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June 4, 2024 Organised Labour Suspends Strike

Organised Labour Suspends Strike

The nationwide strike by Organised Labour has been put on hold for five days to facilitate uninterrupted discussions with the tripartite committee on the proposed new national minimum wage. This latest decision was revealed by a reliable source within the leadership of the labour union, who preferred to remain anonymous.

Previously, there were discussions about the minimum wage after Labour leaders engaged in talks with George Akume, the Secretary to the Government of the Federation (SGF), and other government officials on Monday night. Akume confirmed during the meeting that President Bola Tinubu’s administration is committed to implementing a minimum wage exceeding N60,000. He also assured that no worker would face repercussions for participating in the strike and that the tripartite committee would convene daily over the next week to finalize the details of the new minimum wage.

In light of the scheduled 10 a.m. meeting with the FG Tripartite Committee on Tuesday, Labour decided to temporarily suspend the strike. Consequently, all government and private offices are expected to resume normal operations.

This development represents a significant step forward in addressing the minimum wage issue, allowing the tripartite committee to work towards reaching a mutually acceptable National Minimum Wage without further disruptions.

June 4, 2024 Canada Announces Permanent Residency for Foreign Caregivers

Canada Announces Permanent Residency for Foreign Caregivers

Canada has unveiled plans for fresh caregiver pilot initiatives, providing foreign caregivers with permanent residency upon arrival. This move aims to ensure a smooth transition in vital caregiving support for Canadian families as the current Home Child Care Provider and Home Support Worker Pilots draw to a close. The announcement was made by Immigration, Refugees, and Citizenship Minister Marc Miller, emphasizing the government’s dedication to addressing the essential home care needs of children, seniors, and individuals with disabilities.

These novel programs aim to acknowledge foreign caregivers' indispensable role in Canadian households and facilitate their employment and integration into Canadian society. Minister Miller stated, "Caregivers play a crucial role in supporting Canadian families, and our programs must recognize their invaluable contributions." The IRCC plans to admit a minimum of 15,000 caregivers as permanent residents over the next two years as part of Canada's overall immigration targets.

This status permits them to work for organizations offering temporary or part-time care for semi-independent individuals or those recovering from illness or injury. It also grants them flexibility in securing suitable employment with reputable employers, along with a direct route to permanent residency, ensuring stability and integration. "This pathway means that caregivers can more easily find proper work with reliable employers and have clear, straightforward access to permanent-resident status as soon as they arrive in Canada," said the IRCC.

To qualify for the new programs, applicants must meet specific criteria, including achieving at least level 4 in the Canadian Language Benchmarks (CLB), holding a Canadian high school diploma or its equivalent, possessing relevant and recent work experience, and securing a full-time job offer in-home care.

Minister Miller confirmed that the pilot is anticipated to commence by the end of fall 2024 or, at the latest, in early 2025. Detailed information about the new pilot programs, including complete eligibility criteria and application processes, will be disclosed before the official launch.

June 4, 2024 NLC: ‘Strike to Continue Until Tuesday Review Meeting’

NLC: ‘Strike to Continue Until Tuesday Review Meeting’

The Nigeria Labour Congress (NLC) has announced that the nationwide strike, which began on Monday, will continue pending the outcome of a meeting with its organs scheduled for Tuesday.

"Until we hear from our organs at our meeting scheduled for today, 4th June, we are still on strike," the labour union posted on its X handle early Tuesday.

This statement came shortly after the Federal Government held a meeting with labour unions, including the Trade Union Congress (TUC), at the office of the Secretary to the Government of the Federation (SGF), to resolve the strike.

Despite thorough deliberations, the NLC stated that the federal government agreed to a minimum wage higher than N60,000. "As a result, the tripartite committee will meet daily for the next week to finalize an agreeable national minimum wage," the NLC's statement read.

The NLC confirmed it would be meeting with its organs today and assured that no worker would face repercussions due to the industrial action. The statement was signed by NLC President Joe Ajaero and TUC President Festus Osifo.

The strike has significantly disrupted operations across various sectors, including businesses, airports, schools, banks, and especially public institutions.

June 3, 2024 Heritage Bank: Reps Assure Depositors’ Funds Are Safe, Urges Calmness

Heritage Bank: Reps Assure Depositors’ Funds Are Safe, Urges Calmness

The House of Representatives has assured depositors of the safety of their funds and urged all depositors and stakeholders of Heritage Bank to remain calm, affirming that their interests are well protected. This follows the recent revocation of Heritage Bank's license by the Central Bank of Nigeria (CBN) and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as liquidators.

The House emphasized the importance of effective public communication from both the CBN and NDIC to alleviate public fears and maintain trust in Nigeria’s financial system during this period. House spokesperson Akin Rotimi, in a statement from Abuja, reiterated the priority to safeguard depositors' interests and ensure financial stability.

Rotimi stated, “The House of Representatives acknowledges the recent actions taken by the CBN and NDIC. We assure the public, particularly depositors and stakeholders of Heritage Bank, that we are committed to our oversight role to ensure this development does not adversely impact Nigerians. Relevant House Committees on Banking Regulations and Insurance will diligently examine the situation and the steps taken by the NDIC."

The statement further highlighted the House's commitment to engaging with CBN, NDIC, and other stakeholders to ensure a transparent and orderly resolution process. Chairman of the House Committee on Banking Regulations, Rep. Mohammed Bello El-Rufai, emphasized that the Committee will monitor the liquidation process to protect depositors' rights with transparency and accountability.

Additionally, Rep. Ahmed Usman Jaha, Chairman of the House Committee on Insurance and Actuarial Matters, assured that the NDIC would execute its mandate effectively to protect depositors’ funds and maintain confidence in the financial sector. He reiterated that under the NDIC Act and the Banks and Other Financial Institutions Act (BOFIA), depositors’ funds are insured and protected.

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