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NLC Agrees to N70,000 Minimum Wage After Fuel Price Rejection

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The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has shed light on why the organized labour eventually accepted the N70,000 minimum wage during negotiations at the Presidential Villa in Abuja.

Speaking on Arise TV’s Morning Show, Ajaero detailed the events that led to the acceptance of the new wage offer, explaining the complexities involved in the discussions with President Bola Tinubu and his administration.

During the meeting with President Tinubu, the organized labour had initially held firm on a demand for a N250,000 minimum wage, arguing that the growing cost of living necessitated such an increase.

However, the talks stalled when the states expressed their unwillingness to pay even N62,000 as a new minimum wage.

This deadlock led to the meeting with the president himself.

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Ajaero explained that President Tinubu sought to address not just the minimum wage issue but also the pricing of petroleum products, which had become a critical national concern since the removal of the fuel subsidy.

Tinubu suggested that in exchange for agreeing to an increase in fuel prices, he would raise the minimum wage to N250,000.

However, the labour leaders declined to engage in discussions about fuel price increases, stating that their mandate was strictly to negotiate wages, not fuel costs.

The president had also referenced the cost of fuel in neighboring West African countries, noting that many of them pay significantly more for petroleum products compared to Nigeria.

He proposed sending the labour leaders on a sponsored trip to these countries to see the pricing differences firsthand.

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However, the NLC turned down the offer, stating they were not interested in international comparisons when the issue at hand was about the welfare of Nigerian workers.

During the negotiations, Tinubu reportedly told Ajaero that he was the one “holding my hand from increasing further” the price of petroleum, implying that the government’s preferred approach was to align fuel prices with global rates after the subsidy removal.

Yet, the labour leaders insisted that their primary focus was the welfare of Nigerian workers and that they would not engage in any discussions that included raising fuel prices.

In the meantime, the labour representatives had earlier agreed on an alternative energy source, Compressed Natural Gas (CNG), with the government.

They negotiated with experts who estimated the cost of converting vehicles to CNG at N300,000 per vehicle.

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However, when this proposal was presented to government officials, the figure was rejected, and the officials claimed that the conversion would actually cost N800,000 per vehicle, a sum far higher than what the labour leaders had negotiated.

Despite these setbacks, the labour movement decided to accept the N70,000 minimum wage offer. Ajaero emphasized that this decision was reached after careful deliberation and consultation.

The NLC believed that while the N70,000 figure was far below their original demand, it was still a step forward in the ongoing fight for improved worker welfare in Nigeria.

When asked whether the NLC felt betrayed by President Tinubu over his stance on the petrol pump price, Ajaero explained the intricacies of the discussions, stating that the labour movement never agreed to any fuel price hikes.

He clarified that the focus of their talks had always been on minimum wage, and they stood firm on refusing to negotiate any further increases in fuel prices as part of the wage deal.

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Ajaero concluded by reaffirming the NLC’s commitment to protecting workers’ rights and ensuring that future negotiations with the government focus solely on improving the welfare of Nigeria’s workforce.

While the NLC ultimately accepted the N70,000 offer, the larger conversation surrounding the fuel subsidy, rising living costs, and government accountability remains an ongoing challenge for the labour movement.


 

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Naira Among Sub-Saharan Africa’s Weakest Currencies in 2024, Depreciates by 43%

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The Nigerian naira has been named one of the weakest currencies in Sub-Saharan Africa in 2024, depreciating by 43% year-to-date, according to the World Bank’s Africa’s Pulse report.

This decline is due to high demand for U.S. dollars, limited inflows, and slow forex disbursements from the central bank. Despite reforms, broader economic challenges, including low reserves and inflation, continue to weigh on the naira.

However, the currency saw some recovery on October 14, appreciating by 5.69%. The World Bank projects Nigeria’s economy will grow by 3.3% in 2024.


 

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Shehu Sani Accuses World Bank of Prolonging Nigeria’s Hardship

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Former Kaduna Central Senator Shehu Sani accused the World Bank on Wednesday of worsening the hardships faced by Nigerians. He claimed the organization plans for Nigeria’s struggles to continue for another 15 years before any relief is seen.

In a post on X, Sani wrote, “The World Bank wants hardship to last for 15 more years before we reach the promised land. But how many people will still be around to benefit? And how many African countries has the World Bank actually helped reach the promised land?” His remarks came after the World Bank reported that the Nigerian Naira was among the weakest currencies in sub-Saharan Africa by August 2024. The Naira, which declined by 43%, dropped alongside the Ethiopian Birr and South Sudanese Pound due to high dollar demand and low dollar inflow.


 

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Tragic Jigawa Tanker Explosion Claims 90 Lives With 50 Injured

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A tragic petrol tanker explosion in Majiya Town, Taura local government area of Jigawa State claimed the lives of at least 90 people on Tuesday night.

The devastating accident occurred near Khadija University when the driver of the tanker lost control around 11:30 p.m.

The vehicle, which had departed from Kano and was en route to Nguru in Yobe State, exploded shortly after the crash, engulfing the area in flames.

According to the police spokesperson in Jigawa, Mr. Shi’isu Adam, 50 individuals who sustained various injuries are currently receiving treatment at Ringim General Hospital.

Many of them are in critical condition, with some facing life-threatening burns.

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Mr. Adam revealed that the high number of casualties was largely due to the crowd that gathered around the site of the crash despite repeated warnings from authorities to avoid accident scenes involving fuel tankers.

He expressed concern over this persistent disregard for safety precautions, stating that it was the primary reason for the massive loss of life in this incident.

“We’ve consistently advised the public to stay away from such sites, but unfortunately, many people rushed to the scene, leading to these tragic deaths,” Mr. Adam said.

The scale of the disaster has left the community in shock. Families who lost loved ones are in deep mourning, while others anxiously await news about their hospitalized relatives.

In response to the large number of victims, local officials have scheduled a mass burial for Wednesday morning at 9 a.m., with families and community leaders expected to attend.

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The tanker explosion has raised concerns about the frequency of such accidents in Nigeria, particularly in rural areas where emergency response is slower and where residents often approach accident sites unaware of the dangers.

Safety experts have called for more public awareness campaigns and stricter enforcement of safety protocols to prevent future tragedies.

This heartbreaking event highlights not only the risks associated with fuel transportation but also the importance of educating the public on how to react in emergency situations.

The people of Jigawa are now left to pick up the pieces from this horrific event while hoping for the recovery of those still fighting for their lives in the hospital.


 

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