NEWS
Unstable Naira Makes ₦1m Salary Worthless — NLC
The Nigeria Labour Congress (NLC) has warned that a monthly salary of ₦1 million has become practically worthless to Nigerian workers due to the continued instability of the naira and rising inflation.
NLC President, Joe Ajaero, made this known on Tuesday in Abuja during an interview with the News Agency of Nigeria (NAN), where he expressed concern over the declining purchasing power of workers across the country.
According to Ajaero, the focus of organised labour is not just on increasing wages, but on ensuring that the value of the naira is strong enough to sustain workers and their families.
SEE ALSO: May Day: NLC Plans Nationwide Protests Over Unpaid Minimum Wage
“Even if Nigerian workers earn ₦1 million, it will not be meaningful if the naira has no value,” he said. “What we need is a stable currency that can carry workers through the month.”
He lamented that the persistent rise in the cost of living has made it increasingly difficult for Nigerians to afford basic necessities, including food, transportation and housing.
The NLC boss noted that the ongoing discussions surrounding a new national minimum wage must follow due legal process and cannot be rushed.
“The minimum wage has not been negotiated yet. It is governed by law and tied to a review cycle. When the time comes, we will begin the process ahead of its expiration,” Ajaero explained.
He called on the federal government to take urgent steps to cushion the impact of inflation, stressing that current economic conditions have worsened the hardship faced by workers.
Ajaero also linked the growing economic pressure to rising fuel prices, which he said have significantly increased transportation costs and driven up food prices nationwide.
“We raised concerns when global factors began to affect local fuel prices, but unfortunately, the situation has not improved,” he said.
The labour leader further emphasised the need for Nigeria to build a resilient energy policy that can shield the country from external economic shocks.
“It is not ideal that developments in other parts of the world automatically translate into hardship for Nigerians. We must create systems that protect our economy,” he added.
On pension matters, Ajaero raised concerns about the emergence of multiple pension unions, warning that the development has created confusion within the system.
He disclosed that the NLC is engaging stakeholders to address the issue and ensure proper coordination, particularly in the areas of deductions and remittances.
Speaking ahead of the upcoming Workers’ Day celebration, Ajaero revealed that any protest actions would be limited to states that have not fully implemented the approved minimum wage.
“Any protest will not be nationwide. It will only take place in states that have failed to comply with the minimum wage implementation,” he clarified.
He, however, acknowledged that while many states have complied, some are yet to fully implement the policy, especially at the local government level and in the education sector.
He also pointed out issues with consequential salary adjustments, noting that some states are paying only the minimum wage without properly adjusting other salary structures.
“These are technical issues we must address. We will assess compliance levels before May Day,” he said.
Ajaero reaffirmed the commitment of the NLC to continue advocating for policies that will improve workers’ welfare and ensure economic stability.
He also commended the federal government for reviewing peculiar allowances and approving a 100 per cent duty tour allowance for civil servants, expressing hope that the measures will be effectively implemented.
NEWS
‘Celebrate This Poor Man’ – Shettima Defends Tinubu Over Economic Crisis
Vice President Kashim Shettima has urged Nigerians to celebrate President Bola Tinubu, saying his leadership saved the country from a potential implosion.
Shettima said Nigeria’s economy had been teetering on the edge of collapse before Tinubu’s intervention, adding that the country could have faced a different situation.
“The economy was teetering on the edge of collapse, we were on a cliff edge,” the Vice President said.
ALSO READ: Subsidy Removal, FX Reforms Driving Fresh Oil Sector Investment – Shettima
“So he literally saved the nation from an implosion. That could have been the scenario. So, instead of demonizing him, Nigerians ought to celebrate this poor man.”
Shettima also called for a return to the drawing board, expressing confidence in the leadership’s commitment and the prospects for the 2027 elections.
“I believe on the bottom of my heart that with this presentation I have seen, and with the commitment of our leadership, by the grace of God, we are going to win,” he said.
Speaking about the 2027 elections, the Vice President reminded his audience that social media platforms should not be mistaken for actual polling stations.
“There are no polling stations on Facebook or Instagram,” he said.
Shettima also expressed gratitude for the efforts made towards promoting the cause of the 2027 elections.
NEWS
FG Withdraws Charges Against ‘Fake Agency’ DG, Adeniyi Adeyemi
Following observed mis-steps, the Federal Government of Nigeria has withdrawn the eight-count criminal charge brought against the alleged fake Director General (DG) of the Presidential Foreign Intervention Promotion Council (PFIPC), Adeniyi Adeyemi.
Biztellers reports that the matter, in accordance with the counsel of the Attorney General of the Federation (AGF) and Minister of Justice, Prince Lateef Olasunkanmi Fagbemi, (SAN), the matter will be filed at the High Court of the Federal Capital Territory (FCT), instead of the Federal High Court (FHC).
Consequently, upon an unopposed application for termination by the prosecution counsel and Director of the Public Prosecution of the Federation (DPPF), Rotimi Oyedepo (SAN), on Monday, Justice Mohammed Umar of a Federal High Court, Abuja on Monday, struck out the matter.
READ ALSO: Shell Identifies Keys to Nigeria’s Energy Future
In a motion for the termination of the charges, Oyedepo informed the court that the Attorney General of the Federation (AGF) and Minister of Justice has carried out a review of the case file of Adeyemi and the charge filed by the Inspector General of Police (IGP) and found some loopholes.
The DPPF added that the documents allegedly forged by Adeyemi during his operations of the fake agency are those that can be prosecuted by the High Court of the Federal Capital Territory (FCT).
He also informed the court that a new charge has been filed at the High Court of the FCT and that Adeyemi would be expeditiously arraigned afresh.
He therefore urged the judge to strike out the charge as required by law.
Following no objections from Ibrahim Angulu (SAN), who stood in for Adeyemi, Justice Umar subsequently terminated the charge.
Adeniyi, 38, was being tried alongside two others whose whereabouts are unknown, on charges bordering on conspiracy and forgery.
The two others said to be at large were identified as Femi (surname unknown) and Anu (surname unknown).
The charge marked: FHC/ABJ/CR/25/2025, was entered against the defendant by the DPPF.
NEWS
Shell Identifies Keys to Nigeria’s Energy Future
To secure a bright energy for her teeming population, Nigeria must sustain the momentum of reform, accelerate investment, and deepen partnerships.
This view was expressed by Managing Director, Shell Nigeria Exploration and Production Company of Nigeria Limited (SNEPCo) Ronald Adams in Lagos at the weekend.
Delivering a keynote address at the Africa Energy Conference (AEC) of the Lagos Business School (LBS), Adams called for regulatory certainty through efficient execution of reforms, sustained investment appeal to enable projects to move more swiftly from opportunity to production and partnership by operators, regulators, NNPC Limited and communities to unlock the full value of Nigeria’s resources.
Adams cited Nigeria’s huge oil and gas resources as an advantage but pointed out: “Resources alone do not guarantee prosperity. Prosperity comes when resources are matched with investment, technology, sound policy and disciplined execution. Success will be determined not by the size of our resources, but by our ability to convert them into investment and economic growth.”
Adams pledged the support of Shell towards a bright energy future of Nigerians. He said: “For more than six decades, Shell has been part of Nigeria’s energy journey. Together with our partners, we have helped develop major energy infrastructure, supported Nigerian businesses, invested in talent, and contributed to economic development. Bonga remains a powerful example of what technology, partnership and Nigerian capability can achieve in deepwater operations. Today, that story continues through Bonga North.”
READ ALSO: ADF Targets 5 Million Students, 2 Million Vulnerable Women
Issuing a clarion call for action by all stakeholders, he added: “The world is not standing still. Capital is moving, technology is advancing and competition is intensifying. The countries that attract investment tomorrow are those that improve competitiveness today. Nigeria has begun that journey. Our task is to sustain the momentum and translate reform into projects, projects into growth, and growth into shared prosperity.”
The conference, the 4th in the series had at its theme; “Securing Nigeria’s Energy Future: Policy Reform, Capital Mobilisation, and Pathways to a Sustainable Power and Energy Market” and was attended by top government officials, industry captains, energy professionals, and students.
Lagos State Deputy Governor Obafemi Hamzat represented Lagos State Governor Babajide Sanwo-Olu as the guest of honour. SNEPCo was a principal sponsor of the Africa Energy Conference (AEC) and mounted a well-received exhibition on its deepwater operations and social investments across Nigeria.





