Category: 📃Supers News

  • Drama in neighborhood as Eid el-Kabir cow escapes on festival day

    Drama in neighborhood as Eid el-Kabir cow escapes on festival day

    Nigerian neighborhood is thrown into panic as the big cow they planned to use for Eid El-Kabir is cut loose and flees on the festival day.

    This was revealed in a fresh video making waves on a popular social media platform.

    Drama in neighborhood as Eid el-Kabir cow escapes on festival day
    Drama in neighborhood as Eid el-Kabir cow escapes on festival day.

    In the said video, many individuals could be seen running after the cow in a bid to catch it after it broke loose from its spot.

    As many ran after it, others couldn’t help but express worry as they shouted for help.

    The video attracted the attention of many social media users who have stormed the comment section to share their thoughts.

    See some reactions below:

    Kenny: “na all the people wey won eat the cow the run follow the cow like that đŸ€ŁđŸ˜.”

    Honeypour💼: “maalu jaa and you still dey laugh owo jonaa.”

    Ib_Lag: “😂😂😂😂I pray make them see am Oo.”

    TOLUEWAđŸ‘‘đŸ‘©â€đŸ’Œ: “This place na amolaso Abeokuta đŸ˜čđŸ˜č.”

    Prettygoddess🩋💎🐟đŸŒč: “Na every year we dey see film for this tiktok 😂😂na every year malu dey japa😂.”

    AJ Alaga: “SE wahala no con too much bayi đŸ˜‚đŸ€ŁđŸ˜‚đŸ˜‚.”

    Ewatomi_đŸ’«đŸ’Š: “Omo this aunty wey dey video ehn 😂😂😂.”

    MBDM: “Who be the werey wey dey shout egbawa oo😂😂😂.”

    Omowunmi Lawal401: “wahala Promax
.this ilĂ© ya they sweet.”

  • ‘Event planning sector controls $2bn annually’

    ‘Event planning sector controls $2bn annually’

    The W Initiative of Access Bank Plc has revealed that the event planning sector controls over $2 billion annually.

    W Initiative is an arm of Access Bank Plc that empowers women in business.

    A statement made available to PUNCH Online on Saturday indicated that the bank, through its Women Banking Department, held the W Initiative workshop for various vendors in the event industry, including event owners, rental professionals, caterers, event decorators, lighting and effects professionals, event planners, DJs/Emcees, and traditional Alagas.

    The workshop, titled “‘Stepping into the Spotlight: Empowering Women in the Event Sector,’ aimed to highlight and support women in the industry.

    The bank’s Group Head of Women Banking, Abiodun Olubitan, explained that the discussion aimed to bring attention to the contributions of women in the event sector.

    “We are saying, okay, let’s hear you. What do you do? What would you need differently that the bank can provide to support your industry and help your businesses grow faster than you could on your own? We recognise that there are different associations even within that group.

    “We recognise that this industry controls over $2 billion annually, and we believe it deserves our attention,” she said.

    The guest speaker, Bolanle Olosunde-Jenrola, discussed leveraging social media to boost business and brand presence.

    She advised participants on various strategies to grow online, including investing in paid advertising, creating quality content, understanding their audience, and choosing the right platform.

    “Not every platform fits every audience,” she said. “Be very engaging and interact more with your customers or potential customers. Don’t be a copycat; be authentic.”

    The bank’s Team Lead, Women Banking, Gbemisola Ajibulu, reiterated the bank’s commitment to assisting women in the event industry to grow their businesses.

    She said, “We saw the need to bring members of the industry together, engage them, and build their capacities. At the Women’s Banking team, which handles the W Initiative, we understand that women play a crucial role in the economy. The event industry, in particular, is significant and predominantly composed of women. It made sense to focus on this sector, listen to what the women in the industry need from a bank, and how we can better serve them and their businesses.”

     

     

  • Nigeria’s headline inflation surges to 33.95% in May

    Nigeria’s headline inflation surges to 33.95% in May

    Again, Nigeria’s inflation rate increased to 33.95 per cent in May 2024 according to the latest data from the National Bureau of Statistics.

    This represents a month-over-month increase of 0.26 per cent points in the headline inflation rate from 33.69 per cent recorded in April, the NBS stated in the Consumer Price Index report released on Saturday.

    The CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living. Between January and May, headline inflation has risen, surging from 29.90 per cent in January to 33.95 per cent in May, representing an increase of 13.5 per cent.

    The report added that the inflation rate climbed to a more than 28-year high in May on higher food and transport prices.

    The report read, “In May 2024, the headline inflation rate increased to 33.95% relative to the April 2024 headline inflation rate which was 33.69 per cent. Looking at the movement, the May 2024 headline inflation rate showed an increase of 0.26 per cent compared to the April 2024 headline inflation rate.

    “On a year-on-year basis, the headline inflation rate was 11.54 per cent points higher compared to the rate recorded in May 2023, which was 22.41 per cent. This shows that the headline inflation rate (year-on-year basis) increased in May 2024 when compared to the same month in the preceding year (i.e., May 2023).

    “On the contrary, on a month-on-month basis, the headline inflation rate in May 2024 was 2.14%, which was 0.15% lower than the rate recorded in April 2024 (2.29 per cent). This means that in May 2024, the rate of increase in the average price level is less than the rate of increase in the average price level in April 2024.

    Also, potatoes, fish and meat contributed to higher food prices. Food inflation quickened to 40.66 per cent in May from 40.3 per cent in April.

    “The Food inflation rate in May 2024 was 40.66 per cent on a year-on-year basis, which was 15.84 per cent points higher compared to the rate recorded in May 2023 (24.82 per cent), the NBS report read.

    In recent years, food prices have been on the rise across Nigeria. The situation deteriorated due to the impact of government policies such as the removal of subsidies on petrol, among others.

    The upward trend in the prices of these staples and other products has weakened the purchasing power of many citizens, making it difficult for many households in the country to afford daily meals.

    Details later


     

     

  • NDLEA busts drug cartel, seizes N4.7bn cocaine, others

    NDLEA busts drug cartel, seizes N4.7bn cocaine, others

    In a massive crackdown on drug trafficking, the National Drug Law Enforcement Agency has busted a cartel controlled by a drug baron and his sister, seizing cocaine and methamphetamine worth over N4.1 billion.

    This was made known in a statement signed by the Director of Media and Advocacy, Femi Babafemi, and shared on the Agency’s website on Sunday.

    According to the statement, the operation, which was conducted on June 13 and 14 in Aba, Abia State, resulted in the arrest of Kelechi Monday Nwaobasi, 49, and his sister, Chinwe Rose Nwaobasi, 50. The siblings were found with 20.76 kilograms of cocaine and methamphetamine.

    The statement said, “A cartel controlled by a drug baron, 49-year-old Kelechi Monday Nwaobasi and his 50-year-old elder sister, Ms. Chinwe Rose Nwaobasi, has been taken down by officers of the Special Operation Unit of the National Drug Law Enforcement Agency, NDLEA, following the arrest of the siblings and seizure of cocaine and methamphetamine consignments worth over N4.1billion in street value from their hideout in Aba, Abia state.

    “The special operation conducted on Thursday 13th and Friday 14th June, 2024 at 3B, Boundary Avenue, Aba and a residence along Ohia road, Ohia, Abia State followed months of intelligence gathering, leading to the arrest of the ring leaders and the combined seizure of 20.76 kilograms of cocaine and methamphetamine from them.

    NDLEA operatives also uncovered a Lagos warehouse stocked with codeine-based syrup and arrested four suspects connected to the importation and distribution of the opioid.

    The statement added, “In a related development, NDLEA operatives in Lagos state have uncovered an expansive warehouse stocked with a large consignment of codeine-based syrup, located at Comfort Oboh area of Kirikiri, where four persons connected with the importation and distribution of the opioid were arrested during an intelligence-led raid on the facility.

    “Those arrested include: Kingsley Amanambu Obumneke, 38; Emeka Emmanuel, 48; Bornaventure Ugochukwu, 59; and Martin Dike, 56, while a total of 82,000 bottles of the opioid worth more than N600million in street value, Toyota Tacuma truck and two buses used for distributing the substance were recovered from the premises on Monday 10th June 2024 when NDLEA officers conducted the operation.

    “Two days after, Wednesday 12th June, operatives intercepted another suspect, Ibrahim Abdulhamid with 29,100 pills of tramadol and other opioids as well as 3.9 litres of codeine syrup at Alaba Suru, Ojo local council area of the state.”

    NDLEA operatives in Kano arrested two major drug distributors, Yasir Rabi’u (23) and Abubakar Ado (30), with 230,600 tramadol pills (225mg and 200mg) on June 10. Another suspect, Hassan Abdullahi Ali (25), was arrested with 150 bottles of codeine syrup on June 11.

    NDLEA operatives in Ogun State seized 390kg of cannabis and arrested three suspects – Muhammad Sani, Nura Mohammad, and Samaila Rabe – during a raid in the Ibese area on June 10. Additionally, on June 12, officers busted a skuchies factory in Shagamu, arresting seven suspects and recovering various drugs and equipment.

    The statement identifying the suspects said, “They include: Kareem Jamiu; Oriyimi Ayo; Bamidele Wasiu; Rasheed Olarewanju; Ramota Lawal; Amudalat Olarewanju; and Adeniyi Omotosho.

    “Exhibits recovered from them include: 387 litres of skuchies; 70 litres of industrial codeine; 25kg cannabis and different quantities of tramadol, rophynol, diazepam, as well as various equipment used in the production of the new psychoactive substance.”

    NDLEA officers raided Uhen forest in Edo State on June 12, destroying 10,534.78 kg of cannabis on a 4.2 hectare farm. Four suspects – Frank Ishoku, Clifford Ossai, Vanger Timothy, and John Peter Oluwaseyi – were arrested, and 16 kg of processed cannabis was seized for prosecution.

    NDLEA operatives also arrested two suspects, Muhammad Abba (33) and Samson Ehizogie (42), with 3,550 bottles of “Akuskura”, a new psychotropic substance, during a raid in Abuja on June 14. The arrests were made in Garki Area 10 and Dutse Suokale, both in the Federal Capital Territory.

    NDLEA operatives on June 12, arrested Emmanuel Ogechi, 24, with 11,200 tramadol pills in Benue State.

    Additionally, Anayo Onwe, 40, was arrested with 62.4kg of cannabis sativa in Anambra State, where 1kg of methamphetamine was also seized from a fleeing suspect.

    Furthermore, Muhammed Musa, 24, was arrested with 33kg of cannabis in Kwara State, and Shokuro Adeola, 59, was arrested with 11.5kg of cannabis in Lagos-Ibadan expressway, Oyo state.

     

  • Marketers distribute 25 million litres Dangote diesel

    Marketers distribute 25 million litres Dangote diesel

    Independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery in less than three months after the plant started releasing AGO to the market.

    It was also gathered on Saturday that the registration of oil marketers with the $20bn firm was still ongoing, as more dealers register with the plant ahead of its readiness to push out Premium Motor Spirit, also known as petrol, into the domestic market in July.

    Marketers are also ready to begin PMS distribution from the plant.

    The Independent Petroleum Marketers Association of Nigeria, Major Energies Marketers Association of Nigeria, and Petroleum Products Retail Outlets Owners Association of Nigeria confirmed the registration of their members with the Lagos-based refinery.

    They also confirmed the continued lifting of diesel from the facility, stating that this has stabilised the price of the commodity and ensured its adequate supply since the commencement of production in March this year.

    Diesel price crashed from about N1,800/litre to N1,200/litre after Dangote refinery released the product into the Nigerian market late March 2024, and since then the product’s availability has been guaranteed across the country.

    Commenting on the stability of diesel price and its availability since Dangote started production, as well as the registration of marketers with the refinery, the National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, told our correspondent that over 25 million litres of AGO from the plant had been distributed by IPMAN members nationwide.

    “Independent marketers are registering with Dangote, and many of us have lifted a lot of product from Dangote’s depot. I’m aware of so many marketers who have registered with the Dangote refinery.

    “I can also confirm that independent marketers have loaded over 25 million litres of diesel since the refinery started the domestic sale of diesel to downstream oil sector operators in Nigeria,” Ukadike stated.

    Dealers and officials of the plant also confirmed the development at the time, as they explained that the plant actually started diesel sales the previous week.

    “They started pumping out diesel to marketers since last week. They also promised to sell aviation fuel soon. Some of my members confirmed this to me after making a purchase,” the National President, IPMAN, Abubakar Maigandi, had told our correspondent at the time.

    Maigandi had also stated that the move by Dangote would lead to a crash in diesel price, as the commodity rose to a high of about N1,700/litre at the time.

    “The price of diesel is going to fall because of the release of products from Dangote Refinery. In fact, it is already coming down in Lagos,” Maigandi had stated.

    This eventually happened after Dangote crashed diesel price to N1,200/litre.

    Although officials of the Dangote refinery have remained silent on issues about the plant, dealers stated on Saturday that the marketers were anxiously awaiting the release of petrol from the plant, with the hope that this may crash the cost of the commodity.

    “Marketers are loading more products from the plant and are eager to begin the lifting of PMS from the refinery, since the Chairman of the group has said that PMS should hit the market in July,” Ukadike stated.

    He added, “I must say that it is a good thing to know that PMS is being finalised for release from that plant. This is because since Dangote diesel came into the market the price of diesel has not crossed the N1,200/litre mark.

    “Independent marketers even in far away northern states are selling diesel at N1,200/litre at the pumps. So the coming of Dangote has slowed down the skyrocketing price of diesel. Now we are expecting PMS by July and this will end the importation of petroleum products.”

     

     

     

  • ‘You’re true heroes,’ Tinubu lauds men on Father’s Day

    ‘You’re true heroes,’ Tinubu lauds men on Father’s Day

    President Bola Tinubu, on Sunday, praised fathers for their sacrifice and resilience in shaping the nation’s future.

    He encouraged fathers to remain committed to shaping the futures of the next generation.

    This was contained in a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, in commemorating the 2024 Father’s Day.

    The statement read in part, “On the occasion of Father’s Day, President Bola Tinubu congratulates fathers, including all paternal figures, who have in no small measure contributed to shaping the destiny of the nation by their sacrifice, forbearance, provision, protection, presence, and guidance of the young ones to the noble and true path.

    “President Tinubu affirms that society is in better stead with fathers who rise to the great demand of responsibility, guiding the children through the vagaries of existence and preparing them for the future, as well as bequeathing to them pristine values that money or material comfort cannot provide, but only by personal example of discipline, integrity, service, respect, love and allegiance to the nation.

    “The President salutes all fathers, the sung and the unsung, who brave the toil of the day and the soreness of the night to provide for their families, describing them as true heroes.”

    Tinubu urged fathers “to stay true to their bounden commitment of positively shaping the destinies of those to whom the future belongs.”

    Father’s Day, celebrated on June 16, has historical origins dating back to the Middle Ages. Its modern observance began in West Virginia, USA, in 1908, to honor 362 men who died in a coal mine explosion. The day is dedicated to honouring all fathers, living, deceased, and paternal figures.

     

     

  • Danielle Edochie snubs father Yul, respond to mother’s compliment

    Danielle Edochie snubs father Yul, respond to mother’s compliment

    The daughter of Yul Edochie and May, Danielle Edochie, caused a stir on social media with her preferential reactions to compliments from her parents.

    On Tuesday, 19-year-old Danielle Edochie ignited Instagram with a breathtaking array of images showing her glowing beauty.

    Danielle’s father, Yul Edochie, expressed his delight and admiration on his own Instagram profile a few hours after Danielle posted her pictures.

    He showered her with kind words of praise and affectionate admiration after sharing one of her stunning new images.

    Danielle Edochie snubs father Yul, respond to mother's compliment
    Danielle Edochie, Daughter of May and Yul Edochie

    She was referred to by Yul as the “daughter of life,” and he praised her beauty and leadership abilities.

    Yul tagged her Instagram handle and wrote; “Daughter of life. Squad Leader. Super Model. Jadon! Danielle Dubem Yul-Edochie,” 

    Danielle has not responded to or acknowledged her father’s message since Tuesday, for more than 48 hours, as of today, Thursday, June 13.

    Meanwhile, on Wednesday evening, May Edochie commented on her daughter’s post, showering Danielle with gushing praise and tenderly describing her as a great beauty.

    She wrote: “My asa my Ada Beeke”

    Hours later, Danielle responded with a cheerful selfie, subtly conveying her delight at her mother’s praise.

     

  • Report — Post-subsidy PMS import costs rise by 31%

    Report — Post-subsidy PMS import costs rise by 31%

    Nigeria’s cost of petrol importation has continued to rise despite an almost 50 per cent drop in the nation’s consumption rate, reports by the Nigeria Bureau of Statistics have shown.

    The PUNCH reports that N2.63tn was spent on the importation of Premium Motor Spirit in the first quarter of 2024, which was 31.4 per cent higher than the cost incurred for the same purpose in the last quarter of 2023.

    In the last three months of 2023, our correspondent estimated that N1.81tn was expended in importing petrol.

    The country imported 6,372,422,896 litres of petrol at the rate of N1.49tn in the first quarter of 2023, according to reports from the NBS, putting a litre of petrol at N234 during the subsidy regime.

    N1.51tn was spent in the first quarter of 2022 to bring in 5,782,767,749 litres of PMS, putting a litre around N260.

    With the payment of fuel subsidies at that time, the pump price of petrol ranged between N165 and N200 per litre.

    On May 29, 2023, when he was sworn in, President Bola Tinubu, announced an end to the fuel subsidy era, saying, “The fuel subsidy is gone.”

    After the pronouncement, the price of petrol skyrocketed to around N550 per litre.

    The price was later impacted by the government’s decision to float the naira.

    The pump price of petrol is currently between N600 and N700, depending on the marketer and the location.

    After the removal of fuel subsidies, the Federal Government said the nation’s oil consumption had reduced by 50 per cent.

    “Petrol importation has been reduced by 50 per cent since the withdrawal of the fuel subsidy,” the Minister of Information and National Orientation, Mohammed Idris, said during a ministerial press briefing in February.

    On February 18, 2023, about three months before Tinubu ended the PMS subsidy regime, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, revealed that Nigeria was consuming about 66 million litres of PMS daily.

    At that time, Kyari put the landing cost of petrol at around N315/litre.

    “Our customers are here; we are transferring to each of them at N113/litre. That means there is a difference of close to N202 for every litre of PMS we import into this country. In computation, N202 multiplied by 66.5 million litres, multiplied by 30 will give you over N400bn of subsidy every month,” Kyari said.

    Going by the position of the information minister that petrol importation had dropped by 50 per cent, it implies that the volume of imports into Nigeria had reduced by about 33 million litres daily, based on NNPCL’s figures in February, implying that PMS importation had dropped by about 990 million litres in one month.

    Also, a report by the NBS showed that there was a reduction in the amount of fuel imported into the country months after the removal of the subsidy, indicating that the country consumed an average of 1 billion litres per month.

    However, despite this 50 per cent reduction claim, the cost of PMS imports was reported to be on the increase.

    Experts have attributed the increase to the depreciation of the naira against the dollar.

    In the first quarter of 2024, when the country spent N2.63tn on fuel imports, the government was said to have imported a litre of PMS at the rate of N878 if the monthly import volume is pegged at 1 billion litres and three billion litres for the quarter.

    This has been the reason many stakeholders have been accusing the Federal Government and the NNPCL of secretly paying the subsidy; an allegation the government has denied repeatedly.

    Recently, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said, “Let me say categorically that the President had rightly said, on the day he was sworn in; he said subsidy is gone. The last government did not make any provision for subsidy in the 2023 budget.

    “And I can confirm to you that subsidy is gone. But there could be strategic interventions from time to time. But officially, the subsidy is gone. If you look at the Petroleum Industry Act, the NNPC, as a national oil company, also has a legal obligation to intervene from time to time.”

    Meanwhile, the International Monetary Fund had earlier warned that with pump prices and tariffs below cost-recovery, “implicit subsidy costs could increase to 3 per cent of GDP in 2024 from 1 per cent in 2023”.

    It noted that those subsidies were costly and poorly targeted, with higher-income groups benefiting more than the vulnerable.

    The IMF reechoed, “The implicit fuel subsidy could gulp as high as N8.4tn in 2024 from N1.85tn in 2023; N4.4tn in 2022; N1.86tn in 2021 and N89bn in 2020.”

     

     

  • NDIC lists Heritage Bank’s head office, other assets for sale

    NDIC lists Heritage Bank’s head office, other assets for sale

    The Nigeria Deposit Insurance Corporation NDIC has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its role as liquidator of the bank.

    NDIC announced the sale of the bank properties numbering 48 and its chattel including vehicles, office equipment, plant, and machinery in another 62 locations across the country in an advertorial published in The PUNCH on Thursday.

    “The Nigeria Deposit Insurance Corporation in the exercise of its right as Liquidator of failed Deposit Money Banks hereby invites interested members of the general public to buy the assets (landed property and chattels) of defunct Heritage Banks through public competitive bidding,” part of the advertorial read.

    The head office of the bank and its annex located at 143 Ahmadu Bello Way and 130 Ahmadu Bello Way, Victoria Island, Lagos was listed for sale (buildings, chattels, generator, and motor vehicle). Also listed for sale were six other branches in Lagos, four branches in Abuja, four in Rivers States, and the others spread across the country.

    Interested parties are invited to come for an inspection and subsequently put in bids on the assets to be submitted to the NDIC office in Lagos.

    Bids are expected to come in with 10 per cent of the bid amount in Certified Bank Draft. Successful bidders will be required to pay the balance of the bid price within two weeks of notification.

    Earlier, the corporation announced the commencement of the verification and payment of the depositors of the bank with N5m or less in their accounts. This category of customers makes up about 99 per cent of the bank customers.

    The Managing Director of the NDIC, Bello Hassan, at a media briefing on the liquidation of Heritage Bank in Abuja last Wednesday, put the total depositors at Heritage Bank at 2.3 million.

    Hassan noted that the total bank deposits at Heritage Bank stood at N650bn  while its loan portfolio was about N700bn

    In announcing the revocation of the licence of Heritage Bank, the apex bank in a statement signed by the Acting Director of Corporate Communication, Sidi Ali, said, “This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020. The board and management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability.

    “This follows a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline. Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby, making the revocation of the licence the next necessary step.”

    Stakeholders in the sector have gone on to express confidence in the decision of the CBN in the overall interest of the sector.

    The chairman of the Bank Directors Association of Nigeria, Mustapha Chike-Obi, in a chat with The PUNCH said,“BDAN accepts and respects the unique position of the CBN in making this kind of decision in the interest of the banking sector. BDAN is confident that CBN analysed all the pros and cons of this decision and took the best decision in the interest of the banking sector.”

    Also, the House of Representatives has passed a resolution mandating the CBN to investigate the leadership and management of Heritage Bank to “Identify any possible issues of mismanagement or wrongdoing that may have contributed to the bank’s failure.”

    This followed the adoption of a motion of urgent public importance during plenary on Tuesday, filed by the member representing Idemili North/Idemili South Federal Constituency of Anambra State, Uchenna Okonkwo.

    It also urged the NDIC “to conduct a comprehensive review of its operations and the effectiveness of its mandate to ensure that it is adequately equipped and resourced to fulfill its role as deposit insurer and investor of failed banks.”

     

     

     

  • Minimum wage: FG warns of mass sacking as Labour disowns agreement

    Minimum wage: FG warns of mass sacking as Labour disowns agreement

    The Federal Government FG on Wednesday admonished organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage.

    The Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by labour could undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of Nigerians.

    However, the labour unions refuted President Bola Tinubu’s claims during his Democracy Day broadcast on Wednesday that an agreement had been reached on the new national minimum wage.

    Acting President of the Nigeria Labour Congress, Prince Adewale Adeyanju, said as of the time negotiations ended on June 7,  no agreement had been reached by the Tripartite Committee on the National Minimum Wage.

    Adeyanju is acting on behalf of the NLC president, Joe Ajaero,  who is attending an International Labour Organisation conference in Geneva, Switzerland.

    Tinubu drew the ire of the unions after stating that his administration would soon submit an executive bill to the National Assembly to codify the agreements reached in the minimum wage negotiations between Labour, the private sector, the states and the Federal Government.

    The parties had engaged in prolonged talks for weeks with the unions insisting on N250,000 minimum wage while the Federal Government and the Organised Private Sector offered N62,000.

    However, the state governors said they would not be able to sustain any minimum wage higher than N60,000.

    Dismissing the offers made by the Federal Government and the OPS, the labour unions said they would not negotiate what they described as ‘starvation wage.’

    N62,000 not acceptable

    The Assistant General Secretary of the NLC, Chris Onyeka, said Labour would not accept the latest offer of N62,000 and the N100,000 proposal made by some individuals and economists.

    This was as the NLC President, Joe Ajaero, said the unionists were waiting on the President to consider Labour’s proposal.

    But speaking at the opening of the 2024 Synod of the Charismatic Bishops Conference of Nigeria in Abuja on Wednesday, the information minister emphasised the imperative of a realistic wage system that safeguards against mass retrenchment while addressing workers’ needs.

    Idris restated the government’s dedication to reassessing the minimum wage but cautioned against demands that could disrupt the economy.

    He stated, “As I have repeatedly said, the Federal Government is not opposed to the increase of wages for Nigerian workers but we keep on advocating for a realistic and sustainable wage system for the workers – a wage system that will not undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of about 200 million Nigerians.

    “We want the labour unions to understand that the relief that Nigerians are expecting, and that they fully deserve, will not come only in the form of an increase in wages.”

    He highlighted the ongoing efforts to alleviate the cost of living, citing initiatives like the Presidential Compressed Natural Gas programme aimed at reducing transportation expenses by 50 per cent.

    While advocating wage increases, Idris stressed the importance of holistic relief measures beyond salary adjustments, urging Labour to recognise the significance of programmes like the CNG initiative in enhancing citizens’ purchasing power.

    “It will also come as an effort to reduce the cost of living and to ensure that more money stays in the pockets of Nigerians. And this is where programmes like the Presidential CNG initiative come in.

    “By replacing or complementing petrol usage with CNG, that programme alone will cut transportation costs by as much as 50 per cent,” he claimed.

    The minister called on religious leaders to assist in raising public awareness about government initiatives and efforts.

    Religious leaders

    He stressed the crucial role of the clergy in disseminating information about available opportunities and the government’s ongoing efforts.

    “As a government, we need your support, advice, and feedback,” Idris stated.

    “Very importantly, we need you to be aware of the efforts being made and the challenges being faced so that you can help us communicate these to your congregations and the general public,” he added.

    The minister highlighted the influential platforms of religious leaders, noting their potential to enlighten Nigerians on their rights, responsibilities, and the economic opportunities provided by the policies under the President’s Renewed Hope Agenda.

    The agenda, he noted, aimed to promote economic rebirth, strengthen national security, boost agriculture and food security, and transform infrastructure and transportation.

    “Information and awareness are critical, and this is where our religious leaders come in. You have very influential platforms that can enlighten Nigerians on their rights, responsibilities, and the abundance of economic opportunities being thrown up by the policies and programmes being implemented under the Renewed Hope Agenda of President Bola Tinubu,” he explained.

    In his remarks, the National President of the Charismatic Bishop Conference, Archbishop Leonard Kawas, reaffirmed the organisation’s unwavering support for Tinubu’s administration, emphasising their commitment to collaborative efforts to realise the nation’s collective aspirations.

    ‘No agreement yet’

    In their reaction to the President’s national broadcast, Adeyanju disagreed with Tinubu’s statement that his administration negotiated in good faith and with open arms with Organised Labour on the new national minimum wage.

    Tinubu during his broadcast stated, “In this spirit, we have negotiated in good faith and with open arms with organised Labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less.

    “In the face of labour’s call for a national strike, we did not seek to oppress or crack down on the workers as a dictatorial government would have done. We chose the path of cooperation over conflict.

    “No one was arrested or threatened. Instead, the labour leadership was invited to break bread and negotiate toward a good-faith resolution.

    “Reasoned discussion and principled compromise are hallmarks of democracy. These themes shall continue to animate my policies and interaction with the constituent parts of our political economy.”

    But Adeyanju in a statement dismissed the President’s assertion, insisting that he might have been misled by his advisers, noting that two figures- N250,000 from Organised Labour and N62,000 from the government and the OPS- were arrived at and ought to have been submitted to Tinubu.

    According to the NLC official, anything to the contrary is not only doctored but won’t be accepted by Labour.

    The congress maintained its stance on the N250,000 minimum wage, rejecting the government’s offer of N62,000 as grossly inadequate.

    The statement read in part, “The NLC would have expected that the advisers of the President would have told him that we neither reached any agreement with the Federal Government and the employers on the base figure for a National Minimum Wage nor on its other components.

    “Our demand still remains N250,000 only and we have not been given any compelling reasons to change this position which we consider a great concession by Nigerian workers during the tripartite negotiation process.

    “We are therefore surprised at the submission of Mr President over a supposed agreement. We believe that he may have been misled into believing that there was an agreement with the NLC and TUC.

    “There was none and it is important that we let the President, Nigerians and other national stakeholders understand this immediately to avoid a mix-up in the ongoing conversation around the national minimum wage.”

    Adeyanju alleged that the labour leaders were intimidated by security agencies during the minimum wage talks.

    “Fully armed soldiers surrounded us while we were in a negotiation with the government and despite denials; recent statements by senior officials of the government reaffirmed our fears contrary to the assurances by the government.

    “However, we remain assured that the President’s democratic credentials will come to the fore in favour of Nigerian workers and masses,’’ he expressed optimism.

    According to the union, the Democracy Day celebration was an opportunity for the President to demonstrate his love for Nigerian workers and the masses by shunning the advice that may be coming from ‘’those whose intentions were continuously focused on hurting Nigeria’s poor and struggling workers.’’

    He appealed,  “Mr President should not allow these individuals and groups to sabotage his promise of lifting Nigerian workers out of poverty.

    “The President’s advisers obviously did not tell him the truth that the leaders of the trade unions were intimidated and harassed. It is therefore important that Mr President understands that we were threatened severally by his operatives perhaps without his consent.

    “Series of media propaganda calculated to intimidate and harass us were, and, are still being waged against the trade unions by senior officials of this government. “

    The NLC noted that there was no agreement as regards the duration of the Minimum Wage Act.

    “It is also important that Mr President should know that most of his officers are working round-the-clock to set up the leadership of congress and the trade unions.

    “We never agreed on a five-year duration of the Minimum Wage Act, though we acknowledge that the President mentioned five years or less.

    “We also agreed that inflation should be pegged at a level for a certain amount to be agreed as minimum wage. This is to bring clarity to what the report should contain.

    “Once again, we reiterate that it will be extremely difficult for Nigerian workers to accept any national minimum wage figure that approximates a starvation wage. We cannot be working and yet remain in abject poverty.

    “We seek justice, equity, and fairness for all Nigerians, and this we hope would also drive the actions of Mr President who promised a Living Wage to Nigerian workers. This is an opportunity to show that he listens to Nigerians as he promised,” the labour movement said.

    OPS speaks

    Also commenting on the presidential broadcast, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, stated that no consensus had been reached on the national minimum wage.

    The NACCIMA President, Dele Oye, who is part of the 37-member tripartite committee, said the panel was still in the middle of negotiation, faulting the contradictory statements being made on the talks.

    “No agreement has been reached with Labour; however, it is wrong to make a press statement in the middle of negotiations apart from appealing to all parties involved to work harder to resolve outstanding issues, as the impasse is already creating uncertainty in the ability of businesses to make decisions,” he admonished.

    In January, the government inaugurated the tripartite committee on the national minimum wage.

    The committee was tasked with the responsibility of recommending a new national minimum wage for Nigerian workers.

    Over the past few months, the federal and state governments, organised labour, and representatives of the private sector have been deliberating on a new minimum wage for workers.

    However, the demand by organised labour regarding the minimum wage has yet to be met.

    On June 3, the Nigeria Labour Congress and Trade Union Congress embarked on an indefinite nationwide strike to protest against the government’s inability to meet their minimum wage demand.

    Twenty-four hours later, the labour unions “relaxed” the strike by one week.