May 17, 2024
the House of Representatives has mandated its Committee on Commerce to investigate the daily increase in prices of commodities in the country.
This followed the adoption of a motion by JESSE ONUAKALUSI on “the Need to Awaken Price Control Board of Nigeria to its Constitutional Responsibilities” at plenary earlier today.
Presenting the motion, ONUAKALUSI said that the price control board had abandoned its responsibility of controlling commodity prices to the marketers at the detriment of consumers.
He complained that this is happening at the time when workers’ take-home pay is yet to be increased.
May 16, 2024
The Organised Labour has pulled out of the ongoing minimum wage negotiations with the Federal Government.
The development came after the Federal Government and the Organized Private Sector, OPS, made an offer of 48,000 naira and 54,000 naira wage. The organized labour described the offer as ridiculous
The spokesman of the Nigerian Labour Congress, NLC, BENSON UPAH confirmed the exit to newsmen earlier today.
May 15, 2024
The Academic Staff Union of Universities has threatened a nationwide strike. The union decried the failure of the Federal Government to appoint Governing Councils for Federal Universities.
The union also faulted what it described as the nonchalant attitude of the President BOLA TINUBU-led Federal Government to matters pertaining to academics in Nigerian Federal Universities.
Speaking during a press briefing in Abuja, the President of the union, Prof. EMMANUEL OSODEKE noted that it has given the TINUBU-led government enough time to set things in motion.
May 15, 2024
The Federal Executive Council has approved an initiative aimed at transforming the nation’s infrastructure and housing sector.
The initiative, as approved by the council, is tailored to meet the urgent demand for critical infrastructure and affordable homeownership, fostering job creation, inclusive growth, and long-term productivity enhancement.
The council gave its nod to the initiative at its meeting at the State House in Abuja
The initiative will unlock private-sector funds, which Nigerians can access for 25-year mortgages at low interest rates to realize their dreams of owning a home.
