Business & Economy

By George Mgbeleke
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, on Friday, called on the leadership of the Nigeria Labour Congress and Trade Union Congress to reject any minimum wage offer from the federal government that is less than N250,000.00 per month.
Frank who was reacting to reports of alleged Federal Government’s offer of N105,000.00 to workers as new minimum wage during their ongoing tripartite negotiation, said: “any amount below N250,000.00 cannot be considered a decent wage for Nigerian workers considering the present socio-economic hardship in the country.”
In a statement in Abuja, Frank accused the President Bola Ahmed Tinubu-led administration of double standards in the fixing of salaries, saying what is good for judicial office holders is good for Nigerian workers.
According to the Bayelsa-born political activist, Tinubu recently sent a Bill to the National Assembly in which he proposed 300 per cent increase in the salaries and allowances of Supreme Court Justices, Appeal Court Justices, President of the National Industrial Court, Judges of the Federal and State High Courts as well as Grand Khadi of State Sharia Courts, among others, in the country.
He noted that the Bill has been hurriedly passed as proposed by the President in both chambers of the National Assembly and now awaiting the assent of the President to become enforceable law.
Frank who is the United Liberation Movement for West Papua (ULMWP) Ambassador to East Africa and the Middle East, said: “How can you increase the salary of an arm of government that is already earning a humongous salary by 300 per cent and add peanuts to the paltry N30,000 that workers have been compelled to live with in this country as minimum wage in the last five years?
“Why did the President send an Executive Bill to the National Assembly to effect a 300 per cent upward review in the salaries of Judicial Office Holders but set up a tripartite committee to negotiate a “starvation wage” (apologies to NLC President Joe Ajaero) for suffering Nigerian workers instead of a “living wage” he promised them on assumption of office in May last year?”
He said that the executive, legislative and judicial arms of government ought to reduce their salaries and allowances to accommodate Nigerian workers who can barely have one meal a day rather than increasing their take home which is already over bloated and economically, financially and socially suffocate workers.
He however declared that “Nigerians are no fools as they know that the proposed generous increase in the salaries of Judicial Office Holders is meant to pay them for the devious work they did to judicially ratify the stay of key political office holders in this administration in office including President Tinubu, Senate President Godswill Akpabio, among others, and to compromise them ahead of any judicial challenge in future polls.”
He reiterated that workers are the engine room of the nation’s economy and that paying them a living wage will boost their morale to work diligently and even pay the supreme price in line of duty for the country’s development if need be.
He therefore urged the leadership of organized labour to be resolute in their demand to ensure that workers get a deserved living wage at this time in the Nation’s developmental journey.
He urged them to leave their foot prints on the sands of time by being non-compromising but warned that doing otherwise will inscribe their names in the hall of shame.
Business & Economy
Ekowe Fed-Poly workers down tool over unpaid Dues


branch chairman of the union, Mr. Etebu Ebiyefe,
Business & Economy
Hajj: CSO urges enlightenment for Nigerian pilgrims on currency denominations

By Abdul-Ganiyy Akanbi,Abuja
A faith-based registered Civil Society Organization, CSO, that reports and advocates for workable Hajj policies, the Independent Hajj Reporters, IHR, has called on the States’ Muslim Pilgrims Welfare Boards, SMPWBs to conduct a special enlightenment programme to intending pilgrims on Saudi Arabian currency denominations.
The group, in a statement signed and released on Friday by its national coordinator Ibrahim Muhammad, said: “Now that the Central Bank of Nigeria, CBN has approved the payment of 2025 Hajj BTA via cash payment in US dollars, we call on States Muslim Pilgrims Welfare Boards, agencies and Commission to organize a special enlightenment program to educate Nigerian pilgrims on currency denominations especially on the exchange rates between US dollars and Saudi Riyals.”
It added: “Most of the Nigerian pilgrims are not conversant with foreign currencies especially US dollars and Saudi Riyals, and can hardly identify the value of each denomination unless they are guided during hajj, where hundreds of thousands of pilgrims engage in financial transactions.
“Given the above, Nigerian pilgrims should also be shown the Saudi Riyals currency denomination so that they can be able to identify such whenever they need to change US dollars to Saudi Riyals or make a purchase using either of the two currency denominations.
“This call is important due to past experiences where some dubious Saudi-based individuals shortchanged our dear pilgrims whenever they make purchases or try to convert their BTA to US dollars.”
IHR warned that Nigerian female pilgrims who patronize unregulated dental services to change their teeth as soon as they arrive in Madinah are more vulnerable to being shortchanged.
The group also pleaded with airlines to use the onboard educational system to educate pilgrims on the same subject as a way of corporate social responsibility to help mitigate the risks of financial losses on the part of intending pilgrims.
“Understanding denomination in today’s currency circulation is crucial as it serves as the foundation of all monetary transactions worldwide. It will enable pilgrims to comprehend the value of their BTA.
“According to the Central Bank of Saudi Arabia, SAMA, the most-exchanged foreign currencies during Hajj are the US dollar, the euro, the Singapore dollar, the Indian rupee, the Indonesian rupiah, the Emirati dirham and the Malaysian ringgi,” IHR stated.
Business & Economy
BOSG. trains 150 Almajirai in vocational skills


Recipients at the Almajirai Vocational center in Borno state
-
Entertainment9 months ago
Jubilation galore as Parishioners of CKC Kurudu celebrate their cultural heritage ….FG should exploit our Cultural heritage to unite Nigerians-Rev Fr Dim
-
General News10 months ago
Celebration galore as UDA Successfully Elected New Exco ……I will digitalize processes that will raise UDA to greater height -Comr. Okejiri
-
General News11 months ago
Reps hold public hearing on FMC Ugwuaji Awkunanaw
-
General News10 months ago
Kugbo Hill Tragedy: Trailer Crushes Car, Kills Four and Injures Several Others in Abuja
-
General News3 months ago
Ex – Agitators Warned PAP Beneficiaries Against Protest, pipeline Vandalism – Urge Fifth Columnists To Desist From Attacks On PAP,Dr Denis Otuaro
-
Uncategorized3 months ago
Benue govt drags NDIC to Federal High Court over illegal sell of shares …Demands N2.6billion damages
-
Politics11 months ago
10th Senate @1: Akpabio’s Leadership Pedigree as Senate President in Focus
-
General News10 months ago
FG bars JAMB from granting admission to under 18 candidates …….As Education stakeholders reject FG’s 18-yrs Admission age limit