Connect with us

News

Private Sector Urges Government for Support to Meet New N70,000 Minimum Wage

Published

on

Photo source: Google

Following the recent agreement between the Federal Government and organized labor on a new minimum wage of N70,000, the Organised Private Sector of Nigeria (OPSN) has raised concerns about its capacity to meet this financial obligation.

The workers’ union had initially accepted the increase based on President Tinubu’s assurance of government support to facilitate the transition for private sector employers.

The OPSN is now urging the Federal Government to promptly outline the specifics of the promised support to enable businesses to plan effectively. The private sector is currently grappling with substantial production costs and other financial pressures.

Mr. Adewale-Smatt Oyerinde, Director-General of the Nigeria Employers’ Consultative Association (NECA), voiced these concerns on behalf of the OPSN.

While acknowledging the government’s efforts in approving the new minimum wage, he emphasized the need for additional measures to alleviate the burden on businesses.

Advertisement

These measures include reversing recent increases in electricity tariffs, ensuring that the Central Bank of Nigeria (CBN) fulfills outstanding financial commitments to companies in the productive sector, imposing a moratorium on new taxes and levies for the next five years, and providing exemptions and subsidies for imported conversion kits.

Oyerinde stressed the importance of implementing reforms that will enhance the private sector’s capacity to absorb the new wage levels.

He noted that during discussions with the National Minimum Wage Committee, the OPSN had previously expressed concerns about meeting the earlier recommended minimum wage of N62,000.

This recommendation was made with the understanding that the government would take concrete steps to mitigate the existing economic challenges facing the private sector.

The NECA Director-General underscored that the ability of the private sector to comply with the new wage demands is a critical issue that needs addressing.

Advertisement

 

News

Tinubu Welcomes Ademola Adeleke and Davido to His Home in Lagos

Published

on

Photo source: Google

President Bola Ahmed Tinubu hosted Osun State Governor, Senator Ademola Adeleke, for a private meeting at his Lagos residence on Monday. The governor was joined by his older brother, prominent businessman Chief Adedeji Adeleke, and his son, the internationally popular Afrobeats star David Adeleke, better known as Davido.

The visit was confirmed by President Tinubu’s Special Assistant on Social Media, Dada Olusegun, who shared the news on X the following day. “President Bola Ahmed Tinubu met with Osun State Governor Ademola Adeleke, accompanied by Chief Adedeji Adeleke and Afrobeats superstar Davido, at his Lagos home,” Olusegun posted.

So far, no details have been shared about the purpose of the meeting, and neither the Presidency nor the Adeleke family has made an official statement. Photos from the gathering have appeared online, offering a rare glimpse into the private talks between the President and the Adeleke family.


 

Continue Reading

News

Omokri Urges Tinubu to Focus on Nigeria’s Progress not Peter Obi’s Negativity

Published

on

Photo source: Google

Former presidential aide Reno Omokri has shared his advice on how President Bola Tinubu should handle Peter Obi and the Obidient Movement. Omokri suggests that instead of engaging with their negativity, Tinubu’s government should focus on highlighting its achievements and ongoing projects to outshine the critics.

Writing on X, Omokri emphasized the visible progress happening across Nigeria, especially in Abuja and Lagos. He pointed to major infrastructure projects like the Lagos-Calabar Coastal Highway, which is being built simultaneously from both ends, as well as the reconstruction of the Ile-Ife to Sokoto-Badagry Expressway and the Enugu-Onitsha Expressway.

“There’s development happening everywhere,” Omokri said. “The government should use every platform—TV, radio, print, social media—to showcase these efforts.” He also took a swipe at Obi’s supporters, saying, “While they praise leaders like Traoré, who hasn’t even reached the level of a local council chairman in Lagos, they criticize Nigeria harshly. Just the Third Mainland Bridge alone is worth half of Burkina Faso’s GDP.”

Omokri concluded by suggesting that if Obidients have nothing positive to say about Nigeria, perhaps they should consider moving to Burkina Faso.


 

Advertisement
Continue Reading

News

Atiku says 2027 Election Will Show if Nigerians Approve Tinubu’s Leadership

Published

on

Photo source: Google

Former Vice President Atiku Abubakar has said the 2027 elections will be a clear judgment on President Bola Tinubu’s time in office, calling it a referendum on his leadership. Atiku’s media adviser, Paul Ibe, made this known on Monday while reacting to claims from the ruling APC, which accused Atiku of trying to rebuild the opposition for selfish reasons and to access public funds.

Ibe dismissed the accusations, saying Atiku’s mission is rooted in the hopes of everyday Nigerians who want a better future. “These people clearly weren’t ready to govern. All they do is play politics,” Ibe said. “They’ve worked hard, not to move Nigeria forward, but to stall any real progress. Their actions go against everything democracy stands for.”

He also criticized the Tinubu administration’s performance, pointing to a major road project where only 30 kilometres have been completed out of a planned 700 in two years. “They threw a party to celebrate just 4% of the project. Can you imagine? The money wasted on that celebration could’ve done more for the road itself,” he said.

Ibe went on to highlight the worsening conditions in Nigeria, noting the country now ranks as the poverty capital of the world and leads Africa in child malnutrition. He defended Atiku’s record, saying the former VP’s work is inspired by the people, not personal ambition.

“Atiku built his name and businesses long before 1999. He has created jobs, invested his own money in his political journey, and never relied on state funds,” he added. He urged the APC to focus on fixing the country rather than constantly watching Atiku, adding that in 2027, it will be Tinubu against the rest of the nation.

Advertisement

 

Continue Reading

Trending