NEWS
Tinubu Gives Finance Minister 48 Hours To Present New Minimum Wage Template
President Bola Tinubu has instructed the Minister of Finance, Wale Edun, to present a new proposed minimum wage figure within 48 hours.
The directive came after a meeting with government representatives involved in the minimum wage negotiations with organized labour.
According to the Minister of Information and National Orientation, Mohammed Idris, President Tinubu wants the Minister of Finance to analyze the cost implications and provide an “affordable, sustainable, and realistic” figure for the new minimum wage.
The President has emphasised the need for a quick resolution to the ongoing minimum wage negotiations.
“All parties to the negotiation of the new minimum wage would work together with the organised labour to present a new minimum wage for Nigerians in one week.
“All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable sustainable and also realistic.”
Idris also disclosed that the President had given a marching order that all those who have negotiated on behalf of the Federal government and all those who are representatives of organised private sectors, the sub nationals to come together to have a new wage award that is affordable, sustainable and realistic for Nigerians
The minister said Tinubu is committed to accepting the resolutions of the tripartite committee on the new minimum wage.
“We were all there to look at all issues, and the president has directed the minister of finance to do the numbers and get back to him between today and tomorrow so that we can have figures ready for negotiation with labour. Let me say that the president is determined to go with what the committee has said, and he’s also looking at the welfare of Nigerians.
“The government is not an opponent of labour discussions or wage increases.”
The minister said the president directed that the committee should work together to give Nigerians an “affordable, sustainable, and realistic” minimum wage.
“All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable, sustainable, and also realistic,” he said.
Following the nationwide strike on Monday, the Secretary to the Government of the Federation, George Akume, called for an urgent meeting with labour leaders. As a result of the discussions, the Federal Government has announced its commitment to implementing a new minimum wage exceeding N60,000.
This decision comes after the crippling effects of the strike on economic activities across the country. The Federal Government has expressed its dedication to finding a sustainable solution that addresses the demands of the organized labour and ensures the well-being of Nigerian workers.
Strategic efforts to reignite the national economy, by stimulating the manufacturing sector have yielded collaboration between the federal government and the Manufacturers Association of Nigeria (MAN).
This was revealed in a statement put out on the verified X handle of the Senior Special Assistant to The President on Media & Communications, (Office of The Vice President), Stanley Nkwocha.
Biztellers reports that they would be hosting a three-day national manufacturing policy summit scheduled for July 2-4, 2024, at the Banquet Hall of the Presidential Villa, Abuja, under the theme “Rethinking Manufacturing,”
Nkwocha revealed that President Bola Ahmed Tinubu would grace the event as the Special Guest of Honour and would also declare the summit open.
Nkwocha stated, “The President will also reinstate the administration’s commitment to industrial growth and economic diversification.
“The Office of the Vice President, the Federal Ministry of Industry, Trade and Investment (FMITI), National Institute for Policy and Strategic Studies (NIPSS) and other partners will play key roles in the summit to bring together stakeholders from Ministries, Departments and Agencies (MDAs), multilateral partners, regional institutions, and industry leaders to forge a new path for Nigeria’s manufacturing sector.”
Nkwocha cited the Director-General of MAN, Segun Ajayi-Kadir, thus, “the Summit will focus on discussions on overcoming the binding constraints that limit the performance of the manufacturing sector, enhancing supply chain resilience, leveraging technology, and generally fostering a conducive business environment to drive the growth of the sector.”
An explosion struck the Zungeru Hydro Electricity Dam early Monday morning, causing multiple injuries among the workforce.
The dam, which has not yet been officially commissioned by the Federal Government, is the fourth hydroelectric project in the state, following Jebba, Kainji, and Shiroro dams.
The cause of the explosion has not been disclosed. Local sources confirmed that several workers were injured, with those most seriously hurt being transported to Minna, the state capital, for intensive medical care.
Among the injured was a Chinese national, seen being taken to Minna for further treatment.
While the total number of injured workers is not yet clear, it is reported to be significant.
Tragedy struck early Monday morning along the Kano-Zaria Expressway in Kano State, as a trailer accident at Dangwaro Flyover claimed the lives of at least 25 individuals.
The trailer, carrying around 90 passengers along with livestock, motorcycles, and bags of maize, was involved in the fatal crash.
This incident follows closely after another heartbreaking event last Friday, when a trailer collided with worshippers who had just finished their Juma’at prayers in Imawa town, Kura local government area, resulting in the deaths of 14 people.
The spokesperson of the Federal Road Safety Corps (FRSC), RS1.2, Kano State Sector Command, Abdullahi Labaran, disclosed in a statement to journalists on Monday that a tragic accident occurred at Dangwaro Flyover along the Kano-Zaria Road at approximately 0330hrs.
He said “At approximately 0330hrs, a fatal accident involving a trailer (IVECO) with registration number KMC 311 ZB occurred at Dangwaro Flyover along Kano-Zaria Road.
“The crash involved ninety (90), with devastating consequences: twenty-five (25) fatalities, fifty-three (53) injured individuals, and twelve (12) people rescued unhurt.
“Preliminary investigations suggest that the probable cause of the crash was due to over-speeding and loss of control by the driver of the trailer.”
Labaran added that during the rescue operation, which involved the collaboration of FRSC personnel, the Police, and other first responders, they recovered six motorcycles, 10 mobile phones, several animals such as rams and goats, bags of maize, and a total of N4,000 in cash.
All injured victims were swiftly transported to Murtala Specialist Hospital Kano for urgent medical care.
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