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Kenneth Okonkwo Claims N30,000 Minimum Wage Was More Valuable Than Current N70,000

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Kenneth Okonkwo, the well-known Nollywood actor and politician, has argued that the previous minimum wage of N30,000 was more valuable than the current N70,000 benchmark.

Okonkwo expressed his views during an appearance on the ‘Mic On’ podcast, highlighting his concerns about the real value of wages in the face of significant economic changes.

Fire9ja reports that President Bola Ahmed Tinubu has recently approved a new minimum wage of N70,000 after reaching an agreement with labor unions.

According to Okonkwo, the value of the previous N30,000 minimum wage has depreciated compared to the new N70,000 wage.

He explained that when the N30,000 wage was in place, the exchange rate was approximately N500 to one US dollar.

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However, with the current exchange rate soaring to N1,500 to one dollar, the real value of the new N70,000 minimum wage has diminished considerably.

Okonkwo pointed out that while the former minimum wage translated to about $60 per month when the rate was N500 to a dollar, the current wage of N70,000 now equates to approximately $45 per month at the current exchange rate.

This stark difference demonstrates that despite the nominal increase in the minimum wage, its purchasing power has actually decreased due to inflation and currency devaluation.

Okonkwo questioned the effectiveness of the recent wage adjustment, suggesting that it fails to address the real economic challenges faced by workers.


 

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APC Governors Say They Support Tinubu for Second Term and Will Make Sure He Wins in 2027

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The Progressive Governors’ Forum has pledged full support to ensure President Bola Tinubu secures a second term in office. Speaking at the APC National Summit in Abuja, the forum’s chairman and Imo State Governor, Hope Uzodimma, urged his fellow governors to take firm control of politics in their states and work to secure victories for the party across all levels.

Uzodimma emphasized that a united and active effort by APC governors will pave the way for Tinubu’s re-election in 2027. He also acknowledged the public backing Tinubu has received from APC governors in the North, calling it a strong step toward solidifying the president’s position as the party’s next flag bearer.

According to him, APC governors must promote federal government policies and dominate their political spaces to ensure success in the next general elections. Uzodimma closed his remarks by formally calling on the summit to adopt the position of the Progressive Governors’ Forum in endorsing Tinubu for a second term and committing to deliver that mandate.


 

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Dangote Drops Petrol Price Again as New Rates Start Across Nigeria

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Dangote Petroleum Refinery has once again slashed the pump price of petrol across Nigeria, offering some relief to consumers. The new price now falls between N875 and N905 per litre, reflecting a N15 drop. This update was shared on the refinery’s official social media page on Thursday.

According to Dangote, the price cut affects major fuel distributors working with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy. With this change, Lagos residents will now buy petrol at N875 per litre. Those in the South-South and South-East regions will pay N905, while the South-West sees a new rate of N885.

In the North-West and central parts of the country, it’s N895, and the North-East will also pay N905. Dangote added that their petrol and diesel are not only high-quality but also designed to support engine efficiency and reduce environmental impact.


 

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JAMB To Release Results of Resit on Wednesday After Problems With First Exam

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JAMB has announced that it will release the results of over 379,000 candidates who sat for the rescheduled UTME this Wednesday. The resit, which ran from Friday to Monday, was organized following several reports of technical and human issues during the initial exam. These issues, which were especially noticeable in Lagos and the South-East, affected candidates’ performance and sparked nationwide concern about the exam’s fairness.

JAMB admitted to system failures and took responsibility. Last week, Registrar Prof. Ishaq Oloyede, while announcing the makeup exam, emotionally accepted blame and assured affected candidates they would get another chance. Out of the original 1.9 million candidates who sat for the UTME, more than 1.5 million scored below 200 marks, raising eyebrows about the exam’s credibility.

JAMB’s spokesperson, Fabian Benjamin, confirmed that the resit results would be made public on Wednesday. He noted that 379,997 candidates were affected—over 200,000 from Lagos and more than 170,000 from the South-East. According to the registrar, the issues were due to sabotage, and affected candidates were notified via text messages starting last Thursday.

So far, of the nearly two million results processed, only 0.24% of candidates scored 320 and above, while just 0.63% scored 300 and above. Around 3.76% scored between 250–299, 17.11% fell within the 200–249 range, and over half—50.29%—scored between 160–199. The rest scored below 160, with a very small number getting less than 100.


 

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