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June 10, 2024 Governor Umo Eno Felicitates Akwa Ibom State House of Assembly on 1st Year Anniversary

Governor Umo Eno Felicitates Akwa Ibom State House of Assembly on 1st Year Anniversary

Governor UMO ENO has sent his message of felicitation, as the Speaker of the Eight Assembly, Rt. Hon. UDEME OTONG and Members of the State House of Assembly celebrate their First Legislative Year.

 

In a goodwill message released by his Chief Press Secretary, EKERETE UDOH, Governor UMO ENO celebrated the robust collaboration that has existed between the Executive and the Legislative arms of government.

 

He noted that in the past one year, the House has cooperated with the executives as a reliable partner in their determined efforts to bring development to the state, especially in the rural areas.

 

The governor lauded the eight assembly for working expeditiously to pass people – centric bills to advance growth and development in line with the ARISE Agenda which today, have become laws.

 

Governor UMO ENO also commended the House for passing the 2024 Budget in a record time, adding that the executives will always count on them to continue on this path of robust partnership in the service of the State and the Akwa Ibom people in their Second Legislative Year.

June 5, 2024 Akwa Ibom State Government Directs Focus to Ibom Tropicana Complex

Akwa Ibom State Government Directs Focus to Ibom Tropicana Complex

Akwa Ibom State Governor, Pastor Umo Eno, has ordered immediate reclamation of all trespassed portions of the 82- hectare landed property acquired for the Ibom Tropicana Entertainment Centre, as he moves to complete the moribund and uncompleted parts of the facility.

 

Governor Eno gave the indication while undertaking an inspection tour of the theme park, the 14 – storey Tropicana hotel building and the 5000 – capacity Conference facility at the Ibom Tropicana Entertainment Centre, Udo Udoma Avenue, Uyo.

 

The Governor who had earlier held a re-evaluation meeting with major contractors on the project, said the visit was informed by his resolve to attend to critical infrastructure that have potentials to grow the State’s economy.

 

He explained that his drive to reclaim the facility was also in furtherance of his pledge to complete uncompleted projects initiated by previous administrations and make them functional.                 

June 1, 2024 Naira Ends May Weaker At N1,484.75 Against the Dollar

Naira Ends May Weaker At N1,484.75 Against the Dollar

The naira, Nigeria‘s currency, ended the month weaker, despite a surge in dollar supply amounting to $4.60 billion in the official foreign exchange (FX) market.

 

The FX market closed for the month on Friday with the naira losing 5.60 percent as the dollar was quoted at 1,485.99 Naira, weaker than 1,402.67 Naira quoted at the beginning of the month, according to data from the FMDQ Securities Exchange Limited.

 

On a day-on-day trading basis, the local currency closed flat at 0.08 percent as the dollar exchanged at 1,485.99 Naira on Friday as against 1,484.75 Naira quoted on Thursday at NAFEM.

 

Dollar supplied by willing buyers and willing sellers was as high as $4.60 billion in the month under review.

June 1, 2024 Labour Declares Indefinite Strike from June 3

Labour Declares Indefinite Strike from June 3

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have declared a nationwide strike beginning from Monday, June 3rd, 2024 over the tripartite committee’s inability to agree on a new minimum wage.

 

The President of the TUC, FESTUS OSIFO announced the strike at a joint news conference with the leadership of the NLC in Abuja.

 

The decision follows the expiration of an earlier request to the Federal Government to conclude all negotiations for a new minimum wage before the end of May.

 

Speaking during the press conference, the TUC president declared that the industrial action will be indefinite until the Federal Government provides a new minimum wage.

Comrade OSIFO further decried what he described as non-responsiveness of the federal government to the plights of the Nigerian workers.

The organised labour had once pulled out of the negotiation and rejected two Federal Government offers, the latest being the offer to pay 60,000 naira as a minimum wage

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