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Minimum wage: NLC plans  to Meet Tinubu,  ….. advocates for N250,000 Minimum Wage

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Minimum wage: NLC plans  to Meet Tinubu,
….. advocates for N250,000 Minimum Wage
As Nigerian workers wait endlessly for President Bola Ahmed Tinubu to come up with an acceptable wage for the nation’s workforce, Nigeria Labour Congress (NLC)has concluded plans to meet with the  President to advocate for a new minimum wage of N250,000 during a meeting with President Bola Tinubu at the State House in Abuja on Thursday.
Head of Public Affairs officer for NLC, Benson Upah,  confirmed the union’s resolution on their demand. “We are going to the table with our demand for N250,000 even as the cost of living has since moved up. We have been very reasonable and patriotic.’
Mr Upah specifically said that meeting follows President Tinubu’s earlier promise to engage more with stakeholders on the minimum wage issue.
According to the image maker of NLC,”This comes about a month after the President mentioned in his Democracy Day speech on June 12, 2024, that an executive bill on the new national minimum wage would be presented to the National Assembly.
“On June 25, the Federal Executive Council, chaired by the President, postponed deliberations on the new minimum wage memo to allow for further stakeholder engagement. This decision was made after the Tripartite Committee on Minimum Wage, led by Bukar Goni Aji, submitted their report to the Secretary to the Government of the Federation, George Akume. The report recommended a minimum wage of N62,000, based on inputs from federal and state governments and the Organized Private Sector (OPS).”
Continuing Mr  Upah”  Despite this, the NLC has proposed a much higher figure of N250,000, while state governors have indicated that they might struggle to pay even the recommended N62,000. The current minimum wage of N30,000 is deemed unrealistic by the unions, especially in light of rising inflation driven by the removal of petrol subsidies and the unification of forex windows.
“The ongoing discussions have been contentious, with labour unions previously declaring an indefinite strike on June 3, which severely impacted economic activities and government functions. This strike was suspended following a meeting between labour leaders and government officials, who assured that the government was open to increasing its offer.
“President Tinubu established the tripartite committee in January to negotiate a new minimum wage, ahead of the expiration of the Minimum Wage Act of 2019 in April 2024. The committee includes representatives from Organized Labour, federal and state governments, and the OPS.
“The outcome of today’s meeting could be pivotal in resolving the long-standing wage dispute and shaping the future of Nigeria’s labour relations.”

Business & Economy

Livestock Ministry debunks N140m Emir Palace budget report, says items belong to Veterinary College

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Cows

By AbdulGaneey Akanbi

The Federal Ministry of Livestock Development has debunked reports circulating in sections of the media and on social media alleging that it budgeted funds for the rehabilitation of Emir Palaces and Mosques in the 2026 budget.

In a press statement issued weekend by the Head of Information and Public Relations, Henrietta Okokon, the ministry described the reports as “false and misleading.”

The statement stated categorically that the budgetary provisions being referenced are not contained in the Headquarters budget of the Federal Ministry of Livestock Development.

It explained that the items were wrongly attributed to the ministry, but are actually contained in the budget of the Federal College of Veterinary and Medical Laboratory Technology, Vom, Plateau State.

“Rather, they are contained in the budget of the Federal College of Veterinary and Medical Laboratory Technology, Vom, Plateau State, a self-accounting institution with its own distinct budgetary allocations,” the statement read.

The ministry noted that the sum of N140 million allegedly budgeted for the rehabilitation of Emir Palaces and Mosques in Kaduna State, among other unrelated projects, does not form part of its programmes and priorities.

It said the erroneous attribution has created the impression that the ministry appropriated funds for projects outside its mandate.

The ministry recognized the legitimate concerns raised regarding the alignment and clarity of budgetary proposals submitted by institutions under its supervision.

It assured that in line with its commitment to transparency, accountability and prudent management of public resources, it will strengthen coordination with its agencies to ensure budget proposals are aligned with institutional mandates and clearly articulated.

The statement urged members of the public, media organisations and other stakeholders to distinguish between the budget of the Federal Ministry of Livestock Development and the separate budgets of its agencies and institutions before drawing conclusions or publishing reports.

“As partners in public information, we encourage journalists and media houses to actively verify data with relevant official government sources and seek necessary clarifications prior to publication,” Okokon stated.

The ministry said this collaborative approach will ensure the public receives accurate, verified reporting while preventing the spread of misleading information.

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Business & Economy

North/C Dev.Com:N2.9billion per month is a drop in an ocean – Senate tells FG

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President of the Senate, Godswill Akpabio

By George Mgbeleke

The Senate Tuesday through its committee on North Central Development Commission ( NCDC), described the N2.9billion monthly allocation being given to the commission as grossly inadequate when compared to N140billion budget size earmarked for the commission in 2026.

Speaking to journalists after interactive session between the committee and management of the commission , Senator Titus Zam in his capacity as Committee Chairman , said the N2.9billion monthly allocation being given to NCDC will at the end of the year not up to half of projected budgetary allocation for it .

He posited that the N2.9billion monthly allocation from the N140billion budgetary appropriation, is a temporary package which would be improved upon .

” If you give someone that has a budget of 140 billion, N2.9 billion per month, in 12 months, it won’t be up to half of the entire budgetary sum .

“I suppose that is just a temporary package. When the commission finally comes to fruition, much more funds will be released. So we thank Mr. President, we thank the executive for dropping something now but look forward for more “, he said .

He however added that the Senate Committee will see to judicious spending of the little allocation being collected by the commission now by guiding it on areas that should be focused on .

” North Central is mostly an agricultural land. We have arable land, we have good rainfall, we have vegetation, there’s policy for agriculture. We need the department of NCDC to take agriculture very seriously.

“We also have a challenge of insecurity. The commission is advised to support the security forces and state government to complement their efforts towards mitigating the tides of insecurity within the region.

“We also ask them to take rural development very seriously because we are also rural in nature”, he said .

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Business & Economy

Senate threatens NCAA, SMEDAN, ITF, others with sanctions for failing to appear before it,….Cost of Import Duty Exemption rose to N34trillon in 2025-Customs

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CG, Customs,Bashir Adewale Adeniyi

By George Mgbeleke

Visibly angry at the absence of some key revenue earning of the federal government at Senate public hearing by Senate Committee on Finance on Monday,the panel threatened heads of the Nigerian Civil Aviation Authority (NCAA), Small and Medium Enterprises Development Agency of Nigeria ( SMEDAN), Industrial Training Fund ( ITF), Federal Medical Centre ( FMC) Jabi etc , with severe sanctions for failing to appear before it .

This is as Comptroller – General of Nigeria Customs Service ( NCS), Bashir Adewale Adeniyi has declared that costs of Import Duty Exemption Certificates ( IDEC) approvals on some imported goods and equipments, which commenced in March 2020, rose to N34trillion in 2025.

The Customs CG at the investigative session the committee had with some revenue generating agencies on Monday , said policies of government at different times affect revenue generating capacity of Customs , positively or negatively.

According to him , Customs as a leading revenue generating agency , would have generated far above , what it did in the past years ,if not for some government policies and other extraneous factors that inhibited it from doing so

He specifically informed the committee that Import Duty Exemption Certificates ( IDEC) on some goods and equipments introduced in March 2020 , is one of such policies inhibiting Customs revenue generation .

“IDEC approvals reached about ₦34 trillion in 2025 60% of which as rightly done by government related to military hardware procurements which attracted duty exemptions because of Nigeria’s prevailing security challenges.

” Other government-backed waivers, included
Importation of Compressed Natural Gas (CNG), electric and hybrid vehicles, Healthcare equipment and medical supplies; Industrial machinery and manufacturing inputs; and
Food import intervention programmes”, he said .

He however explained that fiscal policy should not be viewed solely from the perspective of revenue generation but also in terms of achieving broader economic and social objectives but suggested that government should establish stronger monitoring mechanisms to assess whether beneficiaries of duty waivers were delivering the intended economic benefits, such as lower prices, increased production and improved healthcare access.

Earlier in his submission , he said out of the N11. 04trillion revenue projected for 2026, N4.5trillion was generated by 30th of June , leaving balance of about N7trillion left to meet up with the set target for the fiscal year .

However, Bello Gulmare who represented Fiscal Responsibility Commission ( FRC) as Deputy Director , Monitoring &:Evaluation , alleged that Customs as at 2019, has N8.9billion liability of non – remittance of operating surplus into the Consolidated Revenue Fund ( CFR) , which was vehemently kicked against by Customs .

Similar liability on non remittance of operational surplus was made to the Corporate Affairs Commission ( CAC) , totalling N13.9billion from 2023 to 2025 which the Registrar – General of CAC , Hussaini Ishaq Magaji said was being upset gradually .

The committee chaired by Senator Sani Musa ( Niger East), however directed that CAC, the FRC and the committee should hold a meeting to reconcile the details in order to ascertain the exact outstanding balances.

” Detailed report on outcome of the planned meeting , should be ready within the next two weeks for another interface with CAC .

” Heads of agencies like NCAA , ITF , SMEDAN , FMC Jabi etc , who failed to physically attend today’s session , should unfailingly make themselves available at next sitting or risk severe sanction through invocation of relevant section of our rules against them”, he warned .

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