General
Ogun Governor Announces Full Implementation of Contributory Pension Scheme
By Adedapo Adesanya
The Ogun State Government says it has commenced full implementation of the Contributory Pension Scheme (CPS) in a bid to resolve the ongoing industrial action that has disrupted public services across.
Speaking with labour leaders, the governor of the state, Mr Dapo Abiodun, said the scheme commenced on July 2, 2025, describing the move as a decisive step toward restoring trust between the state and its workforce.
“This is not just a policy adjustment, it is a commitment to ensuring that our workers are not deprived of what is rightfully theirs,” the governor said.
He also said the state government has also rolled out a 10-year framework to clear outstanding pension liabilities in two five-year tranches, scheduled for completion by 2035.
Mr Abiodun promised that the arrangement would be codified into law to ensure continuity beyond his administration, revealing that in addition to the pension reform, his administration will implement long-delayed promotions from 2023 and 2024.
Workers promoted in 2023 will begin receiving salary increases reflective of their new ranks in September 2025 while those promoted in 2024 will see theirs by December, three months earlier than the initial March 2026 timeline, he promised.
The Organised labour under the Nigeria Labour Congress (NLC) in Ogun State commenced an indefinite strike over the government’s failure to remit pension deductions, implement the national minimum wage, and address other unresolved issues.
Speaking on Monday, the Ogun State Chairman of NLC, Mr Demola Hameed-Benco, said this followed a resolution reached at a statewide congress of civil service workers in Abeokuta, according to the News Agency of Nigeria (NAN).
The statement directed all civil and public servants to withdraw their services immediately, citing the government’s alleged non-compliance with the Contributory Pension Scheme (CPS) established under the Ogun State Pension Reform Law of 2008, amended in 2013.
At the time, Mr Abiodun said the strike was unnecessary and avoidable.
“There was no need for industrial action when we could have sat down to iron out the issues,” he said, urging union leaders to prioritize dialogue moving forward.
The governor further emphasized that structural measures had been put in place to ensure a seamless rollout of the CPS, aimed at guaranteeing retirement security for civil servants.
On their part, the labour leaders said the strike was not intended to paralyze the state’s economy or undermine its peace, but rather to safeguard the rights of workers.
They thanked the Ogun governor and pledged to continue cooperating with the government, reaffirming their commitment to maintaining the state’s reputation.
General
NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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