NEWS
FCCPC Launches Investigation Into GTBank, MTN & Air Peace Over Alleged Exploitative Practices
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a comprehensive investigation into major players in Nigeria’s banking, telecommunications, and aviation sectors over allegations of consumer rights violations.
The inquiry comes in response to numerous complaints of poor service delivery, exploitative practices, and possible regulatory breaches.
In a statement issued on Sunday, the FCCPC revealed that the investigations are set for December 3, 4, and 5, 2024, and will target Guaranty Trust Bank (GTB), MTN Nigeria, and Air Peace Limited.
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The statement noted that GTB is being examined for recurrent network failures that have reportedly impeded customers’ ability to access funds and use banking applications effectively.
MTN Nigeria will address complaints of undelivered data services, unexplained data depletion, and inadequate customer care.
Additionally, Air Peace Limited is under investigation for allegations of exploitative ticket pricing, particularly regarding significant price hikes for advance bookings on domestic routes.
These proceedings are based on provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018, empowering the FCCPC to investigate and address practices that undermine consumer rights or create unfair competition.
According to Ondaje Ijagwu, Director of Corporate Affairs at the FCCPC, the commission’s engagement with these companies aims to resolve outstanding consumer concerns, enforce compliance with regulatory standards, and ensure accountability.
The companies have been directed to appear before the FCCPC on their respective dates to present information and address the allegations.
The FCCPC has reaffirmed its commitment to safeguarding consumer rights and fostering a fair marketplace.
Consumers are encouraged to continue reporting instances of poor service or exploitative practices through official channels.
International News
Mexico To Raise Minimum Wage By 12% In 2025
In a bid to support low-income workers, Mexico has announced plans to raise its minimum wage by 12% starting January 2025.
The announcement was made Wednesday by Labor Minister Marath Bolaños during President Claudia Sheinbaum’s daily press conference, underscoring the government’s commitment to a “humanist economy” focused on reducing inequality.
The increase will see the daily minimum wage rise from 249 pesos ($12.23) to 278.80 pesos nationwide, while workers in northern border regions will earn approximately 420 pesos per day due to higher regional costs.
This adjustment reflects an agreement between labor and business sectors and builds on significant wage hikes in recent years.
“We continue on the path to rebuild the minimum wage and the purchasing power of Mexican men and women,” Bolaños said, highlighting that the wage has more than doubled—up 135%—since 2018 under successive leftist governments.
President Sheinbaum, who assumed office in October, has committed to maintaining annual wage increases of around 12% throughout her term.
Responding to concerns that the hike could stoke inflation, she dismissed such fears as unfounded.
“They said this would increase inflation. That’s false,” Sheinbaum said, pointing to central bank data indicating the hike will not have significant inflationary effects.
The administration’s long-term goal is to ensure the minimum wage covers 2.5 “basic food baskets,” a measure of essential groceries for a family of 3.7 people, by the end of Sheinbaum’s term.
NEWS
Reps Demand N100m Boost For Tobacco Control Fund
The House of Representatives has called on the Federal Government to allocate ₦100 million to Nigeria’s Tobacco Control Fund, enhancing its capacity to enforce the National Tobacco Control Act.
During Wednesday’s plenary, Bassey Akiba, representing Calabar Municipal/Odukpani Federal Constituency, emphasised the need for increased funding.
He highlighted that the current allocation of ₦10 million in the 2024 budget falls short of what is required to combat tobacco-related health issues effectively.
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“Tobacco control is crucial due to its impact on preventable deaths, including cancer,” Akiba stated. He warned that inadequate funding could worsen health risks, noting tobacco consumption’s link to cardiovascular diseases, stroke, and cancer.
The House urged the Federal Ministry of Health to provide a detailed report on the Tobacco Control Fund, including its balance, funding sources, and previous expenditures.
Speaker Tajudeen Abbas backed the motion, stressing the importance of sustainable funding to reduce dependence on international donors.
The House resolved to advocate for a ₦100 million allocation in the 2025 budget to bolster the fund’s effectiveness.
NEWS
Experts Urge Action To Boost Family Planning For FP2030 Targets
At the eighth Nigeria Family Planning Conference held in Abuja, medical experts stressed the urgent need to address high fertility rates and low family planning uptake to improve maternal and child health outcomes.
The event, themed “Sustaining Commitments for Family Planning within the Nigeria Health Sector Renewal Investment Initiative,” was organised by the Association for the Advancement of Family Planning (AAFP) in collaboration with the Federal Ministry of Health and Social Welfare.
Dr Ejike Oji, Chairman of the AAFP Management Committee, underscored the transformative potential of family planning as a tool for sustainable development. He highlighted its multifaceted benefits, including saving lives, promoting gender equity, and fostering economic growth. According to Oji, “$1 invested in contraceptive services saves $3 in maternal and newborn health costs by reducing unintended pregnancies.”
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Despite some progress, Nigeria’s Contraceptive Prevalence Rate (CPR) remains at 15 per cent, with an unmet need of 21 per cent. Dr Oji called for increased collaboration and innovation to meet the FP2030 targets.
Funmilola OlaOlorun, Co-Principal Investigator at Performance Monitoring for Action/Nigeria, emphasised the need for strict adherence to the national family planning blueprint to achieve a two per cent annual CPR increase. “We cannot do business as usual,” she stated, urging for more funding, dedication, and resource mobilisation.
Samuel Oyeniyi, Director at the Reproductive Health Department, acknowledged the slow but steady progress towards FP2030. He emphasised the importance of integrating family planning into broader health initiatives to bridge existing gaps.
The conference highlighted Nigeria’s renewed commitment, including a $4 million government investment in family planning and the integration of family planning services into the healthcare provision fund, ensuring access for marginalised groups.