Connect with us

Jobs

President Tinubu Asserts Minimum Wage Will Reflect Nigeria’s Economic Realities

Published

on

Bola Tinubu

President Bola Tinubu declared that Nigeria’s minimum wage will be determined by what the nation can afford.

Speaking at a dinner celebrating Nigeria’s 25 years of unbroken democratic rule, Tinubu said it is necessary to align the minimum wage with the country’s economic realities.

“The minimum wage is going to be what Nigerians can afford, what you can afford and what I can afford,” President Tinubu stated, addressing a gathering of dignitaries and officials in Abuja on Wednesday.

This pronouncement comes amid ongoing discussions and debates about the appropriate level for the national minimum wage.

The Organised Labour has been vocal in its demand for a significant increase, proposing a minimum wage of N250,000, far exceeding the N62,000 suggested by the federal government team in the Tripartite Committee on Minimum Wage.

In response to Tinubu’s statement, Labour leaders have reiterated their stance, refusing to accept what they term a “starvation minimum wage.”

Tinubu’s remarks also touched on the broader issue of food inflation, a critical concern for many Nigerians. The President acknowledged the role of banditry in exacerbating food scarcity and driving up prices.

“The promises I could make is to struggle to bring the food price down but those bandits must leave the farmers alone and bring Nigeria back to its glory of production and harvesting,” he said.

Highlighting the challenges posed by entrenched interests in the oil industry, Tinubu noted that those accustomed to significant profits over decades are resistant to changes that might disrupt their financial advantages.

This resistance, he argued, is part of the broader struggle Nigeria faces in its path to economic stability and growth.

Reflecting on the nation’s democratic journey, Tinubu expressed pride and optimism. He recounted a humorous incident from the morning’s Democracy Day parade, where he stumbled while performing the traditional Yoruba “dobale” (prostration). “Democracy is worth falling for,” he quipped, underscoring his deep commitment to the democratic process.

The President also addressed calls for fiscal prudence from various quarters, particularly in light of Labour’s demands. He urged Nigerians to manage their expectations realistically. “They ask you to cut your coat according to your size, if you have size at all,” he remarked, advocating for economic policies that reflect the nation’s financial realities.

Tinubu praised the spirit of unity and cooperation demonstrated by leaders across party lines, acknowledging the presence of governors from various states and parties at the dinner.

He reiterated the importance of national unity, saying “Is it not true that Nigeria is greater than any one of us? The unity of this country cannot be traded.”

The President also took a moment to reflect on criticisms regarding the reversal to the old National Anthem, defending the decision as part of Nigeria’s rich cultural heritage.

“If you cannot change the name Nigeria are you the creator of Nigerian name?” he queried, affirming his commitment to the country’s identity and unity.

As Nigeria looks to the future, President Tinubu called for collective effort and investment in national orientation to instill a sense of responsibility and patriotism in the younger generation.

“We will make Nigeria a tremendously successful country if we gather as we gather here tonight and encourage our children about the charter of our value system,” he stated.

In closing, Tinubu highlighted the importance of rejecting corruption and upholding integrity, praising customs officers in Kebbi and Ondo for their recent actions against bribery and vandalism.

“Citizenship is not just the dictionary meaning of it; it is the actual character in us, and we must teach these ones to achieve it,” he concluded.

The dinner was attended by notable personalities, including former Foreign Minister Bolaji Akinyemi, diplomat Babagana Kingibe, veteran journalist Segun Osoba, and political leaders Bisi Akande, Pius Akinyelure, and Lawal Shuaibu, among others.

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.

Continue Reading
Comments

Jobs

Akwa Ibom Governor Approves N80,000 Minimum Wage For Workers

Published

on

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.

Continue Reading

Jobs

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

Published

on

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.

Continue Reading

Jobs

FIRS Commences 2024 Recruitment for Tax Officers

Published

on

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.

Continue Reading
Advertisement
Advertisement




Advertisement
Advertisement
Advertisement

Trending