N30,000 minimum wage binding on all employers – FG – Newstrends
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N30,000 minimum wage binding on all employers – FG

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The N30,000 national minimum wage is binding on all employers of labour, including state governments and the private sector, the Federal Government has said.

President Muhammadu Buhari stated this on Saturday in Abuja during the Workers’ Day celebrations.

He spoke through Minister of Labour and Employment, Senator Chris Ngige, stressing that the minimum wage law signed in 2019 was a national law that everyone must obey.

Buhari said, “Private sector and state governors are bound by the laws, because we have workers as prescribed in that law. So, it is not a question of pick and choose. We moved the national minimum wage from N18, 000 per month to N30,000. It is an irreducible plus. Therefore, we expect them and the people in the private sector to comply.”

He also told the workers that the FG was against any attempt to remove the national minimum wage from the exclusive list, adding that the issue of pension minimum wage was backed by the constitution, and every employer was bound by it. The FG, he said, would pay all minimum wage arrears owed pensioners from 2019 to date.

“All pensioners in the federal civil service are to get their arrears paid beginning from May 1, 2021,” Buhari said.

He noted that although the negative effects of the COVID-19 pandemic were monumental, the government had tried to cushion the effects of the disease without reducing incomes.

This was made possible, he said, through the diversification of the economy, thus keeping the country afloat.

Buhari listed some of policies being executed by his administration to create jobs and empower the populace.

He said, “While awaiting the formalisation of our social protection network and people’s welfare, we have not and will not rest on our oars in combating the challenges of our time occasioned by COVID-19 pandemic.

“We have in our place some social-economic policies to alleviate poverty and ours include but not limited to the expansion of the Conditional Cash Transfers for the vulnerable poor from 2.6 million households (13 million persons) to 7.6 million households (32 million) and COVID-19 Rapid Response Register for urban poor, which now has 4.8 million households (20 million).”

The president said the government, through the Federal Ministry of Trade and Investment, was implementing the Entrepreneur Support Programme, Artisanal Support Fund, and Payroll Support Fund for small-scale businesses.

In a message jointly signed by the President of NLC, Ayuba Wabba, and President of TUC, Quadiri Olaleye, the leadership of organised labour lamented the poor conditions Nigerian workers had been subjected to.

They alleged countless violations of human, workers, workplace and trade union rights all over Nigeria in the last one year.

They said the situation was compounded by the health and socio-economic effects of the COVID-19 pandemic, which led to the loss of millions of jobs and subsequently pushed about 27 million Nigerians into poverty.

Wabba said this year’s May Day was dedicated to brave women and men, who paid the supreme price in the performance of their jobs, contracted the coronavirus, and suffered life-lasting complications as a result.

“We must say that our country has not made the desired progress in protecting workers and the Nigerian people from the impact of COVID-19, which has brought with it daunting challenges for Decent Work, Social Inclusion cum Protection and Distress on peoples’ welfare,” he stated.

Wabba added, “Despite the best efforts of government, organised labour, and private sector employers, millions of Nigerian workers have lost their jobs, their means of livelihood and have slipped into destitution, lack and misery. The weakness of our social protection system has aggravated the pain and frustration of our compatriots.”

Olaleye said labour was proffering alternative policy options to government to consider in order to save the country from the current difficult situation.

He said rather than help businesses to grow, agencies of government had been stifling the small-scale businesses through multiple taxation, leaving the economy and Nigerians strangulated and impoverished.

The TUC president said government should see the need for expansionist policies to restore the essential role of the state in the protection of essential public goods, notably health, education, jobs, and sound management of the petroleum and power sectors.

On the removal of petrol subsidy, Olaleye said organised labour was pushing for production cost and pricing method as against the existing import-parity model, which had bled Nigeria of humungous forex.

He urged the government to implement a three-year suspension of increase in gas price to help stabilise the cost of electricity tariff in the country.

“With the savings made, the cost of the electricity tariff could be reduced by N10.50 across the high price bands,” he said.

Representative of the Senate President, and Chairman, Senate Committee on Labour, Senator Godiya Akwashiki, said the National Assembly was always willing to partner the leadership of the workers in safeguarding the wellbeing of workers and ensuring industrial stability.

Secretary to the Government of the Federation, Boss Mustapha, commended Nigerian workers for standing with the FG during the challenging period of the outbreak of COVID-19.

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Finally, NERC unbundles TCN, creates new system operator

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Finally, NERC unbundles TCN, creates new system operator

The Nigerian Electricity Regulatory Commission (NERC) has set up the Nigerian Independent System Operator of Nigeria Limited (NISO) as it unbundles the Transmission Company of Nigeria (TCN).

The transmission leg of the power sector has over the years been seen as weakest link with obsolete equipment.

The unbundling announcement is contained in an Order dated April 30, 2023 and jointly signed by NERC chairman, Sanusi Garba, and vice chairman, Musiliu Oseni.

By this order, the TCN is expected to transfer all market and system operation functions to the new company.

The commission had previously issued transmission service provider (TSP) and system operations (SO) licences to the TCN, in accordance with the Electric Power Sector Reform Act.

The Electricity Act 2023, which came into effect on June 9, provided clearer guidelines for the incorporation and licensing of the independent system operator (ISO), as well as the transfer of assets and liabilities of TCN’s portion of the ISO.
In the circular, the commission ordered the Bureau of Public Enterprises (BPE) to incorporate, unfailingly on May 31, a private company limited by shares under the Companies and Allied Matters Act (CAMA), 2020.
NERC said the company is expected “to carry out the market and system operation functions stipulated in the Electricity Act and the terms and conditions of the system operation licence issued to the TCN.
“The name of the company shall, subject to availability at Corporate Affairs Commission, be the Nigerian Independent System Operator of Nigeria Limited (“NISO”),” NERC said.

Citing the object clause of the NISO’s memorandum of association (MOU) as provided in the Electricity Act, NERC said the company would “hold and manage all assets and liabilities pertaining to market and system operation on behalf of market participants and consumer groups or such stakeholders as the Commission may specify.”

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Naira depreciates again, trades at N1,402/$

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Naira depreciates again, trades at N1,402/$

The Nigerian currency, naira, on Thursday slightly depreciated at the official market, trading at N1,402.67 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N11.71

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This represents a 0.84 per cent loss when compared to the previous trading date on Tuesday April 30, when it exchanged at 1,390.96 to a dollar.

However, the total daily turnover increased to 232.84 million dollars on Thursday, up from 225.36 million dollars recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between 1,445.00 and N1,299.42 against the dollar.

Naira depreciates again, trades at N1,402/$

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Appeal court takes over NURTW case as NIC withdraws

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Appeal court takes over NURTW case as NIC withdraws

The National Industrial Court has withdrawn from a case involving Alhaji Najeem Usman Yasin, Board of Trustees chairman of the National Union of Road Transport Workers (NURTW), and Alhaji Tajudeen Ibikunle Baruwa’s ambition to return as president of the union over lack of jurisdiction.

The industrial court’s decision was made to avoid conflict with the Court of Appeal, where the matter is already being heard.

Before the NIC announced its decision to hands-off the case, the defendants’ counsel, Mr. O.I. Olorundare SAN, had informed the court that the matter is currently before the Court of Appeal, Abuja division, and that the industrial court could not continue to adjudicate on the same matter.

The counsel cited authorities to support his claim, adding that the National Industrial Court does not have concurrent jurisdiction with the Court of Appeal.

The presiding judge, O.O. Oyewunmi, struck out the case, stating that the Appeal Court had taken over the matter and that the Industrial Court must respect the hierarchy of courts.

Alhaji Yasin and six others took the case to the Appeal Court, challenging the decision of the industrial court recognising a delegates’ conference held on May 24, 2023, where Baruwa was proclaimed as President of the union for a second term in office.

With the latest NIC judgement, both parties will now proceed to defend their positions at the Court of Appeal and await the final judgement.

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