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Minimum Wage: Federal Government Agreed With NLC N30, 000

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6 years ago

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Eniola Olayemi

 

Workers earning more than N30, 000 – the likely new minimum wage – will have their pay renegotiated, the President said yesterday.

The new pay, it seems, will not be for all cadres of workers.

It is important to prepare the minds of those to be affected — that a windfall is not on the way — so as not to be caught unawares, President Muhammadu Buhari said.

The government will begin talks with the workers after the new minimum wage Bill must have been passed into a law.

The President spoke at the inauguration of the Technical Advisory Committee on the Implementation of a New National Minimum Wage.

The development came barely 24 hours after the government and Labour agreed that a New National Minimum Wage Bill will be sent to the National Assembly on or before January 23.

The unions are demanding N30, 000 for the least paid worker. But governors are willing to pay N22, 500 and the Federal Government is offering N24, 000.

The President named Bismarck Rewane as head of the panel, which he inaugurated at the Council Chamber, State House, Abuja, before the weekly Federal Executive Council (FEC) began.

Members of the committee have been drawn from the public and the private sector.

It has a month to complete its work and summit its report and recommendations. The members are: Federal Inland Revenue Service (FIRS) Chairman Babatunde Fowler, ex-FIRS boss Mrs. Ifueko Omoigui-Okauru, Dr Ayo Teriba and Prof. Akpan Ekpo.

Others include: Budget Office Director-General Ben Akabueze, who is the secretary of the committee, representative of the Nigeria Governors Forum (NGF); National Salaries, Incomes and Wages Commission Chairman Richard Egbule; Permanent Secretary, Service Welfare Office of the Head of Service of the Federation, Mrs. Didi Walson-Jack; Permanent Secretary, General Service Office, Office of the Secretary to the Government of the Federation (SGF), Olusegun Adekunle; Permanent Secretary, Ministry of Finance, Dr. Mahmoud Isa-Dutse; Permanent Secretary, Ministry of Budget and National Planning, Olajide Odewale; Permanent Secretary, Ministry of Labour Mrs. Ibukun Odusote, and Solicitor-General of the Federation and Permanent Secretary, Ministry of Justice, Mr. Dayo Apata.

The other members are: Special Adviser to the President on Economic Matters, Office of the Vice President, Dr. Adeyemi Dipeolu; Deputy Governor of the Central Bank of Nigeria, Economic Policy, Dr. Joseph Nnanna; Accountant-General of the Federation, Ahmed Idris; Director-General, Debt Management Officer, Ms. Patience Oniaga; Director-General, National Institute of Social and Economic Research, Dr. Folarin Gbadebo-Smith; Statistician-General, National Bureau of Statistics (NBS), Dr. Yemi Kale; Mrs. Aisha Hamad, Mamman Garba and Tunde Lawal.

Pointing out that the last time Nigeria’s national minimum wage was reviewed was in 2011, Buhari said that it was evident that a review was necessary, despite the prevailing fiscal challenges.

He said: “This is why I constituted the Tripartite Committee of government (federal and states), the Organised Private Sector (OPS) and Labour to consider the national minimum wage and make recommendations to the government for its upward review.

“That committee has since submitted its report with some recommendations. We are currently working on the final steps that will lead to the submission of a National Minimum Wage Amendment Bill to the National Assembly.

“I want to make it clear that there is no question about whether the National Minimum Wage will be reviewed upwards. I am committed to a review of the Minimum Wage.

“Also, it is important to explain that even though the subject of a national minimum wage is in the exclusive legislative list, we have been meeting with the state governors because it is imperative that the Federal Government carries the state governments along in determining any upward review of the minimum wage for workers.

“This is especially necessary considering the prevailing public sector revenue challenges, which have made it extremely difficult for some of the governments to pay workers as and when due.

“As you know, we, at the federal level, have made adequate provision for the increase in the minimum wage in our Budget 2019 proposals which we submitted to the National Assembly.

“Therefore, we will be able to meet the additional costs that will be incurred in moving up all personnel who are currently earning below the new minimum wage.

“However, we anticipate that after the new minimum wage has been passed into law, we will be going into negotiations for salary review for all the workers who are already earning above the new minimum wage. It is therefore important that we are properly prepared to meet these demands.

“We must therefore look at ways of implementing these consequential wage adjustments in a manner that does not have adverse effects on our national development plans, as laid out in the Economic Recovery and Growth Plan (ERGP). The ERGP sets appropriate targets for levels of capital expenditure, public debt, inflation and employment among others.

“It is absolutely important that the implementation of a new minimum wage does not adversely affect these targets, and thereby erode the envisaged gains for the workers.

“It is against this background that I have set up a Technical Committee to advise the government on how best to fund, in a sustained manner, the additional costs that will arise from the implementation of the consequential increases in salaries and allowances for workers currently earning above the new minimum wage.”

Buhari said the committee will be chaired by an economist and financial expert, Rewane, with other experienced economists and administrators from the private sector working with government officials.

The committee is to advise the government on how to successfully bring about a smooth implementation of impending wage increases and identify new revenue sources, and areas of existing expenditure from where some savings could be made in order to fund the wage increases without adversely impacting the nation’s development goals as set out in the ERGP.

It is also to “propose a work plan and modalities for the implementation of the salary increases, any other suggestions that will assist in the implementation of this, and future wage increases”.

“Given the urgency of this exercise, the Committee is expected to complete its deliberations and submit its report and recommendations within one month today.

“It is now my pleasure to formally inaugurate the Technical Advisory Committee on the Implementation of an Increase in the National Minimum Wage.”

President Buhari had during the budget proposal presentation promised a new minimum wage which, he said, will help maintain jobs for the teeming unemployed.

 

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Pernod Ricard’s CEO for Africa and Middle East Visits Nigeria, Reinforcing Market Commitment Amidst Dynamic Landscape

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1 day ago

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November 6, 2024

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Pernod Ricard’s CEO for Africa and Middle East Visits Nigeria, Reinforcing Market Commitment Amidst Dynamic Landscape

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Pernod Ricard, the world’s second-largest wine and spirits company, reaffirmed its dedication to Nigeria’s thriving market through a recent visit by Africa and Middle East CEO, Selcuk Tumay, accompanied by Chief Financial Officer Africa, Nevzat Akkiz, and Managing Director Africa, Sola Oke.

Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay (center), with Pernod Ricard Nigeria Management Team, MD, Pernod Ricard Africa and CFO, Pernod Ricard Africa and Middle East, Nevzat Akkız, during the recent visit of Selçuk Tümay to Pernod Ricard Nigeria.

The visit began with a business review at Pernod Ricard’s Lagos office, assessing regional performance and strategic planning.  A “Meet and Greet” session recognized local employees’ talents, fostering conviviality.

An immersion into the Nigeria’s vibrant retail landscape followed with an open market visit to Oke-Arin Market, guiding discussions on adapting marketing strategies. Retail partnerships were reinforced by visits to top stores, enhancing in-store experiences.  At night-time, On-trade visits showcased Pernod Ricard’s premium offerings.  The Key Distributors were not left out during the visits. These visits underscored collaborative relationships for a brighter future.

Selcuk Tumay stated, “Despite Nigeria’s complexities, especially foreign exchange volatility, we are optimistic. Adapting strategies will drive growth, support local partners and deliver exceptional consumer experiences.”

Exploring operational excellence: Pernod Ricard’s Africa and Middle East CEO, Selçuk Tümay, during a recent visit to Pernod Ricard Nigeria’s warehouse.

Building on success in Turkey and the Middle East, where innovative marketing and strategic partnerships fuelled double-digit growth, Pernod Ricard applies these learnings to Nigeria.

“We can leverage Turkey’s and the Middle East’s successes and best practices to navigate Nigeria’s challenges and unlock opportunities,” added Selcuk.

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SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive FeedbackSUNU Nigeria

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2 days ago

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November 5, 2024

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SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive FeedbackSUNU Nigeria –

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

SUNU Assurances Nigeria Plc, a leading insurance company and SUNU Health Nigeria Limited, a reputable health maintenance organization (HMO) in Nigeria, has received overwhelming positive feedback from beneficiaries of its recent free 3D mammogram-breast cancer screening initiative.

The program was launched to raise awareness about breast cancer and provide early detection services, was widely lauded by participants.As gathered, SUNU Nigeria remains committed to promoting preventive healthcare and empowering women.

Through the offering of free breast cancer screenings, the company aims to reduce the burden of breast cancer and improve the overall health and well-being of Nigerian women.

The initiative, which took place at DIAMED Centre, located at heart of Lekki, Lagos, attracted a large number of women from diverse backgrounds.

The screening process, which included mammograms and clinical breast examinations, was conducted by experienced medical professionals.Mrs Ajayi Funmilola, one of the 100 women who benefited from the screening exercise expressed her gratitude to the company.

“I’m so grateful to SUNU Nigeria for providing this free advanced mammogram screening. Of course, early detection is key, and this initiative has given me peace of mind.

Thank you for prioritizing women’s health”.Another beneficiary, Arogudade Feyisayo said, “The 3D mammogram screening offered by SUNU Nigeria was a game-changer.

It was a quick, painless, and thorough experience. I’m incredibly grateful for this opportunity to benefit from this initiative, I hope the company continue to be productive as they continue and increase the tempo in the future”.

“I’m incredibly happy to have had the opportunity to undergo a free 3D mammogram screening. It’s heartwarming to see a company like SUNU Nigeria prioritizing women’s health. May God continue to bless and prosper your organization,” commented Mrs. Olabisi Ajayi.

Commenting on the initiative, Mrs. Yusuf Japari, Head of Corporate Services at SUNU Assurances Nigeria Plc, highlighted the importance of corporate social responsibility, stating that the free mammogram screening is just one example of the company’s commitment to improving public health.

Mrs Yusuf stated, “At SUNU Nigeria, we believe in giving back to the community. By providing free 3D mammogram screenings, we’re not just offering healthcare; we’re empowering women to prioritize their health and well-being.

We are committed to continuing these initiatives to improve public health.”Dr. (Mrs.) Abiola Olorode, CEO of Diamed Centre stated that her facility is proud to partner with SUNU Nigeria to offer free breast cancer screenings during Breast Cancer Awareness Month. “By joining forces, we aim to promote early detection, educate women about breast cancer prevention, and ultimately save lives. We thank SUNU Nigeria for their commitment to improving public health and for sharing our vision of a healthier future.” SUNU Nigeria, encompassing SUNU Assurances and SUNU Health, is dedicated to improving as well as adding comfort to the lives of Nigerians.

SUNU Assurances offers reliable insurance coverage, while SUNU Health provides cost-effective healthcare solutions.

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Celebrate the Spirit of Christmas in Style This Season at Transcorp Hilton Abuja

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2 days ago

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November 5, 2024

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Celebrate the Spirit of Christmas in Style This Season at Transcorp Hilton Abuja

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

As December approaches, there is a buzz in the air, and people everywhere are starting to feel the magic of Christmas. Streets are filled with lights, homes are filled with vibrant decorations, and family plans for the holidays are well underway.

For those looking to truly immerse themselves in the festive spirit this year, Transcorp Hilton Abuja promises to be a holiday destination like no other, subtly transforming into a Christmas haven.

A Festive Transformation Like No Other

The Christmas season always brings with it a sense of warmth and celebration, and stepping into Transcorp Hilton Abuja this December will be like entering a world of Christmas magic. Visitors will be met with dazzling lights, shimmering ornaments, and beautifully crafted décor designed to spark joy and create a sense of wonder. The festive transformation at Transcorp Hilton Abuja is a nod to the holiday spirit, crafted to make guests feel like they’re part of something truly special.

Holiday Feasts with a Festive Twist

No Christmas experience is complete without a delicious spread, and Transcorp Hilton Abuja is ready to bring out the best of both traditional and contemporary festive flavours. This year’s holiday buffet will offer an array of treats, perfect for those who appreciate a hearty meal that captures the season’s spirit. The hotel’s talented chefs have worked tirelessly to prepare a Christmas dining experience that is both memorable and fitting for any holiday celebration.

Activities for Family & Friends to Enjoy Together

Christmas is a time for family, and the holiday lineup at Transcorp Hilton Abuja will include activities that bring everyone closer together. From cheerful carol singing to hands-on experiences like bead-making and festive games for kids, there’s something for everyone. With special appearances by Santa Claus, children can look forward to joyful surprises, making Transcorp Hilton Abuja a wonderful setting for families to make memories together.

Moments to Unwind in Holiday Comfort
For those looking to escape the holiday rush and unwind, Transcorp Hilton Abuja also offers spaces designed for pure relaxation. With accommodations overlooking Abuja’s skyline and a holiday-themed spa offering rejuvenating treatments, guests can relax and recharge before rejoining the celebrations. The tranquil atmosphere of the hotel provides the perfect balance to the holiday excitement.

Ring in the New Year with Elegance
As 2025 approaches, Transcorp Hilton Abuja invites everyone to ring in the new year in style with its New Year’s Eve Gala and New Year Countdown, making way for fresh starts and new memories.

Join the Celebration at Transcorp Hilton Abuja

This season, the warmth, joy, and traditions of Christmas come alive at Transcorp Hilton Abuja, a place ready to welcome all who wish to make this holiday season unforgettable. Whether you are looking for a festive family retreat, a romantic getaway, or a joyful celebration with friends, this is a destination crafted to capture the essence of Christmas.

This December, let the spirit of the season come alive—celebrate in the heart of Abuja, where every moment is filled with the magic of Christmax

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