The minister of works, Dave Umahi has raised alarm over vandalization of the newly completed 2nd Niger Bridge in spite of the security measures in place.
The Minister said that there has been destruction of expansion joints, which he said are crucial components designed to accommodate thermal expansion.
In a statement today, June 5, the Special Adviser on Media, Barr. Orji Uchenna Orji, quoted the minister as condemning the sabotage of this critical infrastructure, with all its significant socio-economic benefits.
Umahi stressed the importance of the bridge, which was completed and handed over in December 2023, saying that it is a vital link enhancing trade and tourism between the southern states and the rest of Nigeria.
He lamented the destruction of such an essential asset by individuals who should be its beneficiaries.
He said that government is implementing stronger security measures to protect the bridge and called on the public to be vigilant.
The Ministry said that the government would reward anyone who can provide useful information that can lead to the apprehension of the vandals.
He appealed to local communities to take ownership of, and safeguard such vital projects.
The Central Bank of Nigeria (CBN) has debunked rumours making the rounds that it is going to revoke the licenses of three additional banks after its regulatory action against Heritage Bank Plc on Monday, June 3. A statement today, June 3, by the apex Bank’s spokesperson, Hakama Sidi Ali said that such rumours are false and intended to trigger panic in the financial system. The statement stressed that the Nigerian financial system is safe, sound and resilient. “Our banks have begun submitting implementation plans for the Banking Sector Recapitalisation Programme in compliance with the CBN Circular reviewing the minimum capital requirements for Commercial, Merchant, and Non-Interest Banks (CMNIBs). “These plans are currently being reviewed by the Bank. In addition to enhancing buffers to withstand economic shocks, this proactive measure by the CBN to require CMNIBs to recapitalize will result in increased capital for Nigeria’s banks, enabling them to provide much-needed credit to critical sectors of the economy. “This will increase the financial system’s contribution to the growth and development of a $1 trillion Nigerian economy. “The CBN would like to reassure all stakeholders of its unwavering commitment to ensuring the financial system’s stability. “Our financial system remains on a solid footing, and the CBN will continue to take all necessary steps to maintain its safety and soundness.”
The three Shell companies in Nigeria and their partners have announced that they spent a total amount of $42.2 million in 2023 on social investments in Nigeria. They said that the amount was a 23 percent increase compared to $34.29 million in the previous year. A statement from the company and its partners said that Shell alone spent $14.1 million during the same period. The statement described the development as a significant mark-up in efforts by The Shell Petroleum Development Company of Nigeria Ltd (SPDC,) Shell Nigeria Exploration and Production Company Ltd (SNEPCo) and Shell Nigeria Gas (SNG) as well as their partners — Nigerian National Petroleum Company Limited (NNPC); TotalEnergies EP Nigeria Limited; NAOC and Esso Exploration and Production Nigeria Ltd – to promote the socio-economic development of host communities. The figures, contained in the recently published Shell Nigeria Briefing, said that the investments were in health, education, road safety and enterprise programmes. “In addition, SPDC and SNEPCo made $142 million statutory payments to the Niger Delta Development Commission (NDDC) in 2023 alone.” SPDC Director and Country Head, Corporate Relations Igo Weli, said: “Our vision for the Niger Delta is for our people to take advantage of these and other investments to improve their lives. This is why we support communities to develop their capacities for need assessment and project planning and execution. Our aim is to contribute to the sustainable development of the region through collaboration with all stakeholders.” The statement recalled that since the 1950s, Shell Companies in Nigeria have supported education through scholarships and other initiatives. “In 2023, SPDC, SNEPCo and SNG invested more than $3 million in such programmes.”
President Bola Ahmed Tinubu, right, expressing satisfaction with the performance of the minister of the Federal Capital Territory (FCT), Nyeson Wike, when he commissioned the fifth project executed by the minister today, June 3. The Project is the Full Scope Development of the Arterial Road N20 from Northern Parkway to the Outer Northern Expressway within the Federal Capital City, FCC which he named after Professor Wole Soyinka.
House of Representatives has frowned at the unruly manner in which the organized labour carried out the nationwide strike yesterday, June 3, over the controversy on national minimum wage. The Reps, in a statement today, June 4, by the Chairman of the House Committee on Media and Public Affairs, Rep Akin Rotimi, Jr. said: “we observed with concern, the direction of the strike action before its suspension, and what it portends for the future.
“Importantly, the shutdown of critical infrastructure, such as the national grid, constitutes economic sabotage and is detrimental to the well-being of our country. Those responsible for these actions must be held accountable. “We also find it troubling that the leadership of Organised Labour, majority of whom live far above the means of the average Nigerian, would engage in actions that exacerbate the suffering of ordinary citizens. “It is necessary therefore, to state that while industrial actions and dissent are fundamental rights within our democratic space that must be protected, the manner in which Labour conducted itself during the just-suspended strike, largely shows a lack of empathy for Nigerians.” The lawmakers asked: “is the objective of the leadership of the unions to compel the government to implement a living wage or to inflict pain on Nigerians?” The Reps stressed the importance of addressing what it called “persistent misinformation and disinformation propagated by Organised Labour Leadership regarding the earnings of lawmakers. “This is especially because Organised Labour has for years, contributed to false narratives about the remuneration of Members of the National Assembly, exaggerating figures to stoke public resentment and undermine the credibility of the Legislature. “This tactic diverts attention from the core issues at stake and unfairly vilifies the institution of parliament. “It is crucial for all parties to engage in an honest and transparent dialogue rather than resorting to the spread of inaccuracies for political leverage. “Contrary to the insinuations of the Labour Leadership through its social media platforms, the Legislature is on the side of Nigerians and will continue to act in the best interest of our constituents – giving meaning to their mandate. “The 10th House of Representatives is committed to strengthening relevant legislation to ensure that essential services remain operational during future industrial actions, thereby protecting the lives and well-being of all Nigerians. “We urge the Leadership of Organised Labour to return to the negotiation table and engage other stakeholders, in good faith, with a view to achieving a balanced and sustainable outcome. “The People’s House remains steadfast in our commitment to the well-being of the Nigerian worker and the overall development of our country.” Meanwhile, the Speaker of the House, Abbas Tajudeen, has said that he had consistently advocated a living wage and better working conditions for Nigerian workers. According to him, he had at various fora, emphasised the importance of addressing key national priorities, including the state of the economy and insecurity, through legislative action. He said that while the House is in full support of the call for improved wages and working conditions, there is great need to exercise caution in increasing the minimum wage beyond what the nation’s economy can sustain, to avoid unintended outcomes such as inflation, layoffs and other adverse economic consequences. “Thus, we restate the importance of approaching this issue from a balanced perspective to ensure long-term stability and prosperity for all Nigerians.”
The true national minimum wage is expected to emerge before Friday, June 7 as the President, Bola Tinubu has directed the Minister of Finance, Wale Edun, to work out the cost Implications of the new minimum wage. According to the Minister of Information and National Orientation, Mohammed Idris, who spoke to newsmen after a meeting between the federal government and the labour leaders at the Presidential Villa, Abuja today, June 4, all the parties to the negotiation of the new minimum wage would work together with the organised labour to present a new minimum wage for Nigerians in one week. “All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable sustainable and also realistic.” Mohammed Idris said that the President had given a marching order that all those who have negotiated on behalf of the Federal government and all those who are representatives of organised private sectors, the sub nationals to come together to have a new wage award that is affordable, sustainable and realistic for Nigerians “We were all there to look at all issues, and the president has directed the minister of finance to do the numbers and get back to him between today and tomorrow so that we can have figures ready for negotiation with labour. Let me say that the president is determined to go with what the committee has said, and he’s also looking at the welfare of Nigerians. “The government is not an opponent of labour discussions or wage increases.” The minister said that the president directed the committee to work together to give Nigerians an “affordable, sustainable, and realistic” minimum wage. “All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable, sustainable, and also realistic.” Secretary to the Government of the Federation, Senator George Akume, had summoned labour leaders to an emergency meeting after the strike which crippled economic activities yesterday, June 3. At the end of the meeting, it was announced that the Federal Government had offered to pay higher than N60,000 minimum wage as a result of which the labour unions suspended the Nationwide strike action for a week.
Organised labour has resolved to suspend the nationwide strike for one week. This is coming on the heels of the commitment made by President Bola Tinubu to ensure that workers get a fair deal from the ongoing minimum wage negotiations, labour said, At a joint National Executive Council (NEC) meeting of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), the unions agreed to suspend industrial action for one week with immediate effect. Details later… Source: ThisDay.
The Nationwide strike action embarked upon by workers in Nigeria, under the canopy of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has grounded the socio-economic activities of the country and threw it into total darkness. As at this morning, June 3, which is the first day of the strike, all the airports in the country have shut down, the same way banks and other commercial houses and organizations were shut down. The power grid and the electricity transmission and distribution companies have also been shut down Reports reaching us at Greenbarge Reporters online newspaper said that workers and commuters who ventured out to the streets are stranded on the roads because there are no vehicles to convey them to their destinations as transporters joined strike. General Manager, Public Affairs of the Transmission Company of Nigeria, Ndidi Mbah, confirmed that the Labour Union has shut down the national grid, resulting in black out nationwide. “The national grid shut down occured at about 2.19am this morning, 3rd June 2024. “At about 1:15am this morning, the Benin Transmission Operator under the Independent System Operations unit of TCN reported that all operators were driven away from the control room and that staff that resisted were beaten while some were wounded in the course of forcing them out of the control room and without any form of control or supervision, the Benin Area Control Center was brought to zero. “Other transmission substations that were shut down, by the Labour Union include the Ganmo, Benin, Ayede, Olorunsogo, Akangba and Osogbo Transmission Substations. “Some transmission lines were equally opened due to the ongoing activities of the labour union. “On the power generating side, power generating units from different generating stations were forced to shut down some units of their generating plants, the Jebba Generating Station was forced to shut down one of its generating units while three others in the same substation subsequently shut down on very high frequency. The sudden forced load cuts led to high frequency and system instability, which eventually shut down the national grid at 2:19am. “At about 3.23am, however, TCN commenced grid recovery, using the Shiroro Substation to attempt to feed the transmission lines supplying bulk electricity to the Katampe Transmission Substation. “The situation is such that the labour Union is still obstructing grid recovery nationwide. “We will continue to make effort to recover and stabilize the grid to enable the restoration of normal bulk transmission of electricity to distribution load centres nationwide.”
The Central Bank of Nigeria (CBN), has wielded its big stick on the Heritage Bank Plc, withdrawing its operational licence with immediate effect for poor performance. The apex Bank’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, in a statement today, June 3, said that the decision to revoke the Bank’s license was taken in accordance with the CBN mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 (1l of the Banks and Other Financial Act (BOFIA) 2020. She said that the Board and Management of the affected bank were adjudged not able to improve the bank’s financial performance, a situation which the apex Bank viewed as constituting a threat to financial stability. “This followed a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline.” Hakama Sidi Ali said: “Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby making the revocation of the license the next necessary step.”
The Joint Admissions and Matriculation Board (JAMB) has announced the release of additional results of the 2024 Unified Tertiary Matriculation Examination (UTME), bringing the total to over 1.8 million, even as it fixed June 22, 2024 for the conduct of a supplementary 2024 Unified Tertiary Matriculation Examination (UTME) for 24,535 candidates. In a statement today, June 2, in Abuja, the Board’s spokesperson, Dr. Fabian Benjamin said that the candidates include those from Kwara State College of Arabic and Islamic Legal Studies (CAILS) and the Kwara State University (KWASU), on the CAILS-KWASU Diploma programme. Others are 20,550 candidates whose results were up till now under investigation and 2,702 candidates whose fingers could not be verified and were given the benefit of doubts to sit for the 2024 UTME. He said that the remaining 322 candidates have been migrated to the category of candidates under examination misconduct as a prima-facie case had clearly been established that those who had registered were not those who appeared for the examination. Dr. Benjamin said that the board had released additional 3,921 outstanding 2024 UTME results. “The Board has painstakingly analysed the process and conduct of the 2024 UTME in some centres where there are strong proofs of substantial non-compliance with the Board’s standards. “Consequently, 24,535 candidates have been rescheduled to retake the examination in their chosen examination towns on Saturday, June 22, 2024. “Meanwhile, 3,921 outstanding 2024 UTME results that had been cleared have now been released. “Therefore, concerned candidates are urged to check their results from Saturday, June 1, 2024 by sending RESULT to 55019 or 66019 to ascertain their status as those cleared would have their results while those rescheduled would be told that they had been rescheduled.” He asked the candidates that have been rescheduled to print their supplementary examination notification slip from June 4, to ascertain their designated examination centres. He said that the additional 3,921 released results brought the total results released so far to 1,883,350. He said that this notice did not concern candidates whose results had earlier been released. He said that candidates with prima facie case (s) of examination misconduct would be further interrogated to establish their culpability after which appropriate measures would be taken on them and announced. He said that the Board, after yielding to pleas of many stakeholders and authorities for the extension of the 2024 Direct Entry (DE) registration, had decided to bring the DE registration to a close on June 17. Dr. Benjamin said that in order to facilitate the wrap-up of the registration, it had expanded the DE registration points beyond the Professional Registration Centres (PRCs) owned by JAMB. “The states where there is upsurge of prospective DE candidates are in Lagos State: – (a) JAMB PRC, No 11, Ojora Road, Ikoyi Lagos; (b) JAMB PRC, No 35-37, Isheri Road, Ogba, Ikeja Lagos, (c) ETC Nig. Ltd, 229, JKK House Ikorodu, Road, Ilupeju. “In Oyo State:- (a) JAMB PTC, JAMB Zonal Office, Quarters 845, Agodi G.R.A, Ibadan, Oyo State; (b) Federal College of Education (FCE) Special, CBT Centre, Oyo; (c) JAMB PTC, Igboho. “In Kwara State: (a) JAMB PTC, National Headquarters Annex, After Oyun Bridge, Old Jebba Road, Ilorin, Kwara State; (b) University of Ilorin CBT Centre, Mini Campus. “In Osun State: (a) JAMB PTC, behind Technical College WAEC Road, Alekuwodo, Osogbo, Osun State; (b) JAMB PTC, Block Y (Commercial) OSPDC, Oroki Estate, Service Area, Ilobu Road, Osogbo, Osun State; (c) JAMB PTC, Gbongon. “It is our belief that all eligible candidates would take advantage of this opportunity to register as no further extension would be entertained.” He said that the previously announced criteria for DE registration remained unchanged. On CAILS-KWASU Diploma, he said that the Board had agreed to conduct a special registration exercise for the 3,633 prospective candidates, who did not participate in the 2024 UTME. He said that they did not participate in the examination based on the assumption that they would be accommodated in the 2024 DE exercise. He advised these candidates to register at any of the approved CBT centres in Kwara, Oyo or Osun State within the next one week (ending on Monday, June 10, 2024) to register for the UTME. He stressed that 469 others among this category of UTME candidates, who had already taken the 2024 UTME need not retake the examination as the one they had already taken suffices. He said that this concession is to ensure that that while standards are being maintained, efforts are in place to support and promote the aspirations of qualified and willing candidates even if it required bending over backwards. Source: The Eagle Online
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