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Maritime Workers Issue 14-day Ultimatum to FG Over Unpaid Wages

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  • Maritime Workers Issue 14-day Ultimatum to FG Over Unpaid Wages

Maritime Workers Union of Nigeria has issued a two-week ultimatum to the Federal Government to compel the International Oil Companies to pay all outstanding bill on stevedoring owed dockworkers, which it claimed was over a year.

This was contained in a statement signed by the union’s President and Secretary General, Prince Adewale Adeyanju and Felix Akingboye respectively on Thursday, a copy of which was made available to our correspondent.

The union asked the Federal Ministry of transportation to within the next 14 days address the issue or the nation’s ports would shut down.

They alleged that the dockworkers had worked for over a year without being paid any money, adding that some of them could no longer fulfil their financial obligations, as the IOCs had refused to process their invoices.

The statement read in part, “We want to use this medium to intimate you and the Federal Government of the non-payment of the stevedoring wages to dockworkers by the International Oil Companies operating in Nigeria. We are aware that on June 1, 2018, the Nigerian Ports Authority appointed stevedoring contractors to provide stevedoring services at various offshore jetties and onshore locations to the International Oil Companies and other operators.

“It will be necessary to inform you that NPA had held several meetings with these operators to grant access to the government-appointed stevedoring contractors, process their invoices and effect payment, unfortunately, the operators have refused to comply with the NPA’s directive after one year that the stevedoring contractors were appointed.

“We commend the Managing Director of the Nigerian Ports Authority for the effort NPA made to compel the IOCs to engage the services of appointed stevedoring and registered dockworkers in their stevedoring operations.”

The association noted further that during a stakeholders’ meeting organised by the NPA in February last year to sensitise the IOCs, jetty owners and terminal owners, the NPA management made it clear that in line with section 27 of the Nigerian Maritime Administration and Safety Agency Act, 2007, only government-appointed stevedores and registered dockworkers were empowered by law to solely handle discharge and loading operations at the port, jetties and oil platforms.

The union added, “The position of the operators on NPA’s directive is worrisome and very surprising because the same operators had processed and paid the former stevedoring contractors since 2010 through a foremost terminal operator. So, why are they refusing to cooperate with the newly-appointed stevedoring contractors since the modus operandi remains the same?”

The union, which lamented that it had monitored the turn of events in the last one year, stated that given the defiant attitude of the IOCs, some dockworkers had died untimely, while some others could no longer meet their obligations like payment of house rent, children school fees and hospital bills, to mention but a few.

It added, “We can no longer continue to watch our members die prematurely because of the defiant attitude of the IOCs.

“Consequently, we are constrained to give the Federal Ministry of Transportation that superintends the appointment of stevedores two- weeks (14 days) to prevail on the management of the International Oil Companies to pay all outstanding bills to our members, failure of which we will be compelled to withdraw our services and shut down operations in all the nation’s Sea Ports.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Economy

Fall in Economic Activities in Nigeria Created N485.51 Billion Fiscal Deficit in January -CBN

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The drop in economic activities in Africa’s largest economy Nigeria led to a N485.51 billion fiscal deficit in January, according to the latest data from the Central Bank of Nigeria (CBN).

In the monthly economic report released on Friday by the apex bank, the weak revenue performance in January 2021 was due to the decline in non-oil receipts following the lingering negative effects of COVID-19 pandemic on business activities and the resultant shortfall in tax revenues.

In part, the report read, “Federally collected revenue in January 2021 was N807.54bn.

“This was 4.6 per cent below the provisional budget benchmark and 12.8 per cent lower than the collection in the corresponding period of 2020.

“Oil and non-oil revenue constituted 45.4 per cent and 54.6 per cent of the total collection respectively. The modest rebound in crude oil prices in the preceding three months enhanced the contribution of oil revenue to total revenue, relative to the budget benchmark.

“Non-oil revenue sources underperformed, owing to the shortfalls in collections from VAT, corporate tax, and FGN independent revenue sources.

“Retained revenue of the Federal Government of Nigeria was lower-than-trend due to the lingering effects of the COVID-19 pandemic.”

“At N285.26bn, FGN’s retained revenue fell short of its programmed benchmark and collections in January 2020, by 41.3 per cent and 7.5 per cent respectively.

“In contrast, the provisional aggregate expenditure of the FGN rose from N717.6bn in December 2020 to N770.77bn in the reporting period, but remained 14.4 per cent below the monthly target of N900.88bn.

“Fiscal operations of the FGN in January 2021 resulted in a tentative overall deficit of N485.51bn.”

The report noted that Nigeria’s total public debt stood at N28.03 trillion as of the end-September 2020, with domestic and external debts accounting for 56.5 percent and 43.5 percent, respectively.

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NNPC Supplies 1.44 Billion Litres of Petrol in January 2021

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The Nigerian National Petroleum Corporation (NNPC) supplied a total of 1.44 billion litres of Premium Motor Spirit popularly known as petrol in January 2021.

The corporation disclosed in its latest Monthly Financial and Operations Report (MFOR) for the month of January.

NNPC said the 1.44 billion litres translate to 46.30 million litres per day.

Also, a total of 223.55Billion Cubic Feet (BCF) of natural gas was produced in the month of January 2021, translating to an average daily production of 7,220.22 Million Standard Cubic Feet per Day (mmscfd).

The 223.55BCF gas production figure also represents a 4.79% increase over output in December 2020.

Also, the daily average natural gas supply to gas power plants increased by 2.38 percent to 836mmscfd, equivalent to power generation of 3,415MW.

For the period of January 2020 to January 2021, a total of 2,973.01BCF of gas was produced representing an average daily production of 7,585.78 mmscfd during the period.

Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 65.20%, 19.97 percent and 14.83 percent respectively to the total national gas production.

Out of the total gas output in January 2021, a total of 149.24BCF of gas was commercialized consisting of 44.29BCF and 104.95BCF for the domestic and export markets respectively.

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Economy

NNPC Says Pipeline Vandalism Decrease by 37.21 Percent in January 2021

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The Nigerian National Petroleum Corporation (NNPC) said vandalisation of pipelines across the country reduced by 37.21 percent in the month of January 2021.

This was disclosed in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR).

The report noted that 27 pipeline points were vandalised in January 2021, down from 43 points posted in December 2020.

It also stated that the Mosimi Area accounted for 74 percent of the total vandalised points in Janauray while Kaduna Area and Port Harcourt accounted for the remaining 22 percent and 4 percent respectively.

NNPC said it will continue to engage local communities and other stakeholders to reduce and eventually eliminate the pipeline vandalism menace.

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