Business & Economy
NLC gives FG a 7-day strike ultimatum over alleged diverted workers’ fund
By Our Correspondent
Nigeria Labour Congress (NLC) has given the Federal Government a seven-day ultimatum to refund the alleged diverted workers’ funds from the Nigeria Social Insurance Trust Fund (NSITF) and immediately constitute the Governing Board of the National Pension Commission (PENCOM).
The organised labour also warned in a communiqué issued after its Central Working Committee (CWC) meeting in on Thursday that failure to act immediately on the demands would lead to a nationwide strike action.
Chaired by the NLC President, Joe Ajaero, the meeting x-trayed the disturbing issues affecting Nigerian workers, the trade union movement, and the state of the nation.
The communique of the meeting reads: “The Central Working Committee (CWC) of the Nigeria Labour Congress (NLC) met on Wednesday, 13th August 2025, to deliberate on urgent issues affecting Nigerian workers, the trade union movement, and the Nigerian people at large. The meeting considered the festering leadership crisis in the Edo State Council of the NLC, alarming developments in the Nigeria Social Insurance Trust Fund (NSITF), and the governance vacuum in the National Pension Commission (PENCOM)}, alongside the broader state of the nation.
“After exhaustive deliberations, the CWC resolved as follows:
“Edo State Council Leadership Crisis The CWC reviewed the situation in the Edo State Council and ratified the decision to dissolve the State Administrative Council over acts of unethical behaviour, antiunion conduct, and violations of the NLC Constitution. The meeting approved the constitution of a Caretaker Committee to run the affairs of the Council until fresh elections are conducted. The CWC reaffirmed that discipline, internal democracy, and accountability remain non-negotiable pillars of the labour movement.
“Nigeria Social Insurance Trust Fund (NSITF) The CWC expressed outrage at the ongoing assault on workers’ social protection rights through the Federal Government’s diversion of 40% of workers’ contributions to the national coffers as “revenue”, in flagrant violation of the statutes establishing the NSITF.
“Equally condemnable is the new Administration’s false claim of ownership of the NLC National Headquarters, a property owned by Nigerian workers, resort to Cyber and media-bullying of the trade unions and leadership coupled with covert moves to amend the NSITF Act in a manner that would disenfranchise workers and give government full control over the funds. The CWC warns that these actions represent a direct attack on workers’ rights, hard-earned resources, and the principle of tripartite governance enshrined in international labour standards.
“The Congress affirms that the NSITF belongs to the Nigerian working class and will mobilise all legitimate means,to ensure workers’ interests are protected.
“National Pension Commission (PENCOM) The CWC noted with grave concern the non-constitution of the Governing Board of the National Pension Commission, in contravention of the PENCOM Act and other statutes. This unlawful vacuum has allowed government to solely superintend over the pension funds contributed by workers and employers, stripping away the statutory tripartite oversight and increasing the risk of mismanagement and political interference.
“The CWC reiterates that pension funds are deferred wages, not state revenue, and demands the immediate constitution of the Board in full compliance with the law.
“State of the Nation The CWC reviewed the deepening economic crisis marked by runaway inflation, joblessness, hunger, insecurity, and the collapse of public services, all aggravated by anti-people neoliberal policies. The Congress warns that unless Nigeria adopts a people-centred development path anchored on public ownership of strategic sectors, living wages, industrial revival, and social protection, the majority of citizens will remain trapped in poverty while the ruling elite continues in opulence.
“The CWC resolved to: 1) Enforce strict compliance with the NLC Constitution in all State Councils, with zero tolerance for indiscipline. 2) Ratify the dissolution of the State Administrative Council of NLC in Edo state and the setting up of a Caretaker Committee. 3) Mobilise workers across the country to defend workers’ contributions in the NSITF and pension funds from government expropriation. 4) Demand the immediate constitution of the PENCOM Governing Board in line with the law.
“To this end, the CWC-in-session hereby directs: @) The NSITF must account for and return all diverted funds within seven (7) working days from today. b) The PENCOM Board must be properly constituted in full compliance with the law within seven (7) working days from today. ce) The Pension Commission to submit to the NLC full status report of the funds within this same period. d) If at the end of this Seven (7) working days, nothing is done, NLC will no longer guarantee Industrial peace in the Sector”.
Business & Economy
NEITI Report : Senate gives Seplat , Network E & P , others , 48 hours ultimatum ….As Dubri oil defends $3.025million royalty and gas flare debts
By George Mgbeleke
Foĺlowing the on-going efforts by the Senate to recover all unaccounted funds by revenue generating Agencies of government, the Red chamber on Tuesday through its Public Accounts Committee , gave Seplat Energy , Network E & P Nigeria Limited and two other oil companies , 48 hours to appear before it to answer queries raised against them in the 2021, 2022 and 2023 audit reports presented by Nigeria Extractive Industries Transparency Initiative ( NEITI) .
The two other oil companies given similar 48 hours ultimatum for appearance or risk invocation of legislative powers against them are All Grace Energy Limited and Aradel Energy Limited .
But Dubri Oil Company Limited that appeared before the committee , defended $’3.025million royalty and gas flare debts recorded against it in the audit report .
48 hours ultimatum against the affected four oil companies followed resolution adopted to that effect by the Senator Ibrahim Hassan Dankwabo led committee in line with displeasures expressed by some of its members .
First to call for sanction against the erring oil companies , was Senator Abdul Ningi ( Bauchi Central ) who described letter written by Network E & P Nigeria Limited to the committee that Nigerian Upstream Petroleum Regulatory Commission ( NUPRC) is the regulatory body it reports to , as disturbing and provocative .
The Senate according to him as provided for in sections 88 and 89 of the 1999 constitution, can invite any body or agency .
” The Senate and by extension , the National Assembly, is the custodian of Nigeria law that has power to invite anybody or agency for explanations on issues raised against them “, he said .
In supporting Ningi , Senator Shehu Kaka Lawan ( Borno Central ) , called for invocation of constitutional powers against management of the affected agencies which made the Chairman to issue 48 hours ultimatum for appearance against Managing Director of Network E & P Nigeria Limited .
” Having failed to honour invitation of this committee two consecutive times , the Managing Director of Network E & P Nigeria Limited should appear before us unfailingly on Thursday this week or risk full invocation of legislative powers against him”, he said .
Similar ultimatums were also issued against Managing Directors of All Grace Energy Limited , Aradel Energy Limited and Seplat Energy when when their absence was noted by the committee.
But Dubri Oil that appeared , rejected $3.025million royalty and gas flare debts recorded against it .
NEITI in the report alleged that as submitted by NUPRC in 2025 that Dubri Oil owes $3.025million debt which include $2.378million debt for gas flare and $646, 605.55 for oil production
The query was however faulted by representative of Dubri Oil , Soyode Olusoji Clement who said the report was compiled when the oil company had reconciliation issue with NUPRC .
The reconciliation problem between Dubri oil and NUPRC according to him , has however been resolved without any debt hanging on Dubri oil .
He presented documents to that effect to the committee which according to the committee, would be studied critically before issuance of clean bill of health .
Business & Economy
Tinubu’s livestock reforms will end subsistence farming, create jobs –Jega
By Our Correspondent
The Special Adviser to the President on Livestock Development, Prof. Attahiru M. Jega, has said the Presidential Livestock Reforms Agenda of President Bola Ahmed Tinubu is designed to end subsistence livestock farming and build a commercially viable sector that will create jobs and strengthen food security.
Jega, who is also Co-Chair of the Presidential Livestock Reforms Implementation Committee, stated this in a goodwill message delivered at the 9th All Africa Conference on Animal Agriculture in Abuja on behalf of the Presidency.
The conference themed, “Repositioning Animal Agriculture for Africa’s Food Security and Global Competitiveness,” brought together stakeholders across the continent.
Jega, who was represented by Prof. D. J. U. Kalla, said Africa cannot achieve sustainable food security, improved nutrition and inclusive economic growth without transforming animal agriculture.
“Livestock is deeply woven into Africa’s culture, heritage and economy. Beyond food, cattle, sheep, goats, camels and poultry represent wealth, livelihoods, resilience and social capital for millions of African families,” he stated.
He noted that the sector generates employment and income across breeding, feed, animal health, processing, trade and value addition, describing livestock as “not a peripheral component of African agriculture, but a prime mover of inclusive economic transformation.”
“Our ambition is to unlock the enormous economic potential—the goldmine—of the livestock sector and build a productive, competitive, climate-resilient and commercially viable industry that creates jobs, strengthens food and nutrition security, and drives rural prosperity,” he said.
Jega stressed that the country must move “from subsistence to productivity, from fragmentation to value-chain integration, and from potential to investment and competitiveness.”
He listed key areas for investment to include genetics, animal health, feed and forage, water, research and innovation, infrastructure, value addition and markets.
The presidential aide urged the conference to move “beyond dialogue to action, partnerships and measurable commitments” that translate policy into impact.
“Africa has the livestock resources. Our task is to convert this biological wealth into nutritious food, decent jobs, resilient livelihoods and globally competitive enterprises. Africa must feed Africa—and animal agriculture must be at the fulcrum of that transformation,” Jega concluded.
Business & Economy
Women,s Wing Of ABER Hails Dr. Piriye Kiyaramo As Visionary Leading Africa,s Blue Economy Transformation
By David Owei
“The Captain of the Blue Future” Commends Inclusive Leadership Ahead of the forthcoming Africa Blue Economy Roundtable’s Women Forum
Younde, Cameroon – The Head of the Women’s Wing of Africa Blue Economy Roundtable – ABER, Barr. Sophie De Sylvie Djoufa Tiemagni, popularly known as ‘The Captain of the Blue Future’, has paid glowing tribute to Dr. Piriye Kiyaramo, Convener and Chief Executive Officer of ABER, describing him as a visionary leader shaping the future of Africa’s Blue Economy.
In a statement issued from the ABER Women’s Wing Secretariat, Duoula – Cameroon, Barr. Djoufa Tiemagni said Dr. Kiyaramo embodies a new generation of leadership focused on action, inclusion, and impact.
“There are leaders who manage, and there are leaders who inspire, transform, and unite. Dr. Piriye Kiyaramo unquestionably belongs to the latter category. In many ways, he is the human embodiment of leadership,” she stated.
Barr. Djoufa Tiemagni noted that under Dr. Kiyaramo’s leadership, ABER has prioritized competence over connections in its appointments of regional leaders, an International Ambassador, the Head of the Women’s Wing, and in recognizing outstanding women through prestigious awards.
“Through these appointments, he has demonstrated that inclusion is not a slogan but a fundamental value at the heart of his vision. He has made inclusion, merit, and excellence the pillars of his leadership,” she said.
She added that this approach, guided by competence, commitment, and contribution to the blue economy, has enabled ABER to build a united community of stakeholders with a shared ambition: to make the blue economy a powerful engine for Africa’s development.
The tribute comes on the heels of the 3rd Africa Blue Economy Week, held in Luanda, Angola from 22 to 25 July 2026, where the central theme was transforming strategies into tangible results for African people.
“Since its establishment, ABER has worked tirelessly to build partnerships, promote African talent, strengthen women’s leadership, and accelerate the implementation of high-impact initiatives,” Barr. Djoufa Tiemagni said. “The time has come to move from strategy to action and make the blue economy a strategic driver of economic transformation, sovereignty, job creation, innovation, and Africa’s emergence.”
Concluding her tribute, Barr. Djoufa Tiemagni said Dr. Kiyaramo’s leadership reminds Africa that no sustainable transformation can be achieved without vision, inclusion, and action.
“Today, that vision has become a reality. Yes, ‘together we can’. And we believe it wholeheartedly. Together, we can. Together, we will. The future of Africa’s Blue Economy is bright.”
The Africa Blue Economy Roundtable – ABER, convened by Dr. Piriye Kiyaramo, is a pan-African platform dedicated to advancing policy dialogue, investment, and partnerships for the sustainable development of Africa’s ocean and water resources. ABER works to position the blue economy as a key driver of jobs, food security, climate resilience, and inclusive growth across the continent.
The Women’s Wing of ABER is committed to amplifying women’s leadership, participation, and impact in maritime governance, fisheries, aquaculture, shipping, and all blue economy sectors.
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