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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Minimum Wage: Fed Govt Orders Finance Minister, Edu To Proffer Solution

Tinubu 


By Favour Ifeoluwa & Akinola Ajibade


The  Federal Government appears set to resolve problems, which culminated in the nationwide  industrial actions,which started on Monday June 3rd, this year.

Of importance is the payment of minimum wage for Nigerian workers, an issue that is critical to the stare's workforce. 

Recently, President Bola  Ahmed Tinubu,  directed Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, to within two days come up with the cost implications of an affordable, sustainable and realistic new minimum wage for Nigerian workers. 

The directive which came as organised labour resolved to suspend its nationwide strike for the next one week, appears to have calm down nerves on the issue, as both Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), yesterday, directed their state branches to ask members to resume work immediately. 

Similarly, the Senate Senate pledged that the National Minimum Wage Bill would be given accelerated hearing any time Tinubu forwards it to the National Assembly for legislative action.

Though,  the House of Representatives has  cautioned the Federal Government against increasing the minimum wage beyond what the economy could sustain. 

The House's spokesman, Akin Rotimi, in a statement issued Tuesday, said the call became imperative to avoid unintended outcomes, such as inflation, layoffs, and other adverse economic consequences. Nonetheless, civil society group, Socio-Economic Rights and Accountability Project (SERAP),  called on Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, to cut the bogus National Assembly budget of N344.85 billion as sacrifice to enable the federal government meet the demands of organised labour.


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