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Subsidy Removal Crisis: Increase Workers Minimum Wage To N200,000 – TUC Tells FG

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The grievances over the removal of fuel subsidy by the Federal Government may have assumed a new dimension, as the Trade Union Congress of Nigeria has demanded an increase in the national minimum wage from N30,000 to N200,000.

It was gathered that all the demands raised by TUC have already been forwarded to the government at Sunday’s meeting that held at the Presidential Villa.

A list of other demands is contained in a joint statement signed by Comrade Festus Osifo, President TUC and Comrade Nuhu Abba Toro, Secretary General, respectively, which was also made available to our reporter on Monday.

TUC also wants the government to revert to the old fuel pump prices of N195 per litre while negotiations continue.

“The minimum wage should be increased from the current N30,000 to N200,000 before the end of June 2023, with consequential adjustments to the Cost of Living Allowance (COLA), like feeding, transport and housing,” TUC stated.

The union said a representative of state governors will be party to this new minimum wage and all the governors must commit to implementing the new wage.

It also wants a tax holiday for employees both in government and private sector that earn less than N200,000 or 500USD monthly, whichever is higher.

“We want PMS allowance to be introduced for those earning between N200,000 to N500,000 or 500 USD to 1,200 USD, whichever is higher.

“The exchange rate for retailing PMS in the country must be kept within a limit of +- 2% for the next ten years. Where the fluctuation is more than 2%, the minimum wage will automatically increase at the same rate.

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“Setting up an intervention fund where the government will be paying N10 per liter on all locally consumed PMS. The primary purpose of this fund is to solve perennial and protracted national issues in education, health and housing. A governance structure that will include labour, civil society and government will be put in place to manage the implementation.

“The federal government should provide mass transit vehicles for all categories of the populace.

“State governments should immediately set up a subsidized transportation system to reduce the pressure on workers and students. The framework around this will be worked out.

“Immediate review of the National Health Insurance Scheme to cover more Nigerians and prevent out-of-stock drugs.

“Visitation of the refineries that are currently undergoing rehabilitation to ascertain the state of work and set up a timeline for its completion.

“The president should direct whoever will be labour minister to immediately constitute the National Labour Advisory Council (NLAC). This platform will be used by the government, labour, and employers to discuss issues and policies of the government that may affect workers and all other mandates as specified in the law.

“Provision of subsidy directly for food items, the 800 million dollars could be a first step.

“The existing National Housing Fund (NHF) should be made accessible to genuine workers; the framework on this must be discussed and agreed upon.

“Medium Term, Deployment of Compressed Natural Gas (CNG) across the country in line with the earlier promise made by the government. The framework and timeline will be developed as agreed upon by both parties.

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“Labour and government to design a framework that will be geared towards the reduction of the cost of governance by 15% in 2024 and 30% by 2025.

“A framework should be immediately put in place to maintain the road and expand the rail networks across the country. The government must design a framework for social housing policy for workers through the rent-to-own system.

“The state of electricity in the country must be appraised and an action plan should be defined with time lines on how to get this fixed. A strong monitoring team comprising all parties will be constituted,” the statement added.

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Sterling Bank Eliminates Transfer Fees, Challenges Industry Standards

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Sterling Bank has made a groundbreaking move by eliminating transfer charges on local transactions, aiming to create a more equitable banking experience for Nigerians. The question now arises: will other financial institutions follow this lead?

On April 1, Sterling Bank announced the removal of transfer fees for all local digital transactions, positioning itself as the first major bank in Nigeria to implement such a policy. Initially, the announcement faced skepticism, with many believing it to be an April Fools’ Day joke. However, Sterling has since reaffirmed the policy’s legitimacy and immediate implementation, signaling a significant evolution in the industry’s customer service approach.

Obinna Ukachukwu, the Growth Executive overseeing the Consumer and Business Banking Directorate, stated, “We believe that accessing your own funds should not incur a penalty. This decision transcends financial implications; it reflects our core values.”

With this new policy, Sterling customers can now make free transfers for all local transactions via the bank’s mobile app. This initiative is anticipated to yield considerable savings for individuals and small business owners who frequently engage in transfers.

“We may not be the largest bank in Nigeria, but we are certainly the most audacious,” Ukachukwu declared. “Sterling Bank is committed to the future of Nigeria, and we are backing our fellow citizens with more than just words.”

Sterling Bank has a history of prioritizing customer welfare, having previously offered financial assistance to healthcare workers during the COVID-19 pandemic. This latest initiative has garnered widespread public support, igniting conversations on social media and prompting calls for other banks to adopt similar practices.

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“We take pride in leading this transformative change,” Ukachukwu concluded. “We hope to inspire others to rethink what customers truly require from their banks, not only in terms of services but also in values.”

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Breaking News: Edo Tribunal Rejects Action Alliance’s Challenge Against Governor Okpebholo

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On Wednesday, the Edo State Governorship Election Petition Tribunal, convened in Abuja, dismissed the Action Alliance’s (AA) petition aimed at overturning the election of Governor Monday Okpebholo.

The tribunal, led by Justice Wilfred Kpochi and comprising a three-member panel, determined that the petition, filed by AA and its National Chairman, Adekunle Rufai Omoaje, was without merit.

The tribunal concluded that the issues raised in the petition were pre-election matters, falling outside its jurisdiction to adjudicate.

The petitioners claimed that the Independent National Electoral Commission (INEC) had excluded their legitimate candidate from the governorship election held on September 21, 2024. They argued that, in contradiction to several court rulings, INEC recognized a candidate who had not been validly nominated by the party.

Furthermore, the petitioners contended that INEC’s failure to publish the name of their party’s rightful candidate constituted a significant violation of Section 134(1)(b) of the Electoral Act.

In addition to these claims, they asserted that Governor Okpebholo, representing the All Progressives Congress (APC), did not receive the majority of legitimate votes and that the election was tainted by corrupt practices.

As a result, they sought the annulment of the election; however, the tribunal panel denied their request on Wednesday.

The panel upheld all preliminary objections raised against the petition. The respondents, including INEC and Governor Okpebholo, argued that the National Chairman of the AA lacked the standing to file the action, as he did not participate in the gubernatorial election.

They also asserted that the petition was barred by statute, as it involved pre-election issues that exceeded the tribunal’s jurisdiction.

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It is noteworthy that AA’s candidate, Mr. Tom Iseghhi-Okojie, withdrew from the race in favor of Governor Okpebholo just days before the election.

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All set for Niger Delta Sports Festival in Akwa Ibom – Umo

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Akwa-Ibom State Governor, Umo Eno of Akwa Ibom has commended the management of the Niger Delta Development Commission (NDDC) for investing in sports for the discovery of talents for the region and the country at large.

The governor gave the commendation at the Monthly State Covenant Service held at the Banquet Hall, Government House, Uyo, as arrangements have been concluded for official opening ceremony of the Niger Delta Sports Festival at the Godswill Akpabio International Stadium in Uyo.

Eno, therefore, implored citizens and residents in the state to be fully involved in the festival.

He stressed the need for adequate maintenance of facilities recently revamped by the interventionist agency and assured successful hosting of the sports festival.

He promised to provide necessary support to ensure safe stay of all participants and tasked the organisers to leverage the peaceful ambiance of the state and make the competition a memorable one.

According to the organisers, President Bola Ahmed Tinubu is expected in Uyo today (Wednesday) to declare the festival open, with no fewer than 3,000 athletes from the nine states of the Niger Delta to compete for laurels in 17 sporting events.

The competition will be hosted at six venues, including the Godswill Akpabio international stadium and West Itam Sports Centre, while the closing ceremony is billed for April 9.

The News Agency of Nigeria (NAN) reports that contingents from the nine Niger Delta Development states had arrived Uyo for the festival. (NAN)

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