Lack of Liquid Foreign Exchange Market is Reason Multinationals Are Leaving Nigeria — Edun

ABUJA – The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the government is working on the economic and investment climate to attract more multinationals into Nigeria. Edun, who was a guest on Channels Television’s Sunday Politics programme, said multinational companies exiting the country did not have liquid foreign exchange market. He said, “One of the major drawbacks, one of the major impediments for them (exiting multinationals) was they did not have a liquid foreign exchange market. “Now, we have a willing buyer, willing seller foreign exchange market. It is elevated, may be not at the levels we will like it to be but it is when you get inflation down that you can stabilise the exchange rate and even get it coming down similarly with the interest rate. That fight is on. It is an improved environment for them, for big investors as a whole.” He said recent executive orders signed by President Bola Tinubu has improved the investment climate for gas which Nigeria has in abundance. The minister said, “Companies will always come and …

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Living Wage Will Eradicate Corruption in Public Offices – Speaker Abbas

…as NASS intervenes, meets ministers, NLC, TUC on workers’ strike threats The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, Ph.D, has reiterated his position that the government could eradicate corruption in public offices by paying the workers a ‘living wage.’ Speaker Abbas, however, stated that the government cannot fix all the perennial issues concerning wages and salaries all at once. The Speaker made this known at a peace meeting convened by the leadership of the National Assembly between the Federal Government and the organised labour over a new minimum wage. President of the Senate, Senator Godswill Akpabio and Speaker of the House, Rt. Hon. Abbas Tajudeen, had resolved to intervene in the crisis, leading to the declaration of a nationwide strike by the Nigerian Labour Congress and the Trade Union Congress from Monday. Senate President Akpabio and Speaker Abbas, who disclosed their decision to jettison their two-day official assignment in Lagos State, led several principal officers and members of the chambers to the emergency meeting at the National Assembly Complex in Abuja on Sunday. In his opening …

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NLC Vows to Commence Strike Monday

….As Meeting Between Organised Labour and Leadership of National Assembly Yeilded No Positive Result By Chris Udochukwu ABUJA – The Nigeria Labour Congress, (NLC) and the Trade Union Congress, (TUC) has said there is going back on strike action on Monday This is coming as meeting between the leadership of the National Assembly and the organised labour on Sunday could not yield fruitful result. The NLC President Comrade Joe Ajaeto said, the National Assembly appealed to them to call off the strike but they are conditions attached to it. Senate President, Godswill Akpabio said, in the last four hours we have been appealing to the NLC and TUC that they should return to the negotiation table with the federal government. The Speaker added we agreed with the organised labour to go back for discussion table for amicable resolution.

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Soldiers Killing @ Checkpoint: How Abaribe Was Humiliated, Forced Out of SUV in Aba

Umuahia – The Senator representing Abia South Senatorial District, Senator Enyinnaya Abaribe, was humiliated and ordered out of his Land Cruiser bulletproof SUV by soldiers over the killing of five military personnel at Obikabia junction military checkpoint in Aba, Abia State on Thursday. According to report, trouble began when unknown gunmen, who the army identified as members of the outlawed Indigenous People of Biafra (IPOB), killed five soldiers at a military checkpoint at Obikabia junction on Thursday during the May 30 Biafra Day celebrations. In response to the incident, security forces deployed reinforcements and blocked roads in key areas of Aba North Local Government, extending into some villages in the Obingwa area. While Abaribe was on his way to attend a funeral ceremony in Obingwa, he encountered a military barricade at Itu Ngwa village, and his vehicle was stopped. His police security detail, Joe, attempted to explain to the soldiers, but they insisted that Abaribe must alight from his vehicle.He eventually got down from the bulletproof car and was delayed for some time before being allowed to proceed. According to …

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Nationwide Strike: Aviation Unions Vow To Shut Airports at 00:00hrs on Monday

By Chris Udochukwu ABUJA – Labour Unions operating in the nation’s aviation sector, on Sunday, vowed not to backdown on their decision to shut down airports across the country in compliance with the directive of the Nigerian Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC), beginning from Monday, June 3. Recall that the NLC and TUC had on Friday called for an indefinite nationwide strike over the failure of the federal government to conclude on the new national minimum wage and refusal to reverse the electricity tariffs hike. In a statement jointly signed by the National Union of Air Transport Employees (NUATE); Air Transport Services Senior Staff Association of Nigeria (ATSSAN); Association of Nigeria Aviation Professionals (ANAP), and National Association of Aircraft Pilots and Engineers (NAAPE), the unions said Nigerian local airports will be shut by 00:00hrs on Monday, June 3, 2024 while strike action at the international airports will commence on Tuesday, June 4, 2024. According to the statement signed by the general secretary of NUATE, Com. Abba Ocheme; deputy general secretary, ATSSSAN, Com. Frances Akinjole; …

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Strike: School owners urge labour unions, FG for peaceful resolution

LAGOS- The National Association of Proprietors of Private Schools (NAPPS) has urged Nigeria union bodies against strike action but resorts for peaceful resolution with the Federal Government. The National President of the Association, Mr Yomi Otubela made this plea in a statement made available to newsmen on Sunday in Lagos. Otubela said that the association identified with the struggles of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) to improve the living conditions of workers in affiliated organisations. “It is important that we prioritise the well-being of our nation and work towards a peaceful resolution that benefits the workers, the economy, and the overall social fabric of Nigeria. “Rather than resorting to industrial action, we encourage both the federal government and the unions to further engage in constructive dialogue, negotiation, and mediation to find a mutually acceptable solution. “NAPPS is willing to offer its support and expertise in facilitating the negotiation process to ensure a fair and sustainable resolution for all parties involved,” he said. Otubela added that their members were enjoined not to participate in the indefinite …

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AGF Says Labour Strike Illegal, Gives Reason

By Chris Udochukwu ABUJA – The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi SAN, has said that the strike declared by the organised labour is illegal to the extent that the declaration does not comply with Sections 41(1) and 42(1) of the Trade Disputes Act 2004 (as amended). He therefore condemned the call to industrial action, describing it as “premature, ineffectual, and illegal.” Fagbemi’s stern rebuke comes in response to the announcement made on May 31, 2024, by the leadership of the Nigerian Labour Congress and Trade Union Congress declaring an indefinite nationwide strike action from June 3, 2024. Highlighting the premature nature of the strike declaration, Fagbemi in a letter dated June 1 addressed to the leadership of the TUC, NLC emphasised that negotiations between the Federal Government and other stakeholders on determining a new national minimum wage had not reached a conclusive end. He underscored the importance of considering the interests and capacities of all employers, including the organised private sector, in setting a minimum wage that benefits the entire working population. Drawing …

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Student loan ‘ll curb undergraduates dropout– Minister

ABUJA- The Minister of State for Youth Development, Mr Ayodele Olawande, says that  the student loan scheme is for youths to access interest-free facility for their educational pursuits in  tertiary institutions. Olawande told the News Agency of Nigeria (NAN) on Sunday in Abuja that it was part of President Bola Tinubu’s “Renewed Hope Agenda” to carry the youths along. He said that with the scheme, undergraduates would no longer drop out of school because of financial difficulties. .”If the president said a child will not drop out of school because he or she is not able to pay school fees, I think that is a very big plus for the ministry.’’ Olawande advocated for enabling environment for young people to thrive and achieve their goals in life. According to him, the country has more than 60 per cent of young people; hence, with enabling environment much can be achieved. The minister said that the ministry was making critical decisions and suggestions while the president made sure they were put into action. Olawande said that the scheme had an agency and …

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FG/NLC Face Off: NASS Wades in to Avert Strike Action

By Chris Udochukwu ABUJA – The leadership of the National Assembly, has waded in to resolve the fece off between the organised labour and federal government to avert the looming strike that will further distort the ailing economy. The move by the NASS leadership was contained in a statement jointly signed by the Senate Spokesman, Senator Yemi Daramodu and his House of Reps counterpart, Rep. Akin Rotimi, Jr. made available to Precise Post on Sunday. The statement reads in full: The National Assembly acknowledges the announcement by Organised Labour, including the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), to commence an indefinite strike action from Monday, June 3, 2024, nationwide. The decision followed the deadlock between the Federal Government and the Labour Unions in agreeing on a new national minimum wage and reversal of the recent hike in electricity tariffs. As a responsive parliament, the leadership of the National Assembly, comprising the President of the Senate, H.E. Senator Godswill Akpabio, and Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, PhD, is taking proactive steps to mediate …

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Reps Panel Holds Public Hearing on Federal Agric Varsity, Ute-Okpu Bill, Others

By Chris Udochukwu ABUJA – Delta State is to get a federal university of agriculture as the House of Representatives Committee on Agricultural Colleges and Institutions holds a public hearing on some bills that seek to establish new institutions in the sector on Monday. The House had mandated the Committee, chaired by Hon. Akeem Adeniyi Adeyemi, to consider nine bills, which seek to establish new agricultural universities, colleges and institutes across the country. One of the bills is titled, ‘A Bill for an Act to Establish Federal University of Agriculture, Ute-Okpu, Delta State to Make Comprehensive Provisions for its Due Management and Administration; and for Related Matters.’ The Bill, sponsored by Hon. Philip Agbese, the Deputy Spokesman of the House, was first introduced on the floor of the House on July 13, 2023. It passed second reading on November 10, 2023 after it was unanimously adopted by members of the House at plenary. Hon. Agbese had during the debate on the Bill said, “Nations are returning to the farm to boost their economy. In our darling country, petroleum can no …

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‘New’ National Anthem is National Self-Debasement By Farooq A. Kperogi(Opinion)

Nothing in my adult life has made me more ashamed to be a Nigerian and more inclined to completely divest my emotions from Nigeria than the readoption of “Nigeria, We Hail Thee,” a colonially created national anthem whose first stanza drips wet with the spit of racist condescension, gender exclusion, and stodgy, ungainly archaisms. First, it’s inexcusable national self-humiliation to discard a home-made national anthem, irrespective of its defects, for one that was made by an imperialist whose influence we’re supposed to be independent of. That instantiates a phenomenon that social anthropologists call cultural cringe. First propounded by an Australian scholar by the name of Arthur Phillips in the 1950s to describe Australia’s complicated cultural relations with Britain and the US, cultural cringe is the deep-rooted inferiority complex that causes psychologically damaged, formerly colonized people to inferiorize and disdain their own country and its culture and to uncritically valorize cultures and countries that their low self-esteem persuades them to believe is superior to theirs. In previous columns, I have called this Nigeria’s national xenophilia, which I have defined as our …

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Couple appeals for support to raise quadruplets

ABUJA- A civil servant, Mr Ugochukwu Nwogute and his wife, Vivian have appealed to the First Lady, Sen. Oluremi Tinubu and well-meaning Nigerians for support in raising their quadruplets. The couple, who gave birth to the four babies in a private hospital in Kubwa, Abuja on May 21, made the appeal in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. Speaking with NAN in the hospital, Mrs Nwogute, said she got married in 2015 and had her first daughter on Nov. 5, 2016. “After years of waiting, I became pregnant in Sept. 2023 and was delivered of three boys and one girl through caesarean section at Vinca hospital, Arab Road, Kubwa, Abuja, on May 21. “When I was told I was going to have multiple babies, it was a mixed feeling for me. “Mixed feelings, because I was not expecting it, but was happy because we have waited for years after our first daughter. So, we were hoping on God and praying and God did more than we expected,’’ she said. She added that the …

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ECOWAS, UNHCR kickstart special programme for refugees in West Africa

PORT HARCOURT (SUNDIATA POST)- The Economic Community of West Africa States (ECOWAS) and the United Nations High Commission for Refugees (UNHCR) have introduced a special programme to enhance the welfare of refugees and displaced persons in the West Africa region. Prof. Fatou Sarr, the ECOWAS Commissioner for Human Development and Social Affairs, inaugurated the programme during the Ambassadors’ Retreat in Port Harcourt on Saturday. Sarr reiterated the importance of synergy in the protection and provision of welfare services for refugees and displaced persons in the region. “The focus of the retreat is to address the complex humanitarian needs arising from displacement within the region. “It aims to foster collaboration among stakeholders and to mobilise resources towards the protection and well-being of the affected populations. “The commission has provided nine million dollars in 2024 to support the plight of persons of concern in members states,” she said. Sarr highlighted the significant contributions of partners towards the success of various initiatives aimed at  protecting and ensuring the well-being displaced persons. The diplomat affirmed ECOWAS’ commitment to finding actionable solutions to issues of …

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Nigeria, We Hail Thee: What Is In A Name? (Opinion)

By Mike Ozekhome When on October 1, 1960, Nigeria gained her independence from British colonial tutelage, the Union Jack was lowered and replaced with Nigeria’s Green White Green Flag. A new National anthem, “Nigeria, we hail thee”, was introduced. The anthem with three stanzas was written by a Briton, Frances Berda, whilst Lilian Jean Williams composed the lyrics. This anthem was to last till 1978 when the then Head of State, General Olusegun Obasanjo, GCFR, caused it to be replaced with a new National anthem titled “Arise, O Compatriots”. Only 29th May, 2024, the President, Bola Ahmed Tinubu, assented to a bill, rather rapidly passed by the National Assembly (NASS), bringing back the old “Nigeria, we hail thee” anthem which has evoked so much passion and nostalgia. A wide spectrum of the society has criticised the President and the National Assembly for pursuing with such vigour, the replacement of the existing national anthem with the old one. Their argument is simply that, whether old or new, none of the National anthems has brought food to the tables of any Nigerian …

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39th Birthday: Kwara United Felicitate Speaker Kwara House of Assembly

James Samuel, Ilorin Kwara United Football Club have congratulated the Speaker of the Kwara State House of Assembly, Rt. Hon. Yakubu Danladi-Salihu on his 39th birthday. The club extols the Speaker for his support towards sports development, and for his patriotic leadership of the House in handling of legislative businesses, as well as all issues in the interests of the state. According to the release signed by the General Manager of the club, Bashir Badawiy, “On behalf of the management and entire staff, we wish to extend our warmest felicitations to the Speaker of the 10th Assembly, Rt. Hon. Yakubu Danladi Salihu, on the occasion of his birthday. “As you celebrate this special day, our prayers is may Almighty Allah grant you the strength, wisdom, and grace to continue serving the state with excellence. “We appreciate your contributions to the development of youth and sports, and especially, your support to Kwara United Football Club so far. “We at Kwara United wish you more fruitful years on earth in good health, wisdom and accomplishments. Kwara United joins other well wisher to …

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Champions League: Real Madrid Beat Borussia Dortmund 2-0 to win 15th title

ABUJA – Carvajal and Vinicius scored as Real Madrid beat Borussia Dortmund 2-0 to win the Champions League at Wembley Stadium, Saturday. Real Madrid won a record-extending 15th Champions League title with a 2-0 victory against Borussia Dortmund at Wembley, but the LaLiga champions were pushed to the limit by the Bundesliga side who went into the game as heavy underdogs. Second-half goals from Dani Carvajal, the full-back’s first Champions League goal since 2015, and a Vinícius Júnior strike on 83 minutes sealed Madrid’s win and clinched a fifth Champions League success for coach Carlo Ancelotti, furthering a record already held by the former AC Milan coach. But while Madrid emerged as European champions once again, Dortmund were unlucky not to pull off a huge upset in London, the scene of their 2013 final defeat against Bayern Munich. Edin Terzic’s team dominated the first-half, but Julian Brandt, Niclas Füllkrug and Karim Adeyemi all missed clear chances to open the scoring. Germany international Füllkrug went closest to breaking the deadlock when he hit the post on 24 minutes. Madrid struggled to …

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