FGN - 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

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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

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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

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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…

Jun

2024

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By Abia ThinkTank

World Bank Approves $2.25bn Loan For Nigeria

CBN/Commercial Banking, Economy, FGN, News Flash

World Bank Approves $2.25bn Loan For Nigeria Wale Edun, Nigeria’s minister of finance and coordinating minister of the economy announced Thursday night the approval of two major financial support packages by the World Bank. The loans are part of President Tinubu’s ongoing efforts to stabilise the economy, reposition it for sustained and inclusive growth, and provide urgent support to the poor and vulnerable, the minister said. “We have undertaken bold and necessary reforms to restore macroeconomic stability and put Nigeria on a path to sustainable and inclusive economic growth. We welcome the support of the RESET and ARMOR programs as…

Jun

2024

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By Abia ThinkTank

National Assembly Moves To Buy New Presidential Aircraft For Tinubu, Shettima

FGN, National Assembly, News Flash, Politics

National Assembly Moves To Buy New Presidential Aircrafts For Tinubu, Shettima The National Assembly has recommended the purchase of two new presidential aircrafts for the use of President Bola Tinubu and Vice President Kashim Shettima. The recommendation was put forward by the House of Representatives Committee on National Security and Intelligence. According to the lawmakers, there is a need to acquire the new presidential aircrafts for security reasons and the cost of maintenance associated with the current Presidential Air Fleet (PAF). The Committee issued the recommendation based on the report presented by its members after a hearing conducted by its…

Jun

2024

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By Abia ThinkTank

Protesters Defy Tight Security, Storm Streets Over Hardship Under Current Tinubu Government

Economy, Environment, FGN, News Flash, Politics

Protesters Defy Tight Security, Storm Streets Over Hardship Under Current Govt A large group of protesters have converged on the Ikeja Underbridge in Lagos, in protest of the present living conditions in the country. The protesters, comprising various civil society groups, were met with a heavy security presence, as policemen and officials of the Lagos Neighbourhood Safety Corps were deployed to maintain order. The protesters chanted solidarity songs and wielded placards and banners with inscriptions such as: “President Tinubu, let the poor breathe”, “For another general strike with mass protest now”, and “Payment of living wage to all Nigerian workers…

Jun

2024

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By Abia ThinkTank

10 Takeaways From Tinubu’s Democracy Day Speech

FGN, News Flash, Politics, Presidency

10 Takeaways From Tinubu’s Democracy Day Speech President Bola Tinubu marked the 25th Anniversary of Unbroken Democracy in Nigeria with a compelling address on Democracy Day, June 12, 2024. In his speech, he reflected on the nation’s journey from the struggles of military rule to becoming Africa’s most populous democracy. Paying tribute to the heroes of the democratic movement and emphasizing the importance of sustaining democratic values, Tinubu outlined his commitment to protecting citizens’ rights and pushing forward with vital economic reforms. His call for unity and perseverance underscores the ongoing efforts to secure a brighter, more democratic future for…

Jun

2024

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By Abia ThinkTank

New National Minimum Wage Ready, Awaiting Legislative Action – President Tinubu

FGN, Economy, National Assembly, News Flash

New National Minimum Wage Ready, Awaiting Legislative Action – Tinubu President Bola Tinubu has revealed that a consensus has been reached on the long-debated new minimum wage between the Federal Government and organised labour. In his national broadcast to mark the 2024 Democracy Day in Abuja on Wednesday, Tinubu revealed that an executive bill will soon be sent to the National Assembly to formalise the new minimum wage Agreement He stated, “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…

Jun

2024

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By Abia ThinkTank

I Did My ‘Idobale’ For Democracy – President Tinubu Shrugs Off Slip

Columns/Opinions/Letters, FGN, Gossips, News Flash, Presidency

I Did My ‘Idobale’ For Democracy – President Tinubu Shrugs Off Slip President Bola Tinubu has responded to the viral video of him slipping while boarding the presidential vehicle at Eagles Square in Abuja. Tinubu jokingly referred to the fall as a “swagger” and explained that as a traditional Yoruba boy, he was performing a customary greeting called “dobale” to mark Democracy Day Tinubu made this known during the state Banquet Dinner at the Presidential Villa, Abuja, to mark this year’s Democracy Day. With a dash of humour, Tinubu said, “Early this morning, I had a swagger and it’s on…