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World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty

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World Bank To FG: Reform Now To Stop Further Slide Into Extreme Poverty

The World Bank has issued an ominous warning to the Nigerian government:  more than thirty million Nigerians may live in extreme poverty in the next ten years.  In its 2019 economic update report, the bank also says the country will be home to a quarter of the world’s destitute people, if the government fails to revive economic growth and create jobs.  The report was released on Monday.

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The World Bank has urged president Muhammadu Buhari to increase domestic revenue.  It also asks the president to remove trade restrictions and expensive fuel subsidies.

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The bank warns that failure to take action would see more Nigerians falling into extreme poverty.  It also stressed that Nigeria could slide back into recession if crude prices fell by 25 per cent to $50 a barrel.  The report paints a gloomy picture of the country’s economy.  It says the Nigerian population is growing at a fast pace than the economy.  It also says an estimated one hundred million Nigerians today live on just about 800 naira per day.

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Nigerian News

Minimum Wage: NLC Gives Governors Dec 31 Deadline

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Minimum Wage: NLC Gives Governors Dec 31 Deadline

The Nigeria Labour Congress is threatening another major strike, if state governors fail to meet the December 31 deadline for final negotiations and payment of the new minimum wage.

The union said in a communique at the end of its meeting, with state council chairmen, on the implementation of the national minimum wage, there are currently three implementation categories into which all states fell.

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The union said Kaduna, Kebbi, Lagos and Adamawa have begun paying the new minimum wage, while Jigawa had concluded negotiations but yet to make its first payment to workers.

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Other states like Borno, Abia, Kano, Bayelsa, Sokoto, Niger, Abia, Akwa Ibom, Edo, Ondo, Ebonyi, Katsina, and Zamfara states, have constituted negotiating committees to interact with labour, following consequential salary adjustments.

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Union leaders say the rest of the states have turned deaf ears.

Organized labour says all workers must enjoy the full benefit of the new national minimum wage.

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Nigerian News

Rights Abuses: We’re Not Answerable To US, UK, EU, Says Presidency

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Rights Abuses: We’re Not Answerable To US, UK, Says Presidency

The presidency says it will not be bothered about reports of human rights abuses coming from the United States, United Kingdom and the European Union, because Nigeria is a sovereign nation.

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Special adviser to the president on media and publicity, Femi Adesina says Nigeria is not answerable to any of these countries.

Adesina says on many occasions the federal government had reversed its positions on issues where genuine public concerns were raised. But he says the ultimatum issued by 14 civil society groups, and the punch editorial, were not the mind of majority of Nigerians.  He called them mere distractions

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Nigerian News

Nigerian Electricity Workers End Nationwide Strike

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Nigerian Electricity Workers End Nationwide Strike

General secretary of the National Union of Electricity Employees (NUEE), Joe Ajaero, has announced suspension of the union’s nationwide strike, barely twenty four hours after it began.

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Ajaero says the strike was called off after a meeting with officials of the federal government including leaders of the union, bureau of public enterprises, and minister of state for labour, Festus Keyamo.

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Disgruntled workers say the strike was necessary to settle unresolved workers` claims that have mounted after the privatization of the power sector.

The strike led to a nationwide shut down of electricity installations and has resulted in the disruption of service across the country.

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