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NLC and TUC Suspend Strike For One Week Over Minimum Wage, Electricity Tariff Hike

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Nigeria Labour Congress - Investors King

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have announced the suspension of their industrial action for one week.

The strike, initiated to protest the lack of consensus on a new minimum wage and the recent hike in electricity tariffs, had brought critical sectors of the Nigerian economy to a standstill.

Temporary Halt in Strike Actions

Festus Osifo, the president of the TUC, made the announcement on Tuesday following a joint extraordinary national executive council meeting held in Abuja.

The decision to suspend the strike is intended to provide a window for further negotiations with the government.

Osifo assured that a detailed communique outlining the unions’ expectations and next steps would be issued shortly.

Background of the Strike

The industrial action began on Monday, causing widespread disruption across the country. Schools, businesses, hospitals, and airports were shut down, significantly affecting daily activities.

Also, the national grid was shut down, plunging the nation into darkness and highlighting the severity of the unions’ grievances.

The NLC and TUC have been adamant about their demands for a revised minimum wage that reflects the current economic realities and an immediate reversal of the electricity tariff hike, which they argue places an undue financial burden on Nigerians.

Impact of the Strike

The shutdown had immediate and far-reaching impacts. Educational institutions were closed, disrupting the academic calendar. Business operations were halted, leading to potential financial losses.

The healthcare sector, already strained, faced additional challenges as hospitals were forced to operate on limited resources or close entirely. Airports, critical for both domestic and international travel, saw significant disruptions, affecting thousands of passengers.

Perhaps most critically, the national grid shutdown resulted in widespread power outages, affecting both residential areas and industrial operations. This blackout underscored the unions’ influence and the severity of their concerns.

Government’s Response and Next Steps

In response to the strike, government officials have been working to address the unions’ demands. The suspension of the strike is seen as a positive step towards achieving a resolution, but the unions have made it clear that this is a temporary measure. They expect substantive progress in the negotiations within the week.

The forthcoming communique from the NLC and TUC will likely provide more detailed insights into the terms of the suspension and the unions’ expectations from the government. Both parties will need to navigate these discussions carefully to avoid further disruptions.

Public Reaction

The public has reacted with a mix of relief and cautious optimism. Many Nigerians have expressed hope that the temporary suspension will lead to a lasting resolution that addresses the economic hardships faced by the populace.

However, there is also a palpable sense of uncertainty, given the history of prolonged negotiations without concrete outcomes.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Akwa Ibom Governor Approves N80,000 Minimum Wage For Workers

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Governor Umo Eno of Akwa Ibom has validated a new minimum wage package of N80,000 for workers in the employment of the state government.

Eno has joined other states including Lagos, Edo, Rivers among others who had taken steps to pay their employees the new minimum wage.

Investors King had reported that the Federal Government and the Nigeria Labour Union had signed a Memorandum of Understanding for N70,000 as least amount to be earned by Nigerian workers, especially those employed by civil authorities.

Some other states including Osun, Oyo, Zamfara among others have not announced the amounts they would be paying their workers.

Making the approval of the N80,000 minimum wage known on Wednesday, Governor Eno also constituted an implementation committee for the smooth kick-off of the new wage regime with the Head of the Civil Service (HoCS), Elder Effiong Essien, as Chairman.

According to the governor, the committee has one month ultimatum to deliver its report on the wage increase harmonisation.

The Commissioner for Information of Akwa Ibom, Comrade Ini Ememobong, while addressing newsmen, listed other members of the committee to include the Chairman, Local Government Service Commission (LGSC) and Permanent Secretaries in the Ministries of Finance and Department of Establishments.

Others are the Permanent Secretary, Ministry of Labour and Manpower Planning; Permanent Secretary/Solicitor General, Ministry of Justice; Permanent Secretary/Accountant General; Permanent Secretary, Local Government Service Commission (LGSC); Permanent Secretary, Office of the Head of Civil Service; Director of Budget and the State Chairman, Joint Public Service Negotiating Council.

The list also has the Secretary, Joint Public Sector Negotiating Council; State Chairperson, Nigeria Labour Congress (NLC); State Chairman, Trade Union Congress (TUC) and the State President, Nigeria Union of Local Government Employees (NULGE) as members.

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Osun Workers Lament Overdue Minimum Wage as Neighboring States Implement Pay Hike

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Workers in Osun have expressed dissatisfaction over Governor Ademola Adeleke’s failure to implement the newly approved minimum wage especially as governors of many other states have approved the increase.

In a chat with journalists in Osogbo on Monday, October 21, some workers in the state aired their frustration with the state government.

Investors King reported that some states including Lagos, Rivers, Ondo, Ekiti, Kwara, among others, have announced an increased in the minimum wage of civil servants.

In Ondo State for instance, on Saturday, October 12, Governor Lucky Aiyedatiwa announced a new minimum wage of N73,000 for civil servants in the state.

Governor Aiyedatiwa, who revealed the new wage during the All Progressives Congress (APC) campaign flag-off in Ondo West Local Government Area, stated that the government has implemented measures, including training programs and timely salary payments, to motivate civil servants.

Similarly, workers in Kogi State received a significant boost in their wages.

During the unveiling ceremony of the new minimum wage on Monday, October 7, Governor Ododo announced an immediate salary increase of N72,500 for civil servants in the state.

Ododo added to the excitement of the workers by announcing a one-year suspension of the Pay-As-You-Earn (PAYE) tax.

However, in Osun State, the workers revealed that they had waited patiently with hopes that the state government would implement the new wage.

The workers emphasized that the payment of the newly approved wage was long overdue and leaving the workers battling with more hardship.

According to Opemipo, a worker in the state, the economic hardship was becoming unbearable for civil servants in the state.

She urged Governor Adeleke to implement the new wage without delay to lift the burden off the workers.

She said, “I wonder what is causing the delay. Other neighbouring states have implemented theirs, and I wonder what is delaying our own.

”This economic hardship is becoming unbearable, and I appeal to Gov. Adeleke to act fast.”

Another civil servant in the state emphasized that the delay was becoming worrisome.

To him, the new wage may be small, however, it will be of great help to the workers.

He noted that the government is yet to even negotiate the new wage to be paid to the state’s workers.

He ended by saying that the delay reflects the government’s lack of commitment to the welfare of workers in the state.

He said, “We are worried over the delay. No matter how little the minimum wage might be, at least it will assist in fixing one or two things.

“But now that the government is not coming forth with what it is willing to pay, it is a serious source of concern for us.

“States like Ekiti, Ondo, Lagos, Kwara, Ogun and others have implemented theirs, why Osun?.

“This shows a lack of commitment to the welfare of workers in the state.

“I hope the state government will come out on time to let the workers know their fate.”

The cries of the Osun State workers comes despite assurance by the State Commissioner for Information and Public Enlightenment, Kolapo Alimi, that the minimum wage committee would soon complete its assignment.

Meanwhile, The organized labour has expressed dissatisfaction with the continued delay in the implementation of the new minimum wage for workers by some state governors.

A labour leader who spoke with journalists revealed that the union has agreed to wait until the end of October, adding that they will take appropriate action after the ultimatum.

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FIRS Commences 2024 Recruitment for Tax Officers

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FIRS

The Federal Inland Revenue Service (FIRS) has announced the commencement of its 2024 recruitment exercise for interested and qualified Nigerians to join the service.

This was announced on FIRS’s official X handle on Monday, October 21.

The service revealed that applicants for the available position of Tax Officers must be graduates from Nigeria.

The statement further stated that applicants must possess certain qualities including integrity, a strong desire to excel, strong analytics, problem-solving and communication skills to qualify for the vacant position.

The statement, titled; Recruitment Notice, also stated that specific information regarding application procedures, including deadline and submission details, will be published shortly on the FIRS official website, https://www.firs.gov.ng.

The FIRS encouraged all eligible candidates, regardless of gender, ethnicity, or background, to apply noting that the service is an equal opportunity employer.

The statement reads, “The Federal Inland Revenue Service (FIRS) is excited to announce upcoming opportunities for young graduates to join our team as Tax Officers (Officer II and Officer I) in various locations across Nigeria.

We are looking for candidates with integrity and a strong desire to excel professionally, as well as those who possess strong analytical, problem-solving, and communications skills.

Further specific information regarding application procedures, including application deadline and submission details, will be published shortly on our official website.

The Federal Inland Revenue Service (FIRS) is an equal-opportunity employer.

We encourage all eligible candidates, regardless of gender, ethnicity, or background, to consider applying.”

Investors King reported that in a move to address the staffing gap in teaching in Ogun State, Governor Dapo Abiodun unveiled an online portal for qualified individuals interested in joining the civil service in the state.

The application portal was unveiled by the State Ministry of Education, Science and Technology in a statement issued by the Commissioner for Education, Prof. Abayomi Arigbabu.

Arigbabu noted that the recruitment will be overseen by the Ministry in collaboration with the State Teaching Service Commission, the State Universal Basic Education Board, and the Ogun State Technical and Vocational Education Board.

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