Blog - Abia ThinkTank News

Jun

2024

Minimum Wage: FG Warns Of Mass Sacking As Labour Disowns Agreement

Columns/Opinions/Letters, FGN, Labour, News Flash

Minimum wage: FG warns of mass sacking as Labour disowns agreement The Federal Government on Wednesday admonished organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage. The Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by labour could undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of Nigerians. However, the labour unions refuted President Bola Tinubu’s claims during his Democracy Day broadcast on Wednesday that an agreement had been reached on the new national…

Jun

2024

0 Comments

By Abia ThinkTank

Minimum Wage: I’ll Approve What Nigeria Can Afford – President Tinubu

Economy, Labour, News Flash

Minimum wage: I’ll approve what Nigeria can afford – Tinubu President Bola Tinubu has said that he would approve a new minimum wage that the government can afford. The President said this on Wednesday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja. Tinubu thanked those who stood by him over the years, promising Nigerians that he won’t depart from the tenets of democratic governance. “I have to celebrate with you my dear brother, Senate President, Deputy Senate President,” he said, adding that Senate President Godswill Akpabio and his deputy, Jibrin Barau would soon get an…

Jun

2024

0 Comments

By Abia ThinkTank

Nigeria Is Poor, Elected Officials Should Earn Minimum Wage – Soludo

Columns/Opinions/Letters, Economy, News Flash

Nigeria Is Poor, Elected Officials Should Earn Minimum Wage – Soludo Governor of Anambra state, Charles Soludo has called for elected officials to start earning minimum wage, highlighting the urgent financial crisis facing Nigeria. Speaking on Wednesday at a special edition of The Platform, an event organized by The Covenant Nation to promote national development, Soludo emphasised that Nigeria is financially strained. The event coincided with the celebration of Nigeria’s 25 years of uninterrupted democracy. Soludo pointed out that Nigeria’s economic woes are exacerbated by the extravagant lifestyles of government officials, which are sustained at the expense of the nation’s…

Jun

2024

0 Comments

By Abia ThinkTank

There’s Hunger, New Anthem Not Priority – Makinde

Economy, News Flash, People Reorientation

There’s Hunger, New Anthem Not Priority – Makinde Amidst the growing economic challenges facing Nigeria, Governor Seyi Makinde of Oyo State has decried the Federal Government’s recent re-introduction of old national anthem, calling for a shift in priorities towards addressing pressing issues such as hunger and poverty. Makinde, who blasted the decision yesterday as “a waste of time and resources,” stated that “the return of old national anthem shouldn’t be our priority when so many Nigerians are suffering.” Makinde maintained that the country must prioritise economic development, saying there could not be production without mobilisation. According to the governor, the…

Jun

2024

0 Comments

By Abia ThinkTank

N80bn Fraud: EFCC Accuses Colleagues, Others Of Shielding Yahaya Bello

Crime, News Flash, Politics

N80bn fraud: EFCC accuses colleagues, others of shielding Yahaya Bello The Economic and Financial Crimes Commission, on Wednesday, said ex-Kogi State governor, Yahaya Bello, who is accused of N80.2bn fraud, had ridiculed the Nigerian justice system by failing to present himself for trial in court. The EFCC acting Zonal Director, Benin Zonal Command, Mr Effa Okim, stated this during a familiarisation visit to the Delta State Council of the Nigeria Union of Journalists in Asaba, Delta State capital. The EFCC is having a running legal battle with Bello over alleged N80.2bn fraud. Following a failed attempt to arrest him and…

Jun

2024

0 Comments

By Abia ThinkTank

Don’t Approve ‘Unsustainable’ Minimum Wage – Soludo Warns Tinubu

FGN, Labour, News Flash

Don’t Approved ‘Unsustainable’ Minimum Wage – Soludo Warns Tinubu Governor Chukwuma Soludo of Anambra state has warned President Bola Tinubu against approving “unsustainable” minimum wage for workers in the country. Speaking on Wednesday at a special edition of The Platform, an event organized by The Covenant Nation to promote national development, Soludo delved into the complexities of the minimum wage debate and its broader economic implications. The former Governor of the Central Bank of Nigeria (CBN) warned that not all state governments and the Organised Private Sector can pay the ₦62,000 being proposed by the Federal Government and the ₦250,000…

Jun

2024

0 Comments

By Abia ThinkTank

400-Level University Student Fakes Kidnap, Demands N50Million Ransom From Parent

Crime, Education, News Flash

400-Level University Student Fakes Own Kidnap, Demands N50Million Ransom From Parent The Delta State Police Command has arrested one Nelson Eserada, a 400-level student of Banking & Finance of the Delta State University, Abraka for arranging his own abduction. The suspect had demanded a ransom of fifty million naira (N50,000,000) in bitcoin, according to the police. The spokesperson for the Delta State Police Command, Bright Edafe made this known in a statement on Thursday, noting that the suspect’s father had already paid a sum of N5 million through a bitcoin account belonging to his son’s accomplice, Jerry Lawrence. Edafe said…

Jun

2024

0 Comments

By Abia ThinkTank

Federal High Court Declares Jurisdiction For Dethroned Emir Ado Bayero

Culture, Judiciary, News Flash

Federal High Court Declares Jurisdiction For Dethroned Emir Ado Bayero In a landmark ruling, Justice Liman Mohammed of the Federal High Court in Kano has declared that the dethroned Emir of Kano, Aminu Ado Bayero, has the jurisdiction to be heard in court. The ruling, delivered today, establishes that the former Emir’s case merits judicial consideration, allowing him to present his grievances and seek redress through the legal system. The case filed by the kingmaker, Aminu Baba Dan Agundi, is that of a fundamental human rights case in the emirate tussle. The development comes days after a Kano State High…

Jun

2024

0 Comments

By Abia ThinkTank

Tinubu Gets Bill Proposing Return To Regional Government Friday

FGN, National Assembly, News Flash, Politics

Tinubu Gets Bill Proposing Return To Regional Govt Friday President Bola Tinubu will, on Friday, receive a draft bill seeking a return to a regional system of government for Nigeria. The proposed legislation authored by a chieftain of the Yoruba socio-cultural association, Afenifere, Akin Fapohunda, and titled, “A Bill for an Act to substitute the annexure to Decree 24 of 1999 with New Governance Model for the Federal Republic of Nigeria’, seeks among others, new extant laws to be cited as “The Constitution of the Federal Republic of Nigeria New Governance Model for Nigeria Act 2024.” The PUNCH reported last…

Jun

2024

0 Comments

By Abia ThinkTank

President Tinubu Makes Another Appointment

FGN, News Flash, Politics

President Tinubu Makes Another Important Appointment President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze. A statement from presidential spokesman, Ajuri Ngelale, revealed that Mr. Yabuku is an accomplished economist and was Chief Economic Adviser to a former President from 2007 to 2010. He was also the Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria from 2003 to 2007, and Commissioner of Finance, Budget, and Economic Planning in Katsina State from 1999 to 2003. ”The…