Headlines
Looming Strike: FG, Labour Hold Decisive Meeting Today over Minimum Wage
The Federal Government and oragnised labour will today meet to discuss consequential increase in the salaries of workers as a result of the new minimum wage of N30,000.
The meeting is coming after another meeting on Monday where labour submitted its preferred percentage on the consequential increase in workers’ salaries as a result of the new minimum wage of N30,000.
Today’s (Tuesday) meeting was a response to labour’s threat of indefinite strike if government refused to accept its demands on or before the close of work on October 16, 2019.
A source at the Ministry of Labour and Employment told our correspondent that apart from the minister, Dr Chris Ngige, who would chair the meeting, the Federal Government team would comprise of the Minister of Finance, Budget and Planning, Hajia Zainab Ahmed; Minister of State, Finance, Budget and Planning, Clement Agba; Minister of State, Labour and Employment, Festus Keyamo (SAN); Head of the Civil Service of the Federation, Dr Folashade Yemi- Esan; Director General, Budget Office of the Federation, Ben Akabueze; Acting Chairman, National Salaries Income and Wages Commission, Ekpo Nta; and the Accountant General of the Federation, Ahmed Idris.
Labour will be represented at the meeting by the Joint National Public Service Negotiating Council, headed by its acting chairman, Achaver Simon, and secretary of the union, Alade Lawal.
The minister of labour had also extended invitation to leaders of the Nigeria Labour Congress and Trade Union Congress.
Labour is demanding 29 per cent salary increase for officers at salary levels 07 to 14 and 24 per cent adjustment for officers at salary grade levels 15 to 17 while the Federal Government had presented to labour a proposal of 11 per cent salary increase for officers at grade levels 07 to14 and 6.5 per cent adjustment for workers at grade levels 15 to 17.
In preparation for the strike, labour on Friday, October 11, 2019 sent a letter to all the state councils, telling them to prepare for the industrial action.
On its part, the Federal Government had been making moves to stop the strike with two impromptu meetings with leaders of the labour unions.
The Monday meeting was preparatory to today’s (Tuesday) meeting before labour will take a decision on whether to proceed on indefinite strike or not.
Already, the Nigeria Labour Congress had sent letters to chairmen and secretaries of its affiliate councils in all states, ordering them to begin coordination of members ahead of possible industrial action.
Among the labour leaders at the Monday meeting were deputy president of the NLC, Amechi Asugwuni; its secretary-general, Emma Ugboaja; Secretary general of the Trade Union Congress, Musa-Lawal Ozigi; Secretary of the Joint National Public Service Negotiating Council, Alade Lawal; Ibrahim Khaleel of NLC; Nuhu Toro (TUC); and Musa Abbas (TUC).
Ngige had said before the meeting began that it was important to soften the ground before the major meeting on Tuesday (today), stressing that part of his job as a minister in the ministry was to ensure industrial peace.
He said, “If we don’t soften the ground, bullets will fly and at the end of the day, we will come back to the negotiating table. That is why we are doing this as a pro-active measure. Part of my work is to ensure that there is a quiet industrial milieu.
“On Tuesday, we are going to do the mix grill meeting. That mix grill meeting can be one hour meeting, it can be two hours, or it can be 12 hours, depending on what we are able to achieve today. I appeal to everybody to show some understanding.”
Speaking on behalf of organised labour after the meeting, Asugwuni said labour was prepared to go ahead and embark on strike if the outcome of the Tuesday meeting did not satisfy its demand, stressing that mobilisation of members for the strike was still going on.
He said, “The meeting was a consultative one. The meeting took into consideration the essential issues about the minimum wage that is still pending. With the consultation, we were able to share information with the Minister of Labour and Employment in order to ensure the success of tomorrow’s (today) meeting.
“We believe that the Federal Government will do the needful because ours is a straightforward proposal. We have made our proposal to the Federal Government before now and government is to respond. We believe that by tomorrow, we will get the feedback and know the next thing to do.”
The labour leader said the Monday meeting afforded Ngige the opportunity to know ahead all the facts about what labour had demanded as consequential increase for workers. He noted that labour would not accept anything lower than its demand and ready to take any step to drive home its demands.
“The Federal Government will also meet after this meeting ahead of Tuesday’s meeting which will give birth to what will happen on Tuesday. But labour is prepared to take any step in driving our demand home.
Asugwuni wondered why the Federal Government had found it difficult to compensate workers legitimately after offering their services to the nation.
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Headlines
Trump Signs Spending Bill to End Longest Government Shutdown
US President Donald Trump has signed a federal spending bill, officially ending the longest government shutdown in American history.
The legislation, passed by the House of Representatives in a 222–209 vote, followed narrow approval in the Senate just two days earlier. The bill restores funding to federal agencies after 43 days of closure, bringing relief to millions of government employees and citizens affected by halted services.
Speaking after signing the measure on Wednesday night, Trump described the deal as a political victory, asserting that Democrats unnecessarily prolonged the shutdown.
“They didn’t want to do it the easy way. They had to do it the hard way, and they look very bad,” he said.
The temporary funding bill maintains government operations only through 30 January, creating a new deadline for lawmakers to negotiate a long-term budget solution.
As part of the agreement, Senate leaders committed to an early December vote on Obamacare subsidies, a key priority for Democrats during the shutdown standoff.
In addition to reopening federal offices, the bill provides full-year funding for the Department of Agriculture, military construction projects, and several legislative branch offices.
It also ensures retroactive pay for federal workers affected by the shutdown and allocates funding to the Supplemental Nutrition Assistance Program, SNAP, which helps about one in eight Americans access food.
The shutdown, which began in October, forced the suspension of many government services, leaving an estimated 1.4 million federal employees either furloughed or working without pay. It also disrupted food assistance programmes and caused widespread delays in domestic air travel.
With federal operations now resumed, attention in Washington has turned to whether Congress and the White House can reach a longer-term funding agreement before the new deadline at the end of January.
Headlines
FG Halts Planned 15% Import Duty on Diesel, Petrol
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.
NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.
President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.
The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.
The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.
Implementation was slated to take effect on November 21, 2025.
The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.
While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.
Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.
In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.
“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.
Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.
Headlines
Senate Approves Tinubu’s N1.15tr Domestic Loan Request to Fund 2025 Budget Deficit
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.
The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.
The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.
This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).
In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.
President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.






