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New Minimum Wage for Whole Nation – Akpabio

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President of the Senate, Sen. Godswill Akpabio, on Monday said the national minimum wage was for the whole nation.Akpabio made the remark during the signing ceremony of the Minimum Wage Act (Amendment) Bill into law by President Bola Tinubu at the State House.He said the new national minimum wage was for the Federal Government, states, local governments, the private sector and even individual employers.

“So, I think this is a great day for the workers in the country.
We are not only doubling the minimum wage, we have added something on top. Initially, it was N30,000, now it is N70,000.“Like I said, this is minimum, this is not maximum. Any employer that has a capacity can pay as much as you want.
But no Nigerian worker will offer services and be paid anything less than N70,000 from today.“That is the implication of this act. It applies all over the nation. And we are excited that this is happening at a time like this through President Bola Ahmed Tinubu; a man who cares for the Nigerian workers,” he said.He said the entirety of the National Assembly moved quickly and passed the bill in one day out of excitement.“We felt that this was not something we could delay. So, I think the workers are happy.“I want to use this opportunity to call on those who are attempting to foment trouble; that you have a right to protest. It is your fundamental right. It is there in the constitution.“But you don’t have a right to destabilise the country. The right to protest should not be turned into the right to unleash violence. It’s very clear that people who are behind this are very amorphous, very faceless,” said Akpabio.He said the current hardship experienced by Nigerians was not caused by the Tinubu administration, which was just one year old.“It is the outcome of years of insecurity. Many people could not go to farms for almost 10 years and know that and the President has risen to the occasion.“Every food item that is coming in now will come in without any restrictions; bring in food because Nigerians need to eat. And then at the same time, most things are coming in with a lot of waivers.“So, for me, I’m excited that yes, indeed, the government is doing what it should. And we the leaders in the National Assembly, we are touching our various constituencies,” he said.He appealed to the youth not to allow any group to mislead them politically noting that destruction of any property would cause Nigeria money.He said the bill to finance the new minimum wage had gone very far, and that he expected it to be signed into law by Wednesday.Prof. Julius Ihonvbere, who represented Alhaji Tajudeen Abbas, Speaker of the House of Representatives, said the signing into law of the minimum wage bill by the President showed that he cared about the Nigerian people.“So, I think this movement from N30,000 to N70,000 and reducing the negotiation from five to three years is a clear demonstration of a commitment to redirect, refocus and reposition Nigeria for greatness,” he said.Report says that President Tinubu had on July 18 increased the Federal Government’s offer on the national minimum wage from N62,000 to N70,000, with an assurance that it would be reviewed after three years, instead of five years.The President said the labour leaders challenged the thinking faculty of leadership, hence the government reviewed its position and approved a new N70,000 minimum wage. (NAN)

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Customs Intercept Contraband Worth N510.92m in Two Conths

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The Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV) of N510.92 million between July 15th and September 15th, 2024.The zone covers the six states in the South-South geopolitical zone and the five states in the Southeast geopolitical zone.

This is contained in a statement signed by Jerry Attah, Public Relations Officer, NCS, Zone C, and made available to journalists on Wednesday.
According to the statement, Comptroller Michael Ugbagu, NCS, Zone C, gave the statistics while showcasing the seized contraband to relevant regulatory agencies at the Government Warehouse in Edo.Ugbagu said that the zone also recovered the sum of N25.
57 million from demand notices raised based on some infractions noticed, making a cumulative sum of N536.49 million recorded within the months under review.“The DPV was derived from our seized goods, which include 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without an NAFDAC number.“1,015 sacks of dry donkey meat and skin, 75 jumbo bales of second-hand clothing, 463 cartons of foreign spaghetti, 269 pieces of used pneumatic tires, and 56 cartons of smuggled foreign tomato paste.“More worrisome is the interception of 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without NAFDAC registration numbers.”He noted that the cough syrup with codeine and tramadol without NAFDAC registration numbers, if not intercepted, could have had adverse effects on youths.He added that the items were mostly intercepted along the Ewu-Okada/Benin expressways based on credible intelligence. (NAN)

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APC Forum Decries Deplorable Condition of Federal Roads

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The Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in Nigeria. Alhaji Saleh Zazzaga, the North-Central Chairman of the forum, said this in an interaction with newsmen on Wednesday in Jos. Zazzaga described some of the federal roads as ”death traps”, particularly those within the north-central region.

He said that some of the deplorable roads in the region include Jos-Akwanga, Makurdi-Oturkpo-Otukpa, Makurdi-Ankpa, and Jos-Saminaka.
Other roads that needed urgent attention, he said, included Suleja-Minna, Ejule-Otukpa, Ganawuri-Manchok, Lokoja-Abuja, Lapai-Agaie-Bida, Birnin-Gwari-Bokani-Mokwa, Minna-Zungeru-Tegina-Kontagora.
”Currently, the north-central region has the most deplorable roads and highways in the country. ”These deplorable roads have brought severe hardship on the people and lost lives and property through preventable road traffic crashes. ”We call on President Bola Tinubu to intervene and ensure the rehabilitation of these roads because good roads are vital enablers of development,” he said. The chairman also called on governors of states within the region to reconstruct the dilapidated roads and seek refunds from the federal government. ”Though these are largely federal roads, they are located within states, and the beneficiaries are the people of these states. ”So we call on state governments to reconstruct these roads and seek refunds from the federal government,” he added. (NAN

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Yuan Strengthens 7. 087 Against Dollar

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.This is according to the China Foreign Exchange Trade System.In China’s spot foreigners exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)

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