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CPUON Cries out  to FG, calls for Review of PENCON Act ….Seeks upward review of their pension ….As retirees die of hunger, harsh economic situation 

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Disturbed by the prolonged neglect of retirees of the public sector, and the paltry amount being paid to Pensioners as pension, the Contributory Pensioners Union of Nigeria has pleaded with the Federal government to as a matter urgency review the PENCON Act.

National Assembly

In this exclusive interview with the Publisher of Daily Echoes Media, Ignatius Okorocha, National Secretary of Contributory Pensioners Union of Nigeria (CPUON), Comrade Eugene Emezue disclosed that the Federal government has not reviewed the PENCON  Act. According to the National Secretary the delay in amending the PENCON Act has resulted in Pensioners being neglected to the extent that their pension and not paid as and when due and even when it is paid, it is nothing to write home about in view of the hard economic situation in the country.
“First and foremost,the National Pension Commission otherwise known as PENCON is duly commissioned by the Federal government to be the regulator of all Contributory pension scheme in Nigeria of the Treasury funded at Federal, State and local government levels in this country.
“For almost 20 years now (2004) when most of the Civil Servants were assumed to have retired but for those who could migrate from the defined benefit scheme, migrated from the Contributory Pension Scheme in 2007 and from 2007 to date, government has not deemed it fit to review the Contributory Pension Scheme for retirees.
“That is the problem we are having. For that problem to be solved, the Federal government of Nigeria should listen to the National Pension of Nigeria. Whatever policy they have done, the Act stipulates according to section 173 and section 3 of 1999 constitution as amended,empowered the government and all Pensioners for their pension to be reviewed every five years or whenever there is an increase in salaries and wages of active workers.
“As pensioners today, we were formally active workers and according to section 91 of the Labour Act. It states that there two  contract agreement worker:
1. Active worker.When one works for 35 years or sixty years before retirement and after retirement he or she remains an employee of a federal government because he has the contractual passion of it which says that she of her will be receiving pension until death do her/she part.
 “Therefore in view of this, every CPS retiree who is alive must continue to receive pension until he or she dies,” he said.
He further noted that,”It is the responsibility of the employer either in private or public sector and those of us in public sector. So, the federal government of Nigeria owns all workers under CPS their pension review just as the defined benefits scheme are receiving their pension and it is being reviewed by the Federal government.
 He wondered why the Federal government should not review the pension of Contributory Pensioners even when there is salary review of workers at  both federal and state governments levels.
On when the last pension was paid Pensioners he said,” from all indications as of December 2024, people who retired as at February 2023 were not paid their pension almost two years since they retired. It was just by December that the PENCON managed to pay  about three to four months arrears ( that February, March and April) from my own record  PENCON has not paid any Pensioners his or her pension beyond May 2023.”
On the effect of this delay in  payment of pension to retirees, Mr Emezue said,” there has been records of Pensioners dying of sicknesses and starvation looking at the
 present economic situation in the country. Most of these retirees have their children  still in schools and some of them have lost their accommodations because they were unable  to pay their rents.”
He pleaded with the leadership of the House of Representatives and Senate committees to review PENCON Act for the larger interest of retirees welfare while calling for an upward review of their  pension  take home package in the light of the current hard economic situation in the country.

Business & Economy

FG Secures Release of 98 Transmission Equipment Containers Stranded for Decades

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Minister of Power, Joseph Tegbe(right),Comptroller-General of Customs, Bashir Adeniyi,(2n right)

By Jacob Moses,Abuja

The federal government, through the Ministry of Power under the Minister Joseph Tegbe, has secured the release of transmission equipment that have been stranded at the nation’s ports fortwenty years.

Announcing the development at a media briefing in Lagos, Tegbe said the first 44 containers were released from the ENL Terminal and another 54 from the APMT and Sun & Moon Terminals, bringing the total to 98 of over 300 containers held.

The minister explained that the equipment, which includes high-capacity transformers, cables and switchgear, was procured to expand the transmission network and relieve overloaded substations.

Its detention stalled projects, kept existing substations under heavy strain, exposed valuable assets to deterioration and accumulated charges on the cargoes.

He noted that the cost is felt daily by businesses spending more on alternative power, families enduring interruptions and public institutions struggling to maintain essential services.

The release is in response to President Bola Ahmed Tinubu’s directive that the cargoes be cleared immediately, and the Minister and the Comptroller-General of Customs swung into action, working tirelessly to secure it.

Tegbe credited the president for the breakthrough and thanked the Ministers of Finance and of Marine and Blue Economy, the Comptroller-General of Customs, and officials of the Ministry of Power and its agencies.

Speaking at the event, the Comptroller-General of Customs, Bashir Adeniyi, said the release follows the president’s directive for immediate clearance and for agencies to resolve outstanding charges and administrative bottlenecks without delay.

Customs has begun steps to clear the containers, working with the Ministry of Power, the Nigerian Ports Authority and terminal operators.

He pledged to work hand in hand with the Minister until all the containers are cleared, and appealed to terminal operators to give Nigeria the support required for an important national quest.

Upon inspection, most of the equipment was found to be useful and viable. When evacuated, it will be verified, tested and refurbished where necessary, then deployed to project sites to complete stalled installations, relieve overloaded substations and strengthen constrained transmission corridors.

As these projects enter service, they are expected to deliver fewer interruptions from overloading, better voltage performance and a stronger network to carry electricity to homes, businesses and essential services.

Tegbe assured Nigerians that the Ministry would follow the recovery through to installation and commissioning and provide updates on the remaining containers, expressing confidence that they would be released without further delay.

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Business & Economy

Coastal Highway Will Unlock Blue Economy Corridor-Sen.Imasuen … As ABER Pushes for Nigeria Senate Blue Economy Caucus

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By David Owei

The Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Neda Imasuen (Edo South), has described the Lagos-Calabar Coastal Highway as a game-changer that will unlock Nigeria’s Blue Economy corridor and create new opportunities for littoral communities.

Senator Imasuen made the remark on Wednesday in Abuja when the Founder and Convener of the Africa Blue Economy Roundtable (ABER), Dr. Piriye Kiyaramo, led a delegation on a courtesy visit to his office at the National Assembly.

He commended ABER’s advocacy for a community-owned Blue Economy and pledged to study its proposal for the establishment of a Nigeria Senate Blue Economy Caucus (NSBEC).

Presenting the proposal, Dr. Kiyaramo said that despite Nigeria’s 853km coastline, over 3 million artisanal fisherfolk and an estimated $70 billion annual Blue Economy potential, the country still lacks a dedicated parliamentary mechanism to legislate, coordinate, budget and provide oversight for the sector.

“We lose $2.3 billion annually to illegal, unreported and unregulated (IUU) fishing. We lose mangroves and young lives at sea. Without law, there is no Blue Economy; there is only blue anarchy,” he said.

Dr. Kiyaramo noted that the proposed Caucus is modelled after the East African Legislative Assembly (EALA), which governs Lake Victoria for seven countries.

“If EALA can govern Lake Victoria, the Nigerian Senate can govern the Gulf of Guinea front,” he stated.

He said the NSBEC is anchored on ABER’s vision of a connected, competitive and community-owned Blue Economy where no fisherfolk is left behind.

According to him, the Caucus, when established, could canvass for the Domestication of the AU Blue Economy Strategy, the Lomé Charter, ILO Convention C188 and the FAO Port State Measures Agreement; Legislation and enforcement of the 5-nautical-mile Artisanal Exclusive Zone;
Allocation of at least 10% of marine revenue to artisanal infrastructure; and Rallying South-South States to establish Ministries of Marine and Blue Economy, emulating the Bayelsa model.

Proposed Structure

Kiyaramo recommended a 23-member Caucus comprising two Senators each from Akwa Ibom, Bayelsa, Cross River, Delta, Edo and Rivers (12), plus Lagos, Ondo and Ogun (6), three non-littoral experts, and two ex-officio members from the Federal Ministry of Marine and Blue Economy and ABER as Technical Secretariat. Senator Imasuen is proposed as Chairman and Patron, with a minimum 35% women representation.

Four Standing Sub-Committees are proposed: Fisheries, Aquaculture and Blue Food Security; Blue Tourism, Marine Transport and Coastal Infrastructure; Blue Justice, Human Rights and Gender – to work with the International Human Rights Protection Service (IHRPS Forum) West Africa Envoy to track violations, provide legal aid, ensure women’s cold-chain ownership and enforce Free, Prior and Informed Consent (FPIC); and Blue Carbon, Mangroves and Climate Resilience – with 70% of benefits accruing to coastal communities.

The Caucus is also expected to initiate three landmark Bills: the National Blue Economy Act, the Artisanal Fisheries Protection and 5nm Enforcement Act, and the Blue Carbon and Mangrove Protection Act, while partnering with EALA, the ECOWAS Parliament and the Directorate of Technical Cooperation in Africa (DTCA).

90-Day Action Plan

Dr. Kiyaramo further proposed a 90-day take-off plan including inauguration by the Senate President, engagement with the South-South Governors Forum, a Public Hearing on the Blue Justice Gap and unveiling of 100 Bankable Blue Deals, and a Senate Motion on ILO C188 ratification and 5nm enforcement.

“The Caucus will harmonize blue laws, redirect IUU losses to community jobs and position Nigeria to lead the ECOWAS Blue Parliamentary Network,” he said.

“Like EALA governs Lake Victoria for seven countries, NSBEC can govern the Gulf of Guinea for Nigeria. History will not remember us for the oil we extracted, but for the ocean we preserved.”

The high point of the visit was the decoration of Senator Neda Imasuen as Patron of the Africa Blue Economy Roundtable by H.E. Dr. Mrs. Ezeadili Appolonia Obiageri. Hajiya Medina Dauda Nadabo, Director of Communication and Public Affairs of ABER, was part of the Convener’s entourage.

Signed:
Medina Dauda Nadabo Director Communications Public Affairs.

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Business & Economy

570% Fuel Price Increase: Take Cue From Us -ADC Tells Voters — Says Cost of Living Remains Central in January Elections

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By George Mgbeleke

The African Democratic Congress (ADC) has said that the outcome of the recent United States midterm elections, in which Americans voted to replace the ruling Republican Party in Congress amidst a nearly 37 per cent increase in fuel prices in several states, points the way for Nigerian voters grappling with a 570 per cent increase in petrol prices since President Bola Tinubu removed fuel subsidies in May 2023.

Earlier, the opposition party had urged Nigerians to emulate the Americans in the immediate aftermath of the US midterm elections, in which the ruling Republican Party suffered a crushing defeat. But as the shockwaves of the election continue to reverberate across the world, the party has now claimed that the outcome of the US election confirms its own position that the cost of living and affordability have become major issues in determining electoral outcomes, urging Nigerians to take a cue from this as the country heads to the polls in January.

“The lesson from America is simple: governments must answer to the people for their economic decisions. In January, the cost of living must be at the centre of Nigeria’s democratic choice,” the party said in a statement issued by its National Publicity Secretary, Mallam Bolaji Abdullahi, on Saturday.

“On Tuesday, American voters were responding to fuel-price increases of about 37 per cent. Nigerians have experienced a far steeper increase, with average petrol prices rising from N238.11 per litre in May 2023 to N1,596.25 by May 2026, translating to about a 570 per cent increase.”

The party explained that an increase of 570 per cent in petrol prices is not just an economic statistic, but the reason transportation has become unaffordable, food prices have risen and small businesses are struggling to survive.

“Every Nigerian household is paying the price for the APC and Tinubu’s failed policies,” the statement said, adding that while the government has continued to ask Nigerians to make sacrifices for a better future, more than three years later, the government has failed to show how the removal of subsidies could possibly benefit ordinary citizens.

“As January 16 approaches, Nigerians deserve clear answers about how fuel, electricity, food and transportation would be made affordable. The APC and President Tinubu clearly do not have answers. It is for the same reason that Americans voted against the ruling Republican Party, and it is for the same reason that Nigerians should reject the ruling APC in January,” the party said.

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