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Work In Top Gear For Early Implementation of Minimum Wage – SGF

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Lukman Amusa

The Federal Government is working toward early implementation of new minimum wage which has caused a lot of controversies in recent times, Mr Boss Mustapha, the Secretary to the Government of the Federation (SGF) has said.

Mustapha made this known on Thursday in Abuja at the opening of a one-day symposium on the 25th anniversary of the National Salaries, Incomes and Wages Commission (NSIWC) which has “Overcoming the Challenges of Compensation and Productivity in Nigeria” as its theme.

Represented by Mr Olusegun Adekunle, the Permanent Secretary, General Services Office, Office of the SGF, the SGF said that the present administration was committed to the welfare of Nigerian workers.

He said “I wish to point out that the focus of the national minimum income wage is on government employees, this critical sector ought not to be left behind and nobody will be left behind.

“Such employees are also dominantly found in the informal sector and the small scale organisations.

“However, it is important to know that the revision of the minimum wage should be taken through due process and all key stakeholders carried along.”

Mustapha said that the pay relativity question could not be resolved without the development and implementation of a new job evaluation scheme.

He, therefore, urged the NSIWC to commence the process, adding that government had also observed that productivity needed to take the centre stage in wage determination.

He also urged the commission to leverage on the pilot schemes it was working on in collaboration with the National Productivity Centre to raise a production team in the public service.

The government scribe said that public office holders must bear in mind that remuneration packages for their various offices were appropriately spelt out in the law.

He added that it would be inappropriate for anyone to allow himself to be paid higher than what the law stipulates, noting that “any infraction reported by NSIWC in the course of carrying out its mandate shall be investigated and punished by the anti-graft agencies infuture.”

According to him, government is concerned about the spate of strikes in the country as it affects the economy over the last decade,
especially the public sector.

He called on labour unions to resist the urge to resort to work stoppages without exhausting alternatives and more peaceful
options for conflict resolution.

He said that the Federal Government remained committed to the stability and development of the economy and service delivery
to the public as stakeholders in the nation.

Mr Ayuba Wabba, the President, Nigeria Labour Congress (NLC) said that “in our system today, it is the political class that determines the wages of workers, while they the political class determines and collects what it wants, which is higher.

“There must be social justice in wage fixing, therefore, this issue is an issue that I think the wages commission needs to engage our political class and get this information to them.

“We have heard arguments where state governors say workers are a tiny minority, I do not know who is the tiny minority between the political class and the working class.

“The political class are the tiny minority because they cannot say that our workers, including the police, the armed forces, which without
them they cannot sleep with their eyes closed, are the minority.”

Wabba decried the situation where the nation had more than 25 salary structures for the same system “when what should rather be
operational was the principle of equal pay for equal productivity.

“Our compensation process should be a process that can stimulate productivity because the two work together. If a worker is not paid
and cannot take care of his or her family and pay school fees, can he or she be productive?”

“With better condition of service and compensation, I will be able to think well, work well and therefore the two must work together.”

Mr Bala Kaigama, the President of Trade Union Congress (TUC) said that the disparity in the salaries and income wages system was
engendered by the NSIWC and was not fair to core civil servants.

He said that it was of great concern to members of the union, adding that there were many salary structures in the public service.

According to him, of all the structures in existence, that which operates in the civil service is the lowest in terms of remuneration,
while other structures are high.

He noted that “it is, therefore, becoming extremely difficult to explain the reasons behind these differences in salary structure, which in most cases short-changed civil servants.

“Recently, the salaries of the police received an upward review and when you look at what is going on at the top echelon, compared to the top echelon in the civil service, the gap is just too wide.

“You may be surprised to know that in some agencies and parastatals of government, junior officers earn as much as N200,000 per month, while officers in the directorate level in core ministries that supervise these parastatals receive less than that.”

He said that the TUC had produced a memorandum on salary review for the core civil service and had submitted same to Federal Government for necessary action.

Kaigama said that the Joint National Public Service Negotiating Council was already involved in implementing the submissions of the memorandum, adding that there was need for the NSIWC to also be involved.

Mr Richard Egbule, the Chairman of NSIWC, said that the role of the commission was essential, as it was set up to examine, streamline and recommend salary scales applicable to each post in the public service.

He said that in the 25 years of its existence, the commission had contributed to adjustments on wages, salary allowances and pensions
in the country.

He, however, explained that many of the commission’s functions relating to income policy guidelines could not operate in today’s deregulated economic space.

This, he said, was because though the commission was established based on the recommendations of the Udoji Commission of 1974,
its enabling Act put an end to the Productivity, Prices and Incomes Board (PPIB) Act and transferred its responsibilities to the NSIWC.

“That is why when people talk about the absence of wage policy, they forget that any wage policy that allows non-wage incomes to
rove about without check, can be counter-productive,” he stressed.

 

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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