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November 29, 2024 Minimum Wage: Labour, States in Final Talks Ahead of Monday Strike

Minimum Wage: Labour, States in Final Talks Ahead of Monday Strike

With the Nigeria Labour Congress (NLC) threatening a nationwide strike starting Monday, December 1, the remaining states yet to implement the N70,000 minimum wage are making last-ditch efforts to avoid disruptions.

While 33 states and the Federal Capital Territory have complied with the 2024 National Minimum Wage Act, Katsina, Cross River, and Zamfara remain non-compliant. This comes after Imo State approved the new wage on Tuesday.

Several states have gone beyond the N70,000 baseline, with Lagos and Rivers offering the highest monthly pay of N85,000. Lagos further announced plans to raise workers' wages to N100,000 by the first quarter of 2025. Other notable approvals include:

  • N80,000: Akwa Ibom, Enugu, Oyo, and Niger
  • N77,000: Delta and Ogun
  • N75,000: Ebonyi, Osun, Benue, and Kebbi
  • N73,000: Ondo
  • N72,000: Kogi and Kaduna
  • N71,000: Kano and Gombe

Meanwhile, Abia, Adamawa, Anambra, Jigawa, Borno, Edo, Kwara, Nasarawa, Taraba, Ekiti, Bauchi, Yobe, Imo, Plateau, and the FCT have settled for N70,000.

Labour unions in Cross River, demanding immediate implementation of the N70,000 wage, commenced a two-day warning strike from midnight on November 24 to November 26. The action follows a failed meeting with state officials, where union leaders accused the government of delaying the wage review until January.

During the meeting on November 18, hosted by the state’s Head of Service, Innocent Eteng, labour leaders staged a walkout after accusing the government of using stalling tactics.

Governor Bassey Otu’s earlier announcement of a N40,000 minimum wage during the May 1 International Workers’ Day celebration had sparked outrage among state civil servants. Otu cited limited federal allocation and the state’s weak GDP as reasons for the reduced wage offer.

However, workers argue that other resource-constrained states like Edo and Lagos have implemented higher wages, raising expectations for a similar commitment from Cross River.

With the NLC’s strike looming, Katsina, Zamfara, and Cross River risk a shutdown of state activities from Monday if no resolution is reached. Labour leaders have maintained that only full implementation of the N70,000 wage will avert further action.

The upcoming days will be crucial as negotiations continue, with both workers and state governments seeking to prevent disruptions that could affect millions nationwide.

 

November 29, 2024 UBA Set to Launch Full Banking Operations in France

UBA Set to Launch Full Banking Operations in France

United Bank for Africa (UBA) has announced its entry into the French banking market, signing an agreement to commence full banking operations in France.

The milestone was achieved during President Bola Tinubu’s state visit to France, where UBA Group Chairman Tony Elumelu, alongside the French Finance Minister Antoine Armand, formalized the partnership. The signing, witnessed by President Tinubu and French President Emmanuel Macron, highlights France's support for UBA’s expansion into Europe.

Speaking at the ceremony, Elumelu expressed the significance of the move:
“This partnership reinforces our commitment to seamless international banking services for our customers, not just in the 11 Francophone African countries we serve, but across Africa as a whole, and for French and European clients engaging with the continent. Expanding into France is a natural progression, with Paris set to become our EU hub, joining London, New York, and Dubai as key pillars of our global network.”

With this development, UBA becomes one of Nigeria’s tier-1 banks with a banking presence in France, further solidifying its international footprint.

President Tinubu’s two-day state visit marks the first official trip by a Nigerian leader to France in over 20 years, aimed at strengthening economic and diplomatic ties. Macron welcomed Tinubu warmly, even using Nigerian Pidgin English to express his excitement.

“Na big honour for France to welcome you for dis state visit,” Macron shared on social media, underlining the cultural connection between the two leaders.

As UBA expands its operations, the bank’s move into France underscores its vision of connecting Africa to the world through innovative financial solutions.

 

November 29, 2024 Ndume Questions ‘Suspicious’ Rush to Pass Tax Reform Bills

Ndume Questions ‘Suspicious’ Rush to Pass Tax Reform Bills

Senator Ali Ndume has reaffirmed his opposition to the tax reform bills, questioning the urgency with which the Presidency and some lawmakers are pushing for their passage. Ndume’s comments come as the bills, which passed their second reading in the Senate on Thursday, continue to spark widespread debate since their introduction by President Bola Tinubu.

The National Economic Council (NEC) has also advised the President to withdraw the bills for more deliberation. However, President Tinubu has opted for the legislative process to continue.

Speaking on a monitored program, the senator representing Borno South reiterated his stance, urging the Presidency to heed the NEC's advice. "It’s not that I am suggesting we discard the bills entirely, but since the governors, the NEC, and various stakeholders have called for more consultations, it is wise to withdraw the bills, review them, and reintroduce them later. Why the rush? It raises serious suspicions," Ndume remarked.

To support his position, Ndume compared the current situation to the Petroleum Industry Bill (PIB), which he described as more critical than the tax bills. He pointed out that the PIB took several years of debate and consultation before its eventual passage. Ndume recalled that the PIB was first introduced during his time as a member of the House of Representatives but wasn’t passed until he had moved to the Senate years later.

The senator's call for a more cautious approach underscores growing concerns among lawmakers and stakeholders about the potential impact of the tax reforms. As the controversy unfolds, all eyes remain on the Presidency and the National Assembly to determine the next steps.

READ ALSO: Senate Approves Second Reading of Tinubu’s Tax Reform Bills

November 28, 2024 Finnish Court Schedules Simon Ekpa’s Trial for May 2025

Finnish Court Schedules Simon Ekpa’s Trial for May 2025

Pro-Biafran separatist leader Simon Ekpa is scheduled to stand trial in Finland by May 2025, according to Finnish authorities. Ekpa, who was arrested along with four others on charges of terrorism-related activities, is currently held at the Päijät-Häme District Court.

Mikko Laaksonen, Senior Detective Superintendent with Finland’s National Bureau of Investigation, confirmed the trial timeline, stating that the district court set the date for potential charges to be brought by May 2025. He also noted that both Ekpa and Finnish authorities could request a re-evaluation of the case within two weeks if necessary.

Ekpa, a Finnish citizen of Nigerian descent, faces multiple serious allegations, including incitement to violence, terrorism financing, and inciting public crimes with terrorist intent. Finnish authorities claim that Ekpa used social media platforms to incite violence in Nigeria’s South-East region, targeting civilians and security personnel. His actions are said to have contributed to economic losses exceeding ₦4 trillion due to enforced sit-at-home orders and increased insecurity.

The arrests are part of an ongoing investigation that has involved international cooperation. While specific details of cross-border efforts remain undisclosed, Ekpa’s arrest has drawn significant attention due to his influence over the unrest in Nigeria. Ekpa, who styles himself as the "Prime Minister" of the Biafra Republic Government-in-Exile, is notorious for advocating boycotts of Nigeria’s 2023 general elections, which led to violence and disruptions.

Finnish Central Criminal Police have linked Ekpa to coordinated attacks against civilians and security forces in Nigeria since 2021. Social media is believed to have played a central role in inciting violence and raising funds for his activities.

Ekpa’s arrest has been welcomed by Nigerian officials as a significant move toward curbing violence in the South-East. Nigeria’s Ministry of Foreign Affairs emphasized the importance of closely monitoring the legal proceedings in Finland, with spokesperson Kimiebi Ebienfa calling the arrest "a critical step in addressing IPOB’s activities and neutralizing the influence of transnational actors on our national security."

Senator Enyinnaya Abaribe, representing Abia South, also supported the arrest, asserting that it would send a message to those behind the violence instigated by Ekpa. He condemned Ekpa’s actions, stating, "He has only exploited the Biafran agitation to perpetrate crimes."

READ ALSO: Finnish Police Arrest Simon Ekpa on Terrorism Charges

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