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29
Wed, May

Labour Rejects FG’s ₦60,000 Minimum Wage Offer, Shifts To ₦494,000

The Organised Labour has once again rejected a new minimum wage proposal from the Federal Government. The government had initially proposed ₦48,000 and ₦54,000 last week, both of which were rejected by labour, however, the union shifted its position from its previous stance of ₦497,000 to ₦494,000.

FG: Tomato Scarcity, Price Increase Caused By Farm Infestation

The Federal Government (FG) through the Minister of Agriculture and Food Security, Abubakar Kyari has said the scarcity of tomatoes and its associated increase in price in some parts of the country is caused as a result of farm infestation as stated in a post from his official X (formerly Twitter) page. He said, “A significant number of our tomato farms have been affected by a severe infestation known as Tomato Ebola or Tomato Leaf Miner. This has drastically reduced the availability of tomatoes and contributed to rising costs.

Tinubu Declares 60-Days Free Ride on Abuja Mass Trasnsit- Wike

President Bola Tinubu has approved a two-month free ride on the Abuja Rail Mass Transit, also known as Metro Line, The minister of the Federal Capital Territory (FCT), Nyesom Wike disclosed. Mr Wike revealed this in Abuja on Thursday during the Ministerial Sectoral Update on the performance of Tinubu’s administration in the last year. He said the metro line would be inaugurated on 27 May by Mr Tinubu and, after that, opened for public use for free in the first two months. He explained that although the immediate past administration commissioned the building of the Abuja Rail Mass Transit system, the services were not rendered to the public.

The Federal Government has pledged to offer more assistance to local airline operators to create an enabling environment and ease of operations. Mr Festus Keyamo, Minister of Aviation and Aerospace, made this known when he presented his master card at the ministerial news briefing on the administration of President Bola Tinubu’s sectoral update. According to him, the government will support and empower all local airline operators, as it did with Air Peace, to enable them to compete with other international airlines.

The Federal Government has pledged to offer more assistance to local airline operators to create an enabling environment and ease of operations. Mr Festus Keyamo, Minister of Aviation and Aerospace, made this known when he presented his master card at the ministerial news briefing on the administration of President Bola Tinubu’s sectoral update. According to him, the government will support and empower all local airline operators, as it did with Air Peace, to enable them to compete with other international airlines.

FinTech, Mobile Money Operators To Resume Customer Onboarding - CBN

The Central Bank of Nigeria (CBN) on Tuesday during the 295th Monetary Policy Committee (MPC) of the apex bank in Abuja, disclosed that mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint will resume the enrolment of new customers “in another couple of months”. According to the Governor of the CBN, Olayemi Cardoso, the purpose of stopping fintech companies from onboarding new customers in April was to block money laundering and illicit flow of cash.

Port Harcourt Refinery to Commence Operation July Says IPMAN

The Independent Marketers Association of Nigeria (IPMAN) has stated that the 210,000-barrel-per-day Port Harcourt refinery will begin operations by the end of July, after several postponements.
This was disclosed on Monday by IPMAN National Public Relations Officer, Ukadike Chinedu. He stated that the development would stimulate economic activities, reduce the price of petroleum products, and ensure adequate supply. Recall that the refinery was shut down in March 2019 for the first phase of repair works after the government secured the service of a technical adviser of Itay’s Maire Tecnimont to handle the reviews of the refinery complex, with oil major Eni appointed technical adviser.

FG Announces Ongoing Construction Of 6,612 Housing Units Nationwide

The minister of housing and urban development, Ahmed Musa Dangiwa, has announced that 6,612 housing units are currently under construction across the country as part of the Renewed Hope Cities and Estates programme.
Speaking at the ministerial briefing on Friday, May 24, Dangiwa revealed that the projects are ongoing in states whose governors have offered land to the ministry to build affordable houses for Nigerians.

Labour Minister Declares CNG Iniatiative, A Game Changer For Job Creation

The Federal Ministry of Labour and Employment has said the presidential Compressed Natural Gas (CNG) initiative, which aims to transform the lives of 25,000 Nigerian auto technicians, as a game-changer for the country’s auto industry. Minister of Labour and Employment, Nkeiruka Onyejeocha, said the presidential CNG initiative is aimed at revolutionising the country’s transport sector with cleaner energy.

Electricity Tariff Will Reduce With Time, Minister Reveals

The Minister of Power, Adebayo Adelabu, has said he is optimistic about reducing electricity tariffs. Adelabu disclosed this on Friday during the sectoral briefing by ministers in Abuja. Recall that on April 3, the Nigerian Electricity Regulatory Commission, NERC, announced a 240 percent electricity tariff hike for band A customers who receive a 20-24 hour power supply. After the Nigeria Labour Congress and Trade Union Congress called for reversal, the Commission slashed the tariff by N18.

Judiciary Salaries Stagnates For 16 Years- AGF

The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, expresses dissatisfaction in the stagnated remuneration of judicial officers for more than 16 years. 

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