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I need more time to address grievances, I’m still new – Tinubu to organised labour
I need more time to address grievances, I’m still new – Tinubu to organised labour
President Bola Tinubu Wednesday appealed to the members of the organised labour to give him more time address their grievances and demands.
This was disclosed by the Speaker of the House of Representatives Mr Tajudeen Abbas while fielding questions from State House correspondents after he led principal officers of the House of Representatives to brief the President on the outcome of their meeting with the members of the National Association of Resident Doctors (NARD) over their nationwide industrial action.
The Speaker said President Tinubu appealed that he is new in office and needs time to evaluate the issues that are being raised by workers.
“What he said is that he’s just coming on board. We should ask them and beg them to please give him a little more time. The things that they mentioned, he is completely unaware of them, he is yet to be briefed about all those issues.
“But from what he heard from me, he also advised that we should channel some of those issues to the Chief of Staff to look at them one after the other. I believe the next coming days, some concerted actions will be taken,” he said.
He said the leadership of the House of Representatives invited officials of the NARD following threats to embark on strike.
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He said the lawmakers have succeeded in persuading the aggrieved medical personnel to shelve the planned strike.
“Sequel to the meeting we had with them, there were series of conditions that they gave, that we felt we need to share with the president.
“Yesterday’s visit was primarily to brief Mr President on our engagement with National Residents Doctors Association whom we got wind were planning to embark on strike.
“So, we invited them and we persuaded to withdraw that plan. Sequel to the meetings we had with them, there were series of conditions that they gave that we felt that we need to share with Mr President.
“And that is what brought me yesterday, to intimate him on what we have discussed and the agreements so far reached them and issues that they have raised that need his attention.
“And today’s visit, as you can see, we are together, the whole leadership of the House is here. Since our election, as leaders of 10th House of Representatives, we didn’t come formally to present them to Mr President.
“So, today, we requested for this audience primarily to bring and introduce them for him to get to know them and for them to get to know him. That’s just what we are here for,” he said.
Asked what the House of Representatives was doing to halt the August 2, 2023 planned strike by organised labour represented by the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUCN), the Speaker said: “In the same manner, same way, we will also invite them to come and sit so that we hear their grievances and then we follow the same pattern of engaging and persuading them to give us a little time so that we can be able to meet their expectations.”
Meanwhile, the President of Nigeria Labour Congress Mr Joe Ajaero said the congress would go ahead with the August 2, 2023 if the federal government fails to ameliorate the suffering of Nigerians occasioned by the removal of fuel subsidy.
The NLC President told State House correspondents after a meeting the Steering Committee on Palliatives led by the Special Adviser to the President on Energy, Olu Verheijen.
“The outcome is very brief. We met based on N520 increase and the committee that was set based on that and we agreed to work to realise the objectives that was set during the last moment.
“The two centers have made their position known and is before Nigerians, the TUC, the NLC, our position is known. And it’s public knowledge.
“Well, policies? I wouldn’t know, we are going ahead with the protest because we have to be emphatic on what we put in our communique, to say we’re commencing protests from August 2.”
Also speaking, President of the Trade Union Congress of Nigeria Mr Festus Osifo the organised labour was not satisfied with some of the issues raised at the meeting.
“We’ve had a meeting and the meeting majorly is to listen to the presentations that is coming from the Secretariat of the steering committee, so they have made presentation to us. We made our robust inputs into it.
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“Some of the things they presented we did not agree with them. So the areas we did not agree, we also made our imputes known because when you come to such meeting it is for government or its representatives to do a presentation. But it’s left for us to either agree or disagree.
“So during the meeting, we gave them sufficient feedback. And they also agreed to go and look at those feedbacks and get back to us on Friday,” he said.
Aldo speaking, the Special Adviser to the President on Energy Ms Olu Verheijen who spoke on behalf of the government said progress had been made in the discussion.
“We’ve agreed to continue to make progress. It was a very productive meeting. The focus was really around how we fasttrack a lot of the interventions that will bring relief, particularly around CNG, mass transportation, cleaner energy, transportation, and reduce the impact of the cost of transportation, the increased cost of transportation.
“So we’ve made good progress. And we’re going to continue to do so and so that we can start rolling out these opportunities and this relief and measures as quickly as possible.”
On why government is dragging its feet in rolling out palliatives, she said: “We have to get it right. It’s important that we do this well, and we keep our promises. So, it’s important that whatever is announced actually gets done. Because we don’t want to make big announcements that will continue to lose people’s trust.
“It’s important that we build trust, and that most of the announcements and the plans that we roll out are credible and impactful. President Bola Ahmed Tinubu is working assiduously to address all of these issues. And as quickly as he can.
“He’s very empathetic, he is concerned about it, as you’ve seen all of us working round the clock here to make sure that we are able to announce these measures as quickly as possible. It’s a whole package of issues that we’re rolling out as quickly as possible.”
I need more time to address grievances, I’m still new – Tinubu to organised labour
News
Currency in circulation now N4.8tn – CBN report
Currency in circulation now N4.8tn – CBN report
Currency in circulation has reached an all-time high of N4.8 trillion as of November 2024, recording over seven per cent increase from the previous month.
Also, currency outside banks grew significantly in the same month hitting an all-time high of N4.6 trillion from the N4.2 trillion in the month of October.
These figures were contained in the money and credit supply data from the Central Bank of Nigeria (CBN).
The currency in circulation is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses.
It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.
Similarly, currency outside a bank refers to cash held by individuals, businesses and other entities that is not stored in banks.
The currency outside the bank represents about 96 per cent of the currency in circulation.
Nigerians have in recent times been facing acute cash shortage with banks limiting daily withdrawal at Automated Teller Machines (ATMs) to N20,000 irrespective of the number of accounts held by an account owner.
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According to the latest data, the currency in circulation grew by seven per cent to reach 4,878,125.22 from 4,549,217.51 in October.
Currency in circulation has grown steadily in the outgoing year 2024 with over one trillion naira added to cash in circulation after starting the year with N3.65 trillion in January.
In February, the currency in circulation slightly increased to N3.69 trillion representing an increase of N43 billion or 1.18 per cent from the January figure.
March also saw an appreciable increase to N3.87 trillion while it further increased to N3.92 trillion in the following month of April.
The growth trajectory continued in May with the currency in circulation increasing slightly to N3.97 trillion, an increase of N42 billion or 1.07 per cent while it reached an all-time high of 4.04 trillion, an increase of 2.11 per cent from May.
The July figure also rose marginally with the currency in circulation settling for N4.05 trillion before growing to N4.14 trillion in August and N4.43 trillion in September and N4.5 trillion in October.
In the same vein, currency outside banks grew from N4.2 trillion in October to N4.6 trillion in November, showing increasing preference for other means of storing outside bank deposits.
Economist, Dr. Paul Alaje attributed the development to the expanding money supply, adding, “Money supply is expanding but this may not necessarily be in cash. As it is expanding, it will necessarily induce inflation. But you can’t blame the people. People must look for money. How much was bottled water last year, how much is it today? All of this will induce inflation. If you now ask, what is the cause of inflation? Is it money supply itself or a devaluation policy? It is a devaluation policy. Money supply is an offshoot. So the Central Bank is raising interest rates to actually reduce money supply but the more they try the more money supply expands.”
He stated that the floatation policy of the CBN has created inflation, adding, “It is like chasing one’s tail and I don’t know if you are going to catch it.”
Currency in circulation now N4.8tn – CBN report
News
Tinubu not telling Nigerians the truth, says Sule Lamido
Tinubu not telling Nigerians the truth, says Sule Lamido
President Bola Tinubu has been accused of not being forthright about the true state of Nigeria under his administration.
Former Jigawa State Governor and senior Peoples Democratic Party (PDP) member, Sule Lamido, made the accusation while speaking on the BBC Hausa programme Gane Mini Hanya.
Lamido criticized both Tinubu and former President Muhammadu Buhari for what he described as a lack of transparency in governance.
“Buhari’s and Tinubu’s governments are not being transparent with Nigerians unlike during the time when PDP was in power where everything was transparent and open to all Nigerians,” Lamido said.
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He accused the two administrations of relying on propaganda rather than providing citizens with accurate information.
Lamido also expressed concerns over President Tinubu’s recent loan requests, questioning the logic behind them. “If Nigerians are being told the truth then there is nothing wrong with that, but how would you budget N30tn, generate N50tn and then request loan when you have a surplus of N20tn,” he said, referencing last year’s budget.
He described the situation as “reckless” and “selfish,” adding, “This recklessness and clear-cut selfishness is not done anywhere in the world, but yet you find (some) Nigerians supporting it. Visit social media and see how APC is being criticised, being referred to as calamity, yet you find some protecting it.”
Tinubu not telling Nigerians the truth, says Sule Lamido
News
Nigeria Customs Service begins 2025 recruitment [How to apply]
Nigeria Customs Service begins 2025 recruitment [How to apply]
The Nigeria Customs Service (NCS) has announced the commencement of its recruitment exercise, assuring Nigerians that the process is entirely free and fair.
The agency has cautioned the public to be vigilant against scammers who may attempt to exploit unsuspecting applicants during the recruitment period.
Applications are invited for positions in the Superintendent, Inspector, and Customs Assistant cadres as part of the Service’s plan to recruit 3,927 officers in 2025.
This initiative is aimed at enhancing trade facilitation and supporting Nigeria’s economic recovery efforts.
“Our recruitment is entirely free and fair. At no stage do we charge fees. Anyone requesting payment is a scammer,” the agency emphasized, urging applicants to be wary of fraudulent schemes.
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The NCS outlined eligibility criteria, stating that applicants must be Nigerian citizens by birth, possess a valid National Identification Number (NIN), and have no criminal record or ongoing investigations.
Academic qualifications for the three cadres are as follows:
Superintendent Cadre: A university degree or Higher National Diploma (HND) along with an NYSC discharge or exemption certificate.
Inspectorate Cadre: A National Diploma (ND) or Nigeria Certificate in Education (NCE) from an accredited institution.
Customs Assistant Cadre: At least an O’Level certificate (WAEC or NECO).
In addition to these qualifications, the NCS stressed that all applicants must be physically and mentally fit, providing evidence of medical fitness from a recognized government hospital.
Nigeria Customs Service begins 2025 recruitment [How to apply]
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