News
NASS To Get New Minimum Wage Bill Soon, Tinubu Assures Nigerians
President Bola Tinubu has assured the Organised Labour that a an executive bill on the new national minimum wage for workers will soon be sent to the National Assembly for passage.
Tinubu made this known on Wednesday in his second Democracy Day speech on June 12, 2024.
“In this spirit, we have negotiated in good faith and with open arms with Organised Labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less,” the President said.
He said in the face of Labour’s national strike on June 3, 2024, none of the leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) were arrested or threatened.
“Instead, the labour leadership was invited to break bread and negotiate toward a good-faith resolution,” he said, adding that “reasoned discussion and principled compromise are hallmarks of democracy”.
‘Reforms Will Fix Hardship’
Tinubu also acknowledged the economic difficulties in the nation and empathised with Nigerians. He promised “necessary repairs required to fix the economy”.
“The reforms we have initiated are intended to create a stronger, better foundation for future growth. There is no doubt the reforms have occasioned hardship. Yet, they are necessary repairs required to fix the economy over the long run so that everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour,” he said.
Long Walk To New Wage
Talks for a new minimum wage for Nigerian workers have been on for a while. The Minimum Wage Act of 2019, which made ₦30,000 the minimum wage, expired in April 2024. The Act should be reviewed every five years to meet up with contemporary economic demands of workers.
President Tinubu in January set up a Tripartite Committee to negotiate a new minimum wage for workers. The committee comprise the Organised Labour, representatives of federal and state governments as well as the Organised Private Sector.
However, the committee members failed to reach an agreement on a new realistic minimum wage for workers, forcing labour to declare an indefinite industrial action on Monday, June 3, 2024. Businesses were paralysed as labour shut down airports, hospitals, national grid, banks, National Assembly and state assemblies’ complexes.
The labour unions said the current minimum wage of ₦30,000 can no longer cater to the wellbeing of an average Nigerian worker, saying government should offer workers something economically realistic in tandem with current inflationary pressures, attendant effects of the twin policies of petrol subsidy removal and unification of the forex windows of the current administration.
Labour “relaxed” its strike on June 4, 2024 following assurances from the President that he was committed to a wage above ₦60,000.
Both TUC and NLC leadership subsequently resumed talks with the representatives of the Federal Government, states, and the Organised Private Sector.
On Friday, June 7, 2024, the two sides (labour and the government) still failed to reach an agreement. While labour dropped again its demand from ₦494,000 to ₦250,000, the government added ₦2,000 to its initial ₦60,000 and offered workers ₦62,000.
Both sides submitted their reports to the President who is expected to make a decision and send an executive bill to the National Assembly to pass a new minimum wage bill to be signed into law by the President.
News
147 Lagos Structures to Face Impact From Coastal Highway
President Bola Tinubu says 147 structures in Lagos will be affected by the construction of a service lane along the Lagos-Calabar Coastal Highway.
Five of the structures are expected to face full demolition, while the remaining 142 will experience minimal impact.
Tinubu disclosed this Sunday at a stakeholder engagement in Lagos, where he also flagged off repairs of the Eko and Marine bridges and a flooded section of the Lagos-Ibadan Expressway.
Represented by Lagos Gov. Babajide Sanwo-Olu, the president assured affected property owners that they would receive compensation where necessary.
Tinubu said the stakeholder engagement was designed to secure public support and ensure the effective implementation of the projects.
He described the Eko Bridge as one of the oldest bridges built after Nigeria’s independence, while noting that the Marine Bridge provides an important link to Lagos seaports.
The president urged Lagos residents and other stakeholders to support infrastructure projects designed to improve transportation and economic activity.
The figure of 147 affected structures was presented by a representative of the AEC consortium during the engagement.
Some of the affected residents and stakeholders asked some questions on areas of compensation and impact.
Tinubu said the Federal Government remains open to constructive criticism but urged stakeholders to support projects that are properly executed.
He said the projects are intended to deliver infrastructure that will serve Lagos residents and Nigerians for generations.
News
Tinubu Flags Off Eko, Marine Bridge Repairs
President Bola Tinubu has flagged off repairs of the Eko and Marine bridges in Lagos, as part of Federal Government efforts to improve critical infrastructure and ease traffic along the Lagos corridor.
Tinubu, represented by Lagos Gov. Babajide Sanwo-Olu, spoke Sunday at a stakeholder engagement on the Lagos-Calabar Coastal Highway.
Sanwo-Olu said the president remains committed to infrastructure development, security and job creation under the Renewed Hope Agenda.
The governor also said more than 200 kilometers of the Lagos-Calabar Coastal Highway had been constructed across various sections within two years.
He said additional slip roads and improved drainage links to the Lagos Lagoon would be introduced to ease movement and reduce flooding.
Works Minister David Umahi, meanwhile, condemned the vandalism of public infrastructure, describing it as “devilish,” “wicked” and unacceptable.
Umahi urged Nigerians to protect government assets, warning that vandalism could undermine the benefits of major infrastructure projects.
His comments followed the recent vandalism of sections of the newly constructed Festac-Alakija Bridge. Lagos authorities have arrested 27 suspects over the incident.
Umahi also ordered a crackdown on unauthorized activities along the Lagos-Calabar Coastal Highway, directing officials to stop motorcycles, tricycles, hawkers and loitering on the route.
The minister also called for stronger security around strategic infrastructure.
The 750-kilometer, 10-lane Lagos-Calabar Coastal Highway is designed to connect Lagos with Cross River through seven coastal states, with the Federal Government expecting it to improve transportation and boost economic activity
News
ICPC: Adeyemi’s fake letter not from Presidency
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that Adeniyi Adeyemi Mathew was never appointed by the Federal Government and that the so-called Presidential Foreign Investment Promotion Council (PFIPC) was a fictitious entity.
Speaking at a press conference in Abuja on Saturday, ICPC Chairman Dr. Musa Adamu Aliyu, SAN, disclosed the findings of the agency’s 30-day probe ordered by President Bola Tinubu on 7 July 2026.
“Recall the President on 7th July, 2026 gave ICPC 30 days to investigate into the fake Presidential Foreign Investment Promotion Council and today is exactly 30 days. I have just submitted the interim report and briefed Mr. President accordingly,” Aliyu said.
He stated that the President, in the spirit of transparency and accountability, directed him to address the media for the benefit of Nigerians.
According to the interim report:
- Adeniyi Adeyemi Mathew was never appointed by the Federal Government or any authority of government.
- The PFIPC was never established by any law, executive order or other valid instrument of government.
- The appointment letter presented by Adeyemi was completely forged, along with similar documents used to sustain the illegal activities of the fake agency.
- The PFIPC cannibalised the former Presidential Economic Advisory Council (PEAC) and illegally appropriated offices and instruments of operation.
- False projection, false representation, widespread impersonation and a range of illegal activities were perpetrated by Adeyemi as the purported Director-General.
- Weaknesses in verification, inter-agency oversight and government processes were exploited by Adeyemi, with some level of negligence and connivance.
- No funds of the Federal Government were approved or disbursed to the fake PFIPC/PEAC.
Aliyu emphasised that no weaknesses were found in the systems of the State House or the Central Bank of Nigeria, describing their processes as above board. He specifically noted that the fake appointment letter did not originate from the Presidency.
The ICPC further discovered that Adeyemi created two additional fictitious government agencies — the FCT Investment Promotion Agency (FIFA) and the Foreign Investment Promotion Agency and Public Private Partnership (FIFA-PPP). To facilitate their creation, he forged legislative instruments styled as Enabling Acts, which were used to support the opening of bank accounts.
Among the recommendations in the interim report are that Adeyemi should be fully prosecuted, administrative sanctions should be imposed on public officers whose acts of omission and negligence facilitated the illegal operations, and institutional reforms should be implemented.
Aliyu disclosed that investigations are ongoing into all activities and bank accounts linked to the PFIPC, Adeyemi and his collaborators.
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