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PenCom & NPAN Team Up to Enhance Media Pension Compliance

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The National Pension Commission (PenCom) says it will forge a strategic partnership with the Newspaper Proprietors Association of Nigeria (NPAN) to ensure compliance of pension remittance by managers of media organisations in Nigeria.

Director General of the National Pension Commission, Ms. Omolola Oloworaran, made the disclosure in Abuja when she led her management team on a courtesy visit to the President of the Newspaper Proprietors Association of Nigeria (NPAN), Malam Kabiru Yusuf, on Monday.

She said the purpose of the visit was to seek support for the compliance within the media sector to conform to the Pension Reform Act of 2014, which mandates that all employers must remit pension contributions for their employers on a monthly basis within seven days.

Accordingly, the DG highlighted that the mandate of PenCom is to enforce and ensure full compliance with the Act and as part of the drive for compliance, the commission has been having several meetings with employers across the country, while noting that many media houses are not remitting pension for their staff as employers currently owe over N700 million in pension remittance.

“A couple of weeks ago, we met with the Press Council as well to help us in this drive to ensure compliance with the Pension Reform Act.

What we do in PenCom is we try to engage employers and get all employers to be compliant with the Act by ensuring that everyone is contributing towards the financial security of their staff.

So, we are the watchdogs to enforce that. Unfortunately, it’s been a tall task particularly within the media sector.

“The findings are very troubling because based on the investigations we’ve done, the media houses are owing pension contributions to the tune of N720million.

That’s a whole lot. “It seems to me like a number of them don’t even bother to pay at all. And it’s striking because we hold the media in high esteem in society.

And like I said, the media helps to shape national discourse and we hope and assume that at least they will be leading in the case of contributing pensions for their workers,” she added.

She, however, commended Media Trust Group for being the sole media outfit that has been compliant with remitting staff pension into their Retirement Savings Account (RSA).

“I must first of all commend the Media Trust Group because they have essentially been leading by example in this area. You’ve been compliant since 2015.

She reiterated that the purpose of the visit was not focused on being punitive but to seek NPAN’s collaboration towards financial security of workers

In his response, the President of NPAN who also doubles as the Chairman Board of Directors of Media Trust Group, Malam Kabiru Yusuf, noted that newspaper houses are struggling to survive as many cannot pay salaries, let alone remit pension.

“The industry is in deep trouble. Maybe that is partly why this compliance is not happening. I do know for a fact that many newspapers cannot even pay their obligation to their staff,” he noted.T

o address the situation, He said “We have a super group called the Nigerian Press Organisation which is made up of the NPAN, the Nigerian Guild of Editors and the Nigerian Union of Journalists.

We work together sometimes. So, it is important to arrange a meeting with all these associations and chart a way forward,” he explained.

He proposed that the meeting be slated in August or September to interface with PenCom to find a lasting solution to pension remittance in the media industry.

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NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.

The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.

During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.

Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.

“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.

He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.

Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.

“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.

Watch video below:

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Sanusi: Critics Are Not Enemies Of The Govt

” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.

The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.

Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.

“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

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A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.

Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.

Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.

“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.

In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.

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