Headlines
Labour Puts Planned Strike on Hold as Negotiation Continues over Minimum Wage
Organised Labour and the Federal Government again failed to conclude negotiation over consequential adjustment in workers’ salaries as a result of the new minimum wage of N30,000 despite meeting for about nine hours as labour said that there was no declaration of strike yet.
The meeting began after 5:00 p.m. on Wednesday and ended at 2:00 a.m. on Thursday.
At the end of the meeting, the Minister of Labour and Employment, Dr Chris Ngige, who presided over the meeting, told journalists that specific jobs had been given to some committees that must be submitted before the negotiation could be deemed completed.
He said the meeting would reconvene 7:00 p.m. on Thursday.
Ngige said, “We have agreed on areas hitherto we could not agree on. We are adjourning the meeting. We are giving assignment to people on both sides and they are going to do the work and get back to us.
“The work involved is enormous. We are giving them the entire day to get back to us; issues of money and wage adjustment with different wage structures. We have 12 different wage structures presently in Nigeria.
“We don’t want to make mistake that would be fatal thereby put the whole exercise in jeopardy. We have consensually agreed that we will reconvene this meeting at 7:00 p.m. today. This will enable those that we give assignment to complete them and get back to us. We are okay with the meeting moving on smoothly. It is very cordial. We disagreed on various issues but we have agreed.”
President of the Nigeria Labour Congress, Ayuba Wabba, who was also part of the meeting, said that Nigerians would be given details of the negotiation and concessions made after the rescheduled meeting. He also described as speculation the report that both parties had settled for certain percentage increase in consequential adjustment.
He said, “It was a collective bargaining process that has lasted this long. Some progress has been made but we have not been able to conclude and have collective bargaining agreement. Some committees need to do some computation. We have worked up to early hours of today. That is in the true spirit of collective bargaining. That is what we have to do to get the process concluded and conclude the process.”
Asked if the strike would begin since the ultimatum issued to the Federal Government elapsed at the close of work on Wednesday, Wabba said since negotiation was still on, it was not in labour practice to disrupt it with such action.
He added, “In collective bargaining, if a meeting is adjourned, you should know that that is not our practice (declaring strike). Our practice is that until we are able to conclude the issues, we will be able to inform them (Nigerians) appropriately, but not midway when we are making progress. We cannot abruptly disrupt the process. At the appropriate time we should be able to give details.”
Wabba said the major issues remaining in the negotiation were percentage increase and implementation by government.
“We cannot speak on the percentage until we finish the negotiation. The matters under consideration are implementation and consequential adjustment. That is mere speculation. We should work on the basis of information that is credible.”
Wednesday’s meeting was indeed an enlarged one on the side of labour, with the president of the Nigeria Labour Congress, Ayuba Wabba, president of the Trade Union Congress, Quadri Olaleye, former TUC president, Bobboi Kaigama, and heads of affiliate workers unions present.
The Punch
The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu after a voice vote in favor of the request.
The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee.
The request which was submitted by the President on Tuesday is part of a fresh external borrowing plan to partially finance the N9.7 trillion budget deficit for the 2024 fiscal year.
Tinubu had on Tuesday written to the National Assembly, seeking approval of a fresh N1.767 trillion, the equivalent of $2.209 billion as a new external borrowing plan in the 2024 Appropriation Act.
The fresh loan is expected to stretch the amount spent on debt servicing by the Federal Government. The Central Bank of Nigeria recently said that it cost the Federal Government $3.58 billion to service foreign debt in the first nine months of 2024.
The CBN report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.
According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.
The trend in foreign debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.
Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.
March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.
The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.
July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.
Given rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.
Channels TV
Self acclaimed leader of the Indigenous People of Biafra (IPOB), Simon Ekpa, has been arrested by law enforcement in Finland.
The BBC reports that Ekpa was subsequently sent to prison by the district court of Päijät-Häme for “spreading terrorist propaganda on social media”.
Ekpa was said to have committed the crime in 2021 in Lahti municipality.
The Finnish National Bureau of Investigation (NBI) also arrested four other men over alleged terrorist offences.
A citizen of Finland and Nigeria, Ekpa has described himself as leader of the separatist IPOB group since Nnamdi Kanu’s incarceration.
Finnish police say Ekpa’s activities and social media rhetoric may have fanned the flames of violence in the south-east of Nigeria.
“He carries out these activities from his social media channels, for example,” said Otto Hiltunen, detective chief inspector of the NBI.
In February 2023, Ekpa was arrested by police at his residence in Lahti but was released after hours of questioning.
Using his social media channels, Ekpa had directed Igbos not to participate in Nigeria’s 2023 general election.
In September 2021, the Biafra agitator and secessionist denounced Nigeria and vowed to return the medal he won for the country at the 2003 African Junior Athletics Championships.
The Court of Appeal has sacked Musiliu Akinsanya aka MC Oluomo as the National President of the National Union of Road Transport Workers (NURTW).
In a ruling that upheld the earlier judgment of the National Industrial Court, the appellate court sacked MC Oluomo and reaffirmed Tajudeen Baruwa as the legitimate leader of the union.
Baruwa had assumed office after a properly conducted election held at the union’s headquarters in Abuja.
The three-member panel of the Appeal Court dismissed the appeal filed by MC Oluomo’s faction, declaring it devoid of merit.
In addition, the court imposed a fine of N100,000 on the appellants, further solidifying Baruwa’s leadership position.
Reports quoting court documents said to have been released on Friday detailed the ruling, which effectively countered any attempts to displace Baruwa from his role as the NURTW president.
The judgment read: “This is an appeal against the judgment/decision of the National Industrial Court Sitting in Abuja, in Suit No. NICN/ABJ/263/2023, delivered on the 11th March, 2024, by Justice O. O. Oyewumi.
“Upon reading the Record of Appeal compiled and transmitted before this court, together with the respective briefs of argument, and after hearing the counsels for the appellants and respondents, it is hereby ordered that:
“This Appeal is devoid of merit, and the same is hereby dismissed.”
The ruling reinforces the legitimacy of Baruwa’s presidency, concluding the legal dispute over the union’s leadership.
Meanwhile, MC Oluomo’s son Idowu Akinsanya (King West) had bragged about his feat of emerging the NURTW president, saying: “We are now in charge of Nigeria, not only Lagos,” a comment that attracted public opprobrium.
MC Oluomo, a diehard supporter of President Bola Tinubu and a prominent figure in Lagos politics, was the sole candidate in the election, which took place at the union’s zonal secretariat in Osogbo. His perceived victory was deemed to carry significant implications for the future of the NURTW and the political landscape of Nigeria.
