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Nigerian Workers Receive N70,000 New Minimum Wage

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Nigerian workers have confirmed receiving the Federal Government’s newly approved minimum wage of N70,000.

This development was made public by Benson Upah, spokesperson of the Nigeria Labour Congress (NLC), and Tommy Etim, Deputy President of the Trade Union Congress (TUC), in separate statements released on Thursday.

The announcement follows recent reports indicating that the Federal Government has begun the disbursement of the revised wage.

Upah expressed his satisfaction with the prompt implementation and urged other organizations across the country to adopt a similar approach.

He highlighted the importance of this step in ensuring that workers are adequately compensated for their contributions, stating, “We encourage other entities to follow this commendable example set by the Federal Government.”

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Echoing this sentiment, TUC’s Etim pointed out that a template for the consequential adjustments had already been provided by the Federal Government, leaving no excuse for any delay in the payment process.

He called on all parties to swiftly implement the new minimum wage structure, emphasizing that the time has come for all stakeholders to align with the new policy and begin payments without further delay.

Reports from various federal workers corroborate these statements.

A civil servant from the Office of the Head of Civil Service, who preferred to remain anonymous, confirmed receiving the new minimum wage payment for September 2024.

“I received an alert around 2 pm on Thursday. I am hopeful that the arrears will also be paid soon,” he revealed.

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Other federal employees have also reported receiving an additional N40,000 as part of the consequential adjustment to their previous salaries, reflecting the upward revision of the wage structure.

This development affects over 1.2 million workers under the Federal Government’s payroll, signaling a significant move towards improving the standard of living for public sector employees.

On Tuesday, the Chairman of the National Salaries, Incomes and Wages Commission, Ekpo Nta, confirmed that the government had approved the review of the Consolidated Public Service Salary Structure (CONPSS) in alignment with the Minimum Wage (Amendment) Act, 2024.

This adjustment came after President Bola Ahmed Tinubu’s approval of the N70,000 minimum wage on July 18, 2024.

The implementation of this new minimum wage represents a 100 percent increase from the previous N30,000 minimum wage established under the administration of former President Muhammadu Buhari.

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While this raise is a welcome development for many Nigerian workers, it coincides with rising costs of living, as the country faces severe economic challenges.

Recent data indicates that the headline and food inflation rates stood at 32.15 percent and 37.52 percent, respectively, as of August 2024.

The wage increase is a significant milestone in addressing the economic difficulties faced by many Nigerian workers, but it also underscores the broader economic challenges that need to be tackled.

As prices of goods and services continue to soar, the real impact of the wage hike on the purchasing power of the average worker remains a subject of concern.

Nonetheless, the swift implementation of the new wage policy by the Federal Government sets a precedent for other sectors to follow and provides a glimmer of hope for improved welfare for Nigerian workers.

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Kamala Harris Reaffirms Commitment to Border Security During U.S.-Mexico Visit

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Vice President Kamala Harris took to her X handle, formerly known as Twitter, to emphasize her commitment to border security and the fight against transnational crime.

Reflecting on her previous role as Attorney General of California, Harris highlighted her extensive experience in prosecuting criminal organizations involved in the trafficking of guns, drugs, and human beings.

She stressed the critical importance of safeguarding the nation’s borders to protect communities from these dangerous activities.

Harris shared details of her recent visit to the U.S.-Mexico border, where she engaged with Customs and Border Protection (CBP) officials to assess the ongoing efforts to enhance border security.

The Vice President praised the progress made in securing the border and commended the dedicated work of law enforcement personnel in addressing the influx of illegal fentanyl and other drugs that pose a significant threat to public health and safety.

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During her discussions with CBP officials, Harris focused on the measures being taken to disrupt the flow of illicit substances into the country.

She underscored the need for a comprehensive strategy that includes strengthening border infrastructure, increasing the use of advanced technology, and enhancing cooperation with international partners to dismantle the criminal networks responsible for trafficking.

Harris’s visit to the border comes as the Biden administration faces increasing pressure to address the challenges posed by illegal immigration and drug trafficking.

The Vice President reiterated her administration’s commitment to a multifaceted approach that not only targets criminal organizations but also addresses the root causes of migration and drug smuggling.

In her message, Harris conveyed a sense of urgency and determination, emphasizing that the security of the U.S. border is a top priority for the administration.

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She acknowledged the complexities of the issue but expressed confidence in the progress being made.

Harris also called for continued support and collaboration from lawmakers and communities to ensure the safety and security of the nation.

As the administration works to strengthen border security and combat the flow of illegal drugs, Harris’s visit serves as a reminder of her personal dedication to these issues and her ongoing efforts to protect American families from the dangers posed by transnational crime.


 

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Former Taraba Governor Darius Ishaku Arrested for N27bn Fraud

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Former Taraba State Governor Darius Ishaku has been arrested by the Economic and Financial Crimes Commission (EFCC) over alleged involvement in a N27 billion fraud. His arrest occurred early Friday at his Abuja residence, following a covert investigation into financial misconduct during his eight-year tenure, which ended in 2023.

Sources indicate Ishaku was detained after failing to provide satisfactory explanations for the financial irregularities. EFCC spokesperson Dele Oyewale confirmed the arrest but offered no further comments.

Reports suggest that at least 15 charges have been filed against Ishaku, and he is expected to be arraigned in court soon as the agency compiles evidence against him. His arrest coincides with ongoing investigations into former Kogi State Governor Yahaya Bello, who faces allegations of embezzling N80.2 billion.


 

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Petrol Landing Cost Drops to N981 Amid Global Price Decline

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The landing cost of petrol in Nigeria has decreased to N981 per litre, down from N1,130, largely due to falling global crude oil prices, with Brent crude trading at $71.41 per barrel. This change coincides with major oil marketers beginning to import petrol and the Dangote Petroleum Refinery increasing local production after years of dependence on imports.

Despite the reduction in landing costs, pump prices remain high, with ex-depot prices varying between N865 and N1,400 across different cities. The Nigerian National Petroleum Company (NNPC) has indicated that petrol from the Dangote refinery will be priced above N1,000 per litre in many northern states.

Ongoing negotiations between NNPC and Dangote reflect the market-driven nature of fuel prices, and there is optimism that costs may decrease further with the expected sale of crude oil starting on October 1, 2024.


 

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