Tag Archives: Next Year

FG To Increase Salaries Next Year– Ngige

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The Minister of Labour and Employment, Senator Chris Ngige, has assured Nigerian workers of a pay rise next year.

Ngige stated this in Awka, the Anambra State capital, in an interactive session with journalists on Tuesday.

He said the various committees handling the minimum wage issue were working to arrive at something.

He said the minimum wage under Buhari would not be like any pay rise in the country.

The Minister said, “minimum wage is a constitutional issue and is in the exclusive list.

“The Nigerian workers are entitled to a review of their pay under the constitution of the Federal Republic of Nigeria.

“The various committees handling this matter are all working hard to realise the objective. Some are at the final stages of their work.”

He said the kind of minimum wage being worked out by the Buhari administration, would be enforceable by workers in both private and public sectors.

Ngige said that the new minimum wage would be couched in such a way that any employer of Labour in the country who would pay his workers below the minimum wage would be held liable.

Credit:

http://dailytimes.ng/fg-increase-salaries-next-year-ngige/

Fuel Subsidy To Go Next Year, FG To Sell Petrol At N97 Per Litre

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Following increased pressure on revenue and the expenditure profile, the Federal Government has finally yielded to domestic and international pressures to remove fuel subsidy.

This is coming as crude oil prices hit a seven-year low with global reference crude, West Texas Intermediate and Brent trading yesterday at $34.7 and $36.7 per barrel respectively, effectively disrupting Nigeria’s $38 per barrel benchmark for 2016 budget.

The crash has resulted into about N1.45 trillion shortfall in the value of the projected oil output in the international market based on production target increased in the 2016 plan to 2.2 million barrel per day (mbpd), up from actual 1.9 mbpd in 2015.

On official exchange rate of N198/ $1 upon which the revenue projection was based, the value of the total budgeted oil output is $35.14 billion or N6.95 trillion but with the latest price development, the output would now yield $27.8 billion or N5.5 trillion

Credit: Vanguard

IDPs Will Return To Their Homes Early Next Year– Buhari

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President Muhammadu Buhari declared yesterday in Abuja that the return of persons displaced by the Boko Haram insurgency to their home communities will begin early next year.

Speaking when he hosted a delegation from the International Rescue Committee (IRC) led by former British foreign minister, Mr David Miliband, President Buhari said that his administration would do all within its powers to facilitate the quick return and resettlement of over two million internally displaced persons (IDPs) in their towns and villages.

According to a statement issued by his senior special assistant, Media, Malam Garba Shehu, the president told Mr Miliband and his delegation that the federal government would welcome the support of the IRC and other local and international non-governmental organisations in the rehabilitation of IDPs.

“In 2016, the return of the IDPs will start in earnest. They will return to their communities to meet destroyed schools and other infrastructure which have to be rebuilt.

“With agriculture being moribund in the region in the last two years without cropping, hunger is already manifest. We will welcome all the help we can get to assist the returnees, “ President Buhari said.

Credit: Leadership

New PDP Chairman Emerges March 19 Next Year

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In an attempt to placate aggrieved members from the North-East who are kicking against the eligibility of the Acting National Chairman, Uche Secondus, to stay in office, the Peoples Democratic Party (PDP) National Working Committee (NWC) yesterday issued the  timetable for 2016 chapter congresses and national convention.

In a four-paragraph statement signed by the National Publicity Secretary, Olisa Metuh, the NWC fixed March 12, 2016 for state congresses, while zonal congresses would hold on March 16, 2016. According to the statement, the national convention to elect new national officers would hold on March 19.

The statement was, however, silent on whether the timetable was subject to the approval of the national executive committee.

But it was learnt that the NWC at the end of its meeting on Wednesday, arrived at the decision as part of measures to disabuse the minds of party faithful from the North-East, who are already kicking against Secondus from the South-South.

An aspirant for the office of national chairman and former Special Adviser to former President, Goodluck Jonathan, Alhaji Ahmed Gulak, had dragged the PDP and Secondus, before an Abuja High Court, over his (Secondus) continued stay in office, submitting that it was “a gross violation of the party’s constitution.”

Gulak, in the suit filed by his lawyer, J. S. Okutapa (SAN), said as a registered member from Madagali Local Government Area of Adamawa State, North-East zone, he was qualified for the position, which he alleged he was being denied.

He said Secondus, who was elected the Deputy National Chairman from Rivers State and who, upon Mu’azu’s voluntary resignation on May 29, 2015, assumed the position of Acting National Chairman, has continued to run the affairs of the party in gross violation of its constitution.

In his reaction, Gulak vowed to pursue the case against PDP and Secondus.

Credit: Sun