General
80% of Governors Have Implemented New Minimum Wage—TUC
By Adedapo Adesanya
President of the Trade Union Congress (TUC), Mr Quadri Olaleye, has disclosed about 80 percent of state Governors in Nigeria have implemented the new minimum wage.
Last year, President Muhammadu Buhari signed the new minimum wage bill into law, raising the monthly pay of workers in the country from N18,000 to N30,000.
But some state Governors vehemently rejected this pay rise, claiming it was too high for them to meet because of shortfall in revenue.
Speaking recently in Abuja, Mr Olaleye commended the federal government for implementing the pay rise as well as some state governors, but urged others yet to do so to commence implementation.
“About 80 percent of the states have implemented the minimum wage and I want to salute their courage.
“We have a few states that have not implemented. For those ones, we have issued out letters of ultimatum to them and we are going to take action.
“When TUC issues an ultimatum, we follow it up and for the few states that have not implemented, I am sure they are ready for us.
“We are going to shut down the states and let us see how they are going to perform if they are not ready to pay the minimum wage,” Mr Olaleye added.
The TUC chief also called on the federal government to grant tax holidays to business owners in the country to enable them bear the economic effects associated with the outbreak of coronavirus.
According to him, this is a measure being taken globally during an economic crisis, as it had been done in France and some other countries so far.
He noted that the coronavirus outbreak had negatively impacted on the Nigerian economy, and as such, businesses too will have to bear their losses. He argued that putting this kind of measure in place would cushion the blow.
“The expectations of workers from the government is that the Nigerian government should assist the people.
“The government should also look at how it can cushion the effects for business owners, especially providing adequate financing, to enable them to continue to run their businesses.
“Budget some amount of money to rescue businesses, especially people in entertainment and transport sectors.
“Everything is not about taking away from businesses, in a situation like this, one of the ways you can encourage people is to give them tax holidays,” he said.
Speaking further, Mr Olaleye noted, “So we (TUC) are going to take a step towards that, to see how we can discuss with government to give tax holidays to encourage businessmen so that more people are not pushed into the labour market.”
General
Customs Area 1 Command Eyes Higher Revenue in 2025
By Bon Peters
The Area 1 Command of the Nigeria Customs Service (NCS) in Port Harcourt, Rivers States, has expressed confidence in raking in higher earnings in 2025 after it generated about N200.6 billion in 2024.
A statement by the command’s Public Relations Officer, Mr Oscar Ivara, a Superintendent of Customs, said last year’s revenue was higher than the N116.3 billion collected in 2023 by 72.41 per cent or N84.3 billion.
He quoted the Comptroller of the command, Mr Mustapha Hashim, as attributing “this impressive surplus” to the hard work, dedication, and operational improvements within the command, which he insisted have helped increase revenue while improving compliance with customs regulations.
He noted that the command’s strategic focus on enforcement operations and ensuring compliance with customs regulations have significantly contributed to the increase in revenue even as he applauded the improved monitoring systems, increased patrols, and enhanced collaboration with other enforcement agencies which he emphasized have played a critical role in curbing smuggling activities and improving revenue.
Continuing, Mr Hashim gave a breakdown of the 2024 revenue figures of the command to include N184.2 billion in the first quarter of 2024, with an estimated monthly collection of N15.4 billion, which he said was later reviewed upwards to N230.3 billion with monthly expected collection of N19.2 billion in the second to fourth quarters of the year.
The agency, however, reported an annual revenue target shortfall collection of about 13.04 per cent, which was largely attributed to the federal government’s food import waiver policy, introduced in July 2024, to mitigate Nigeria’s worsening food crisis.
“The presidential directive, which ended on December 31, 2024, gave waivers to essential food items such as wheat, maize, and grain, which are the major goods imported through the command,” he stated.
In the area of export activities, Mr Hashim posited that the command made notable strides in boosting revenue from agricultural products, which he referred to as a key indicator to Nigeria’s economic diversification.
“This focus has increased export facilitation and boosted the command’s contribution to national revenue,” he said.
He added that the total quantity of cargoes exported in the year 2024 was 17,352,817 metric tons with FOB at $1.5 billion, while the NESS paid was N2.9 billion for both oil and non-oil exports.
The statement also disclosed that a total of 289 ships called at the Area Command in 2024, with import tonnage comprised of bulk cargoes such as wheat, frozen fish, salt, oil well equipment, PMS, AGO, gypsum, bitumen and general cargoes which amounted to 4,080,654.198 metric tons and the duties collected from the bulk cargoes and excise factory contributed to the huge revenue collected in the command.
He said the feat was achieved by advocating full compliance of all customs regulations by ensuring maximum collection of customs duties, levies and payment of all unpaid assessment.
Mr Hashim said with the command’s focused approach, dedication and continued support from partners and stakeholders, the revenue generation, anti-smuggling and trade facilitation drive for 2025 will be effective, promising that the command would deploy all necessary tools to ensure seamless clearance operations this year.
General
EFCC to Auction Over 800 Forfeited Cars in Lagos, Abuja (Full List)
By Modupe Gbadeyanka
Over 850 cars forfeited to the Nigerian government across various locations in Nigeria will be auctioned by the Economic and Financial Crimes Commission (EFCC), a statement from the agency has revealed.
The anti-money laundering organisation said the vehicle were seized by the government through court orders from persons involved in various financial crimes, including corruption, money laundering, and cybercrime.
The agency said the auction is in line with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022.
It called on interested members of the public to participate in the auction, promising that the process will be transparent and fair.
The exercise will be conducted by the EFCC in partnership with appointed auctioneers in Lagos, Abuja, Benin City, Enugu, Ilorin, Ibadan, Port Harcourt, and Kano from January 20 to 27, 2025.
“The general public is hereby notified that the @officialEFCC through its appointed auctioneers will conduct e-Auction of the under listed vehicles that are subject of final Forfeiture orders in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022,” the statement read.
Below are the cars to be auctioned by the EFCC;
General
Oyo Rehabilitates Agbowo Road, Three Others
By Modupe Gbadeyanka
Four major roads are being rehabilitated by the Oyo State government to improve transportation infrastructure and enhance mobility.
The chairman of the Oyo State Road Maintenance Agency (OYSROMA), Mr Busoye Ogunlade, in a statement in Ibadan last Friday, said the roads should be completed in less than eight weeks.
The roads include Bashorun Oluwo-nla road, Agbowo road, Eleyele-Water road, and Zion plaza-Olusoji road.
“Work has commenced on some of these roads, as we speak. However, repairs on other roads will commence soon,” Mr Ogunlade said, advising commuters to follow temporary traffic diversions and cooperate with the ongoing construction efforts.
The OYSROMA chief said the ongoing rehabilitation was based on fund availability and the economic viability of those roads, noting that the move is in line with the commitment of the administration of Governor Seyi Makinde to make the state more attractive to both local and foreign investors.
“Governor Seyi Makinde has given us the mandate to rehabilitate roads across the State, and we have mobilized Engineers, through direct labour to these sites,” he said, adding that to make the exercise have the desired impact on the people, the agency has gone across all zones and picked critical roads that need rehabilitation across the state.
“This is borne out of the complaints we received during zonal town hall meetings from residents of the state. Our Engineers have swung into action and have taken measurements of critical roads,” he said.
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