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Workers to start enjoying consequential adjustments, minimum wage soon-FG

The Federal Government says workers will soon start enjoying the new national minimum wage and the consequential adjustments.

Mrs Nkeiruka Onyejeocha, Minister of State for Labour and Employment said this at a Town Hall Engagement with the Organised Labour and  Employers meeting on Friday in Abuja.

The News Agency of Nigeria (NAN) reports that the theme of the meeting is: “Imperatives of the Eight-point Agenda of President Bola Tinubu Administration.”

The meeting was organised by the ministry in collaboration with Michael Imoudu National Institute for Labour Studies(MINILS).

It is aimed at promoting the much needed knowledge about the the present administration’s Renewed Hope Agenda with the hope of harnessing the inputs of labour and employers.

According to Onyejeocha, the federal government is meeting with the tripartite committee today, as well as the Head of Civil Service of the Federation.

“The tripartite include the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and the organised private sector, they are meeting to deliberate on modalities of payment for the consequential adjustments and the minimum wage.

“This meeting may end tomorrow, as we would like to conclude the issues, so that they can start the payment immediately.

“I do not even know why up till now the figures have not been out. We will not take the responsibility for the delay.

This is because the day we passed it, they were supposed to have gone ahead to constitute the committee and then have the figures, but they did not,” she said.

The minister also reaffirmed the federal government’s commitment to addressing socio-economic challenges and evolving solutions to emerging threats to the nation’s wellbeing.

She assured of the government’s determination to tackle head-on the ills that had troubled the nation in recent years.

Onyejeocha lauded the support of President Bola Tinubu’s administration and the efforts to reform the economy, ensure inclusive growth, and strengthen security.

According to her, the federal government is committed to fulfilling its pledge to Nigerians and is working tirelessly to restore Nigeria’s economic pride globally.

She added that government was committed to tackling the nation’s socio-economic challenges head-on and find solutions to emerging threats.

“To achieve this the government is collaborating with policymakers, employers and workers to generate momentum for development, while the ministry is tasked with ensuring decent work, industrial peace, and harmony to drive national growth.

“This administration’s mantra: “Renewed Hope Agenda, unity and progress for all Nigerians,” is predicated on eight points focusing on job creation, education, health, food security, and social investment.

“These are essential pillars of development, a policy implementation that will reform the economy, ensure inclusive growth, and strengthen security for peace and prosperity, which government has vigorously pursued at all levels.

“This remains the pledge we made to all Nigerians, hence government is working round the clock to put Nigeria in its pride of place in the world economy.

“I therefore make no excuses as this government of APC is determined and committed to tackling headlong all socio-economic ills that have troubled our nation,” the minister said.

She explained that the stakeholders’ engagement was to mobilise the workforce to achieve the renewed hope agenda, foster a cooperative labour-government relations, and replace conflict with collaboration.

Prof. George Ogenyi of the Department of Political Science, Nasarawa State University, said the two reasons for the nation’s present state of economic hardship was the removal of fuel subsidy and liberalisation of the Naira.

Ogenyi said that the federal government should find ways of stabilising the pump price of fuel in the country.

“We also need to expand local production in all the sectors, especially in the areas of oil and gas,” he said.

He also called on the Federal Government to tackle the issue of insecurity in the country.

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, noted that every period of adversity always inevitably presents its own unique set of challenges, which are subsequently followed by a return to stability.

Cardoso, who was represented by Mr Omolola Adegbenga, CBN’s Head of Pensions, said the CBN’s activities were solely focused on fostering economic development and advancement.

He noted that while some individuals may posit that certain achievements were unattainable, others may counter that all things were possible.

Cardoso, however, stressed that ‘Hope’ provided the essential foundation for potential achievement, and that concerted efforts would ultimately culminate in exceptional success.

“It is not a coincidence that the president came up with Renewed Hope. I believe that every storm comes with challenges, and after which there will be calm.

“Every activity of the CBN is geared towards economic growth and good governance.When you say nothing is impossible, you are right.When you say nothing is possible, you are also right.But I want to let you know that hope is the foundation of possibility and with collective efforts, we will achieve greatness,” he said.

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65% of Nigeria’s poor people live in North – ActionAid

An analysis of Nigeria’s Multidimensional poverty index by ActionAid Nigeria has revealed that about 65 percent of poor people, that is 86 million people live in the northern part of the country, while 36 percent, nearly 47 million people live in the South.

The analysis indicated the poorest states in the country to include Sokoto, Bayelsa, Jigawa, Kebbi, Gombe, and Yobe, but cannot determine which of these states is the poorest.

The organisation disclosed this at the launch of its report on Austerity Measure, poverty and Gender Inequality in Nigeria in Abuja, saying Nigeria’s Multidimensional Poverty Index (MPI) for 2022 found that 63% of the population, amounting to approximately 133mn Nigerians, are multidimensionally poor.

Analysing the report, the Country Director of ActionAid Andrew Mamedu noted that Poverty and inequality do not just happen; they result from economic, social, and political decisions made by the state and citizens.

He said “The critical policy decisions reflected in the key macroeconomic indicators show the rate and trend of poverty and inequality. Extant Nigerian negative indicators on gross domestic product (GDP) growth, inflation, interest rate, unemployment, debts, and deficits, among others, can only lead to one direction, increased poverty.”

Mamedu further stated that the underlying cause of the current spate of poverty is rooted in the heavy burden of austerity measures, imposed as part of broader macroeconomic policies.

He disclosed that based on their research, from 2010 to 2020, Nigeria’s debt stock ballooned by over 300%, reaching a staggering ₦31 trillion by the end of 2020​ , and as of March 31st, 2024, debt stock stands at USD 91,463.99, an equivalent of N121, 670.49. trillion consuming 74% of government revenue and leaving little for vital sectors such as education, healthcare, and social protection​.

He pointed out that keeping large numbers of people excluded from access to economic resources, employment, healthcare, adequate food, clean water and sanitation, education, skills, and technology, will result in a reduction of future productive human potential.

He stressed that well-designed and sustained investments in areas such as maternal and child health, education, and social protection would yield significant dividends for society.

“Conversely, no society can expect to achieve sustained economic and social progress while significant numbers of its population often disproportionately women and girls – are poorly nourished, in poor health, and lack the education and/or skills needed for their own and their families’ development,” he stated

The Minister of Budget and National Planning Atiku Bagudu who was represented by the Director of Microeconomic Philip Okwonkwo wondered if poverty and inequality could be tackled at the same time.

He maintained that the issue of poverty is a global phenomenon as it is not unique to Nigeria and Africa alone and harped on the need for stakeholders to collaborate to empower the poor people in society.

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Tinubu Skips UNGA, Shettima to Lead Nigeria’s Delegation

The Presidency has announced that President Bola Tinubu will not be attending the 79th United Nations General Assembly session in New York this year.

According to a statement released by his spokesperson, Bayo Onanuga, on Thursday, President Tinubu has decided to prioritise domestic issues and address the country’s challenges, particularly in the aftermath of the recent devastating flooding.

As a result, Vice President Kashim Shettima has been directed to lead Nigeria’s delegation to the UNGA 79.

During the session, which runs from September 24 to 28, 2024, Vice President Shettima will deliver Nigeria’s national statement to the General Assembly, participate in key sideline events, and engage in bilateral meetings.

The high-level general debate will focus on the theme “Leaving no one behind: Acting together for the advancement of peace, sustainable development and human dignity for present and future generations.

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Southwest pensioners reject N70k minimum wage, urge new negotiations

The Nigeria Union of Pensioners, South West zone, on Thursday rejected the N70,000 minimum wage that the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) negotiated, which was signed into law by President Bola Tinubu.

They urged organised labour to return to the negotiating table while blaming them for allowing the Federal Government to trick them into accepting the amount in the first place.

The NUP Southwest noted that before the N70,000 was even implemented, the federal government had gone ahead to further increase the price of petrol, saying that the NLC and TUC that went into that negotiation were blindfolded and naïve.

The pensioners also said that they wholeheartedly support the autonomy of the local government, provided that whatever arrangement is being put in place, the pensions of primary school teachers and the local government pensioners at the local level are not to be tampered with.

The NUP Zonal Public Relations Officer and Secretary of Oyo State NUP, Dr Olusegun Abatan, stated this in Ado-Ekiti, the Ekiti State capital, while addressing newsmen after the zonal meeting of the pensioners.

He said that labour leaders ought to be more clever when dealing with politicians.

“There are two burning issues that we need to put forward to the public domain. The first issue is the agreement between labour and the Federal Government over the minimum wage of N70,000,” he said.

“The NUP Southwest debated it extensively and we found out that before the N70,000 was even implemented, the federal government had gone ahead to further increase the price of petrol. And we concluded that the two labour centres that went into that negotiation were blindfolded; they went there naïve.

“They forgot that when you are dining with the devil, your spoon must be very long, and when you are dining with the politicians, your spoon must be longer than that of the devil. So, the federal government took advantage of their naivety and the inexperience of Comrade Ajaero and Osifo by tricking them into accepting N70,000 and that they would not increase fuel prices.

“But no sooner did they agree than the federal government went ahead to increase the price. To that extent, the NUP Southwest is rejecting the minimum wage that the labour has negotiated and advises that they should go back to the negotiating table and insist on the N250,000 they initially wanted.

“What is the value of N70,000? It is just about sixty litres of fuel. We say they should return to the negotiating table, and if going on strike will bring about an improvement, then we will support it. These people are not reducing their level of enjoyment; rather, their level of profligacy is increasing minute by minute. It is only the workers that are expected to tighten their belts; they don’t even have belts because their stomachs are too big to take a belt.”

On Local Government Autonomy, Abatan said, “NUP wholeheartedly supports it. But with the condition that whatever arrangement is being put in place, the pensions of primary school teachers and the local government pensioners at the local level are not to be tampered with. The salaries of working teachers should also continue. The salaries of LG workers and allowances of the traditional rulers should be taken care of as the first-line charges.”

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Nigeria’s Super Eagles maintain 39th position on World Rankings

Super Eagles

Nigeria’s Super Eagles have retained their 39th position in the latest FIFA men’s world rankings released on Thursday. During the review period, the Super Eagles played two matches.

They secured a 3-0 victory over the Cheetahs of Benin Republic and were held to a 0-0 draw by the Amavubi of Rwanda. Both matches were qualifiers for the 2025 Africa Cup of Nations.

On the African continent, the three-time AFCON champions are ranked sixth.

The top five teams in Africa are Morocco, Senegal, Egypt, Cote d’Ivoire, and Tunisia.

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Trending Kitchen Styles of 2024: Latest Design Inspirations

The kitchen, often considered the heart of the home, has evolved into a space where functionality meets style. As we navigate the ever-changing landscape of interior design, 2024 brings forth a fresh wave of kitchen trends that blend innovation, sustainability, and timeless elegance. In this article, we’ll delve into the most sought-after kitchen styles, exploring their defining features, materials, and color palettes to inspire your next renovation or design project.

1. Modern Farmhouse

Characterized by:

  • Exposed beams and shiplap.
  • Rustic wood accents.
  • Matte black fixtures.
  • Soft neutral color schemes.

Image: A modern farmhouse kitchen featuring reclaimed wood cabinets, metal pendant lights, and a large island.

2. Industrial Chic

Defined by:

  • Exposed brick and concrete.
  • Metal accents and piping.
  • Reclaimed wood.
  • Bold color contrasts.

Image: An industrial-chic kitchen showcasing metal beam ceilings, concrete countertops, and vintage appliances.

3. Coastal Cool

Features:

  • Light, airy color palettes
  • White or pastel-hued cabinets
  • Natural textures (woven baskets, jute rugs)
  • Glass or stainless steel accents

Image: A coastal kitchen with soft blue cabinets, white marble countertops, and a nautical-themed backsplash.

4. Mid-Century Modern

Characterized by:

  • Clean lines and minimal ornamentation
  • Walnut or teak cabinetry
  • Retro-inspired appliances
  • Bold, geometric patterns

Image: A mid-century modern kitchen featuring walnut cabinets, vintage-style lighting, and a geometric-tiled backsplash.

5. Scandinavian Minimalism

Defined by:

  • Light woods (birch, beech)
  • Minimal ornamentation
  • Functional, handle-less cabinets
  • Monochromatic color schemes

Image: A Scandinavian-inspired kitchen with birch cabinets, a minimalist island, and sleek, handle-less drawers.

6. Rustic Reimagined

Features:

  • Reclaimed or distressed wood
  • Earthy color palettes
  • Natural stone or brick
  • Vintage decorative accents

Image: A rustic kitchen with reclaimed wood cabinets, natural stone countertops, and vintage metalware.

7. Smart Kitchens

Characterized by:

  • Integrated smart home technology
  • Touchless faucets and voice-controlled appliances
  • High-gloss finishes
  • Sleek, modern cabinetry

Image: A smart kitchen featuring touchless faucets, voice-controlled lighting, and a sleek, high-gloss island.

8. Sustainable Kitchens

Defined by:

  • Eco-friendly materials (recycled glass, bamboo)
  • Energy-efficient appliances
  • Water-conserving fixtures
  • Natural, non-toxic finishes

Image: A sustainable kitchen showcasing recycled glass countertops, bamboo cabinets, and energy-efficient appliances.

As we explore these trending kitchen styles, remember to balance functionality with personal taste. Whether you’re drawn to modern farmhouse charm or Scandinavian minimalism, incorporate elements that reflect your lifestyle and aesthetic preferences. With inspiration from these designs, create a kitchen that’s both beautiful and functional – the perfect heart of your home.

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OPEC Boss: High Taxes, Not Oil Prices, Behind Global Fuel Price Increases

Fuel price hike

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has attributed rising fuel costs primarily to the taxes imposed by major oil-consuming nations, rather than the price of oil itself.

In a recent statement, Al Ghais clarified that fuel prices at the pump are influenced by multiple factors, including crude oil prices, refining, transportation, marketing costs, oil company margins, and most notably, taxes.

His comments come at a time when Nigeria has witnessed several petrol price hikes over the past year.

The latest increase, announced by the Nigerian National Petroleum Company Limited (NNPC) on Monday, saw prices rise to between N950 and N1,019.22 per liter at its retail outlets.

Al Ghais emphasized that revenues generated by oil-producing countries are frequently reinvested into their domestic oil sectors, supporting activities such as exploration, production, and transportation.

However, he noted that governments in oil-consuming nations collect substantial revenue through taxes on petroleum products.

He pointed out that in 2023, taxes made up an average of 44 percent of the final retail fuel price in Organisation of Economic Co-operation and Development (OECD) countries, showing a year-on-year increase.

For many consumers, he explained, these taxes have a greater impact on their wallets than the crude oil price itself.

“It is the sovereign right of countries to set their own tax policies,” Al Ghais remarked.

“But when concerns arise about the impact of high fuel prices on people’s disposable income, it’s crucial to remember how much of the cost is due to taxes funneled to finance ministries globally.”

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