Experts Warn of Economic Perils Amid Minimum Wage Dispute Industry experts and financial analysts warn that the economy is on a difficult path to recovery, and the ongoing minimum wage agitation and reintroduction of the fuel subsidy will further complicate the prospects for early recovery. Organised Labour stated over the weekend that President Bola...
Read MoreAbdulmumuni Abiola: A Better Way to Immortalize My Father is to Alleviate Poverty Tell us about your mum. Who was she, and how do you describe her legacy?Alhaja Kudirat Abiola was a humble lady, born in Zaria. She had four siblings (two older brothers and two younger sisters). After she graduated from high school,...
Read MoreThe Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu’s government for not disclosing spending details of loans obtained by former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari. The suit names the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and...
Read MoreReflecting on the significant events that have shaped Nigeria, the June 12, 1993, presidential election stands out positively. This event, won by the late Chief MKO Abiola, remains significant 31 years later. Prof. Odion Akhaine, who was detained for advocating the revalidation of the election, laments that the values of June 12 are not...
Read MoreNigerian Governors Declare Inability to Pay N60,000 Minimum Wage In a significant development, Nigerian state governors have collectively declared their inability to meet the proposed N60,000 minimum wage due to budgetary constraints. The announcement was made following a recent meeting of the Nigeria Governors’ Forum (NGF), where the financial implications of the new wage...
Read MoreIn a decisive move, Peter Obi, the Labour Party’s presidential candidate in the 2023 election, has dismissed the Labour Party’s attempt to create a directorate for the ‘Obidient Movement.’ The ‘Obedient Movement’ emerged in 2022, fueled by Obi’s reputation for frugality, simplicity, and humility. His entry into the Labour Party inspired many, particularly the...
Read MoreIn a surprising turn of events, Mr. Israel Ayeni, the New Nigeria Peoples Party (NNPP) governorship candidate for the upcoming November 16 election in Ondo State, has announced his withdrawal from the race. Ayeni secured the NNPP ticket on April 26, garnering 100 votes to triumph over his sole rival, Prof. Ibrahim Ajagunna, at...
Read MoreThe ongoing strike by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) took a dramatic turn on Monday evening when soldiers and security personnel blocked journalists from accessing the Office of the Secretary to the Government of the Federation (OSGF). The venue was hosting a crucial meeting between labour leaders and government...
Read MoreOrganized labor in Nigeria’s power sector has effectively shut down the country’s electricity industry. This action follows directives from major labor unions in response to disputes over the minimum wage. Shutdown of the Power Sector The Acting General Secretary of the National Union of Electricity Employees (NUEE), Dominic Igwebike, confirmed to Vanguard that the...
Read MoreThe Central Bank of Nigeria (CBN) has officially addressed and dismissed the false and malicious rumors circulating on social media that suggest Heritage Bank is experiencing financial distress and is unable to fulfill its obligations to depositors. In a statement released by Isaac Okorafor, the Acting Director of Corporate Communications, the CBN clarified that...
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