of curbing hectic bottlenecks and bureaucratic limitations accompanied with owning and managing business enterprises in Nigeria. 

The chairman of the council is the vice president, Prof. Yemi Osinbajo. PUBEC has since its existence periodically issued EO1 Compliance Reports containing monthly reports of Ministries, Departments and Agencies submitted to the council.

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INEC Considers Postponement of Governorship and State Assembly Elections Amidst Legal Battles

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BVAS Machine

The Independent National Electoral Commission (INEC) is currently considering the possibility of postponing the upcoming governorship and state assembly elections, following the legal battles that have arisen from the recent presidential and national assembly polls.

INEC is expected to make a decision on the issue during a meeting of its national commissioners, scheduled for Wednesday night.

Investors King understands that the legal battles revolve around the extraction of data embedded in the bimodal voter accreditation system (BVAS) and the inspection of other election materials.

The presidential candidate of the Labour Party (LP), Peter Obi, and the standard bearer of the Peoples Democratic Party (PDP), Atiku Abubakar, have filed similar applications seeking to obtain the certified true copy (CTC) of all the data in the BVAS.

INEC has opposed the applications, arguing that granting them would affect its preparations for the forthcoming elections.

Tanimu Inuwa, counsel to INEC, has asked the court to vary the orders granting permission to Obi and Atiku to inspect all the sensitive materials used in the conduct of the presidential election.

However, the court has refused to grant INEC’s request, stating that the commission failed to specify which of the orders it wished to vary.

The court has clarified that it granted Obi and LP permission to do electronic scanning and/or make photocopies of voter registration and ballot papers used in the conduct of the election, and not permission to access the database of INEC, as misconceived by the electoral body.

Given the legal battles and the possible impact on preparations for the forthcoming elections, INEC is now considering postponing the governorship and state assembly elections.

This decision, if taken, would have significant implications for the electoral process and could further heighten tensions in the country.

The ongoing legal battles highlight the need for all stakeholders to work together to ensure a free, fair and credible electoral process. It is essential that INEC and other stakeholders prioritize the integrity of the electoral process over political expediency and work towards resolving these legal disputes in a timely and transparent manner.

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FG Estimates N869bn For 2023 Census, Seeks Financial Aid

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population

The Federal Government has totalled the fund needed for the conduct of the 2023 population and housing census as N869bn.

Investors King reports that Nigerians and organisations have been called upon to donate N327.2bn out of the estimated cost as the government already made provision for N291.5bn.

The Minister of State for Budget and National Planning, Clem Agba, during a dialogue with partners for the census in Abuja on Monday, stated that the FG plans to set up a basket fund to collect donations.

Agba noted that the basket fund will be coordinated by the United Nations Population Fund (UNFPA) who will provide technical and financial support to the National Population Commission (NPC).

He appealed to well-meaning citizens and private sectors to either donate cash or essential materials needed for the national census.

The minister gave the breakdown of the estimated cost; “The total requirement for the census (including post census activities) is N869bn ($1.88bn): census requirement – N626bn ($1.36bn) which is about $6 per capita (just slightly above the threshold of up to $5 per capita); Post-Census (up to 2025) is N243bn ($527m).

“So far, the government has committed N291.5bn ($632m) to the census, making it 46 per cent of total funding for the census. An additional (immediate) sum of N327.2bn ($709.9m) is required to complete the census.”

Agba stated that the national headcount was scheduled to hold in 2022 but was shifted to March, 2023, adding that there is a recommendation for it to be moved to May 2023.

He recalled that the last census was done in 2006 and the next ought to be held in 2016 as recommended by the United Nations for Decennial census.

In her remarks, the Resident Representative, UNFPA, Ms Ulla Mueller, harped on the need to take the census seriously to stop guessing the present population of the country.

She stated that UNFPA will support the census exercise financially and technically to the tune of $10m.

Also, the Chairman, Heirs Holdings Group and Founder, The Tony Elumelu Foundation, Tony Elumelu, on behalf of the Organised Private Sector and African Philanthropic Organisations spoke on the urgent need for the census to accurately plan based on the needs of the citizens to boost the nation’s development.

“For me, this task is critical to our country’s future – if we do not know our population, we cannot properly plot our developmental path, our economic growth, our society’s goals. Credible demographic data is of profound importance for the public and private sectors alike.  We all know we live in a data-driven world.

“The upcoming census is a significant milestone in Nigeria’s development, as it provides an opportunity to collect accurate and reliable data on the country’s population and housing, which will serve as a vital tool for policymakers, private sector actors, and civil society organisations,” he said.

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