Jobs/Appointments
Federal, State Governments Should Not Suffocate Nigerian Workers—CNPP
By Modupe Gbadeyanka
The federal and the state governments have been cautioned against frustrating Nigerian workers, who the Conference of Nigeria Political Parties (CNPP) said deserve a living wage.
The group, in a statement signed by its Deputy National Publicity Secretary, Mr James Ezema, advised the workers not to settle for less as they deserve better.
There had been talks between the organised labour unions comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on a new national minimum wage.
The current value is N30,000 per month, but the workers want about N494,000 due to the current economic crisis in the country. The government last proposed N60,000 which has been rejected and talks have again resumed to conclude, possibly later today, Friday, June 7, 2024.
The umbrella body of all registered political parties and political associations in the country in the statement said it stands resolute in its commitment to championing the rights and welfare of the Nigerian workers, irrespective of political views or other affiliations.
“In light of the prevailing economic situation, we firmly insist that our hardworking citizens deserve a national living wage that reflects their contributions to the nation’s growth and the realities of our time,” the organisation stated.
Giving a reason for a national living wage, the CNPP said, “Nigeria faces significant economic challenges, including inflation, rising costs of living, and the removal of petrol subsidies. These factors disproportionately affect workers who struggle to make ends meet.
“We believe in the resilience and dedication of Nigerian workers and, as the backbone of our nation, their well-being directly impacts our collective progress.
“A national living wage ensures that workers can afford necessities, support their families, and contribute effectively to the economy. A poorly paid worker given the high cost of living in the country will most likely be a corrupt civil servant or employee.”
The CNPP called on both parties in the ongoing negotiations to expedite action to reach a position quickly, saying “We urge the Federal Government of Nigeria and the labour unions to expedite negotiations on a new minimum wage threshold. Empty promises won’t suffice; concrete actions are needed to avoid another circle of industrial action over unpaid salaries and pensions.”
“We urge Nigerian workers to unite in their demands, trust in your collective strength, not just in the unions, to be architects of their destiny.
“While we recognize the economic challenges, we implore both parties to seek a middle ground that would be just and fair,” it added.
Speaking on strategic reforms in reducing the cost of governance in Nigeria, the CNPP observed that the “cost of governance is a very pressing issue in Nigeria that requires urgent strategic reforms.”
“The federal and state governments should not suffocate the civil service by denying it fair wage but continue to increase the pay and remunerations of federal/state executives as well as that of the parliaments, both at the state level and at the national level.
“To reduce the cost of governance and save money for the salaries of Nigeria workers, the executives at all levels prioritise development-oriented policies and investments. This ensures that government spending directly contributes to growth and well-being.
“They should implement performance-linked wages to motivate public servants and limit the number of advisers and assistants to political office holders as well as reduce the size of cabinets at both federal and state levels.
“To eliminate low-priority expenditure, the executives should conduct rigorous cost-benefit analyses for all projects, reject bills seeking to create new government agencies unless they are essential and promote digital technology like the use of e-accounting and e-auditing systems to prevent unauthorised spending and leverage technology for efficient public service delivery.
“Ministries, Departments, and Agencies (MDAs) should be streamlined to eliminate duplications and redundancies and reduce bureaucracy by merging or reorganizing MDAs for more productivity.
“By implementing these measures, Nigeria can strike a balance between effective governance and prudent spending.
“The CNPP emphasises that Nigerian workers are not mere statistics; they are the heartbeat of our nation. Let us ensure they receive a living wage that reflects their worth.
“CNPP remains committed to advocating for a fairer, more prosperous Nigeria for the good of the masses. Together, we can build a nation where every worker thrives,” the group noted.
Jobs/Appointments
UNIZIK Appoints Nicholas Okoye Visiting Senior Lecturer, to Strengthen Digital Assets Education
Nnamdi Azikiwe University (UNIZIK) has appointed veteran investment banker and capital markets expert, Nicholas “Nicky” Okoye, as a Visiting Senior Lecturer in a move aimed at strengthening its capital markets and digital assets curriculum amid the growing global adoption of virtual assets and blockchain-based finance.
The appointment, which takes immediate effect, is expected to deepen the university’s capacity to train enterprise executives, entrepreneurs and policymakers in emerging areas such as cryptocurrencies, stablecoins, Central Bank Digital Currencies (CBDCs), tokenisation of real-world assets and other digital financial innovations.
UNIZIK, which hosts one of Africa’s few dedicated Capital Markets faculties, said the appointment aligns with its strategy of equipping students and professionals with the knowledge and practical skills required to navigate the rapidly evolving financial ecosystem.
The university, in its statement, described the appointment as a significant milestone for the institution.
“Securing someone of Nicky Okoye’s calibre is a game-changer. As global finance evolves, we must equip enterprise executives, entrepreneurs and policymakers with the technical knowledge required to build long-term capital formation strategies. His real-world experience is invaluable.”
Okoye brings decades of experience across global and Nigerian financial institutions. His career includes serving as a Financial Consultant at Merrill Lynch in the United States, Chief Strategy Officer at the Nigerian Exchange Group, and Founding Group Executive Director of Operations and Strategy at Transcorp Group Plc, where he led fundraising initiatives that collectively exceeded $1 billion.
He currently leads the Global Investment Advisory Community (GIAC), a coalition of local and international banks, asset managers and fintech firms working to develop a digital assets ecosystem across Africa and the Caribbean.
Beyond the private sector, Okoye has contributed to public policy, providing advisory support to the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on capital market regulatory frameworks.
Stakeholders in the financial services sector have welcomed the appointment, expressing optimism that his academic engagement would help build capacity among investors and professionals as Nigeria expands its digital finance ecosystem.
Okoye also holds an honorary Doctor of Business Administration from Enugu State University of Technology, awarded in recognition of his contributions to enterprise development and business excellence.
He previously served on the Presidential Jobs Board and the National Council of Small and Medium Scale Enterprises, where he provided strategic advice on economic development. Between 2014 and 2018, he advised the Nigeria Content Development and Monitoring Board (NCDMB) on Project Triple E, an initiative designed to strengthen indigenous participation in the upstream oil and gas value chain by integrating community-based contractors.
The appointment comes as Nigeria intensifies efforts to establish a robust regulatory framework for digital assets. The Federal Government recently inaugurated a National Virtual Assets Council to coordinate the oversight and regulation of virtual and digital assets in the country.
The council is chaired by the Central Bank of Nigeria, with support from the Securities and Exchange Commission and the Nigeria Revenue Service, as part of broader efforts to promote innovation while ensuring investor protection and financial system stability.
By Modupe Gbadeyanka
The former Governor of Ekiti State, Mr Ayodele Fayose, has been appointed by President Bola Tinubu as the chairman of the Rural Electrification Agency (REA), with immediate effect.
A statement signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Monday night said Mr Tinubu also made 25 other new appointments into 10 federal government agencies and commissions.
Also appointed was Major General Junaid Bindawa as chairman of the National Salary and Wages Commission.
On the board of REA are Mr Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta as members and non-executive directors. The incumbent DG of the agency, Abba Abubakar Aliyu, and three executive directors previously appointed make up the remaining board members.
President Tinubu made eight other appointments to the Wages Commission, along with Mr Bindawa. Former member of the House of Representatives from Lagos, Olajumoke Okoya-Thomas, is the new secretary of the commission. Dr Ogbole Ene Lilian, Oladele Olatubosun, and Yakubu Umar Barde, representing Benue, Oyo and Kaduna, were appointed as commissioners.
Dr Mai Adamu Yau, from Borno, Ginika Florence Tor (Enugu), Engineer Lawrence Okoh (Edo) and Bello Morenike Iyabode (Kogi) were appointed as members of the commission.
Tosin Johnson Adeyanju, who was previously appointed as the Executive Secretary of the National Lottery Trust Fund (NLTF), has now been moved to the Revenue Mobilisation and Fiscal Commission as Secretary.
Mr Tinubu also appointed Dr Abuh Mohammed as the DG of the National Population Commission, Dr Akinola Odeyemi as Managing Director of the Nigerian Bulk Electricity Trading (NBET), and Dr Anthony Inalegwu Godwin as chairman/CEO of the Nigeria Atomic Energy Commission. Engineer Julius Oloro, a former council chairman, is the new CEO of the Kwara-based National Centre for Agricultural Mechanisation (NCAM), replacing Dr A.R. Kamal, who died last January.
The President constituted the board of the Fiscal Responsibility Commission, with Dr Abdullahi Maikano Saidu as chairman. Members include Mohammed Asmau, Mohammed Aliyu Makama, Dr Suleiman Gidado, Louis O. Ndukwe, Amaechi Ugwele and Olaniyi Idowu Onikola.
Shuni Muhammad Dahiru is the new executive secretary of the National Commission for Mass Literacy, Adult and Non-Formal Education, replacing Professor Shu’aibu Shehu Aliyu, who was reassigned to the Petroleum Trust Development Fund (PTDF) in April.
To replace Mathias Byuan, the former executive director, finance of the Federal Housing Authority, who resigned to contest the governorship election in Benue, President Tinubu named Gisaor Vincent Iorja. The new occupier of the position is an economist, legal scholar, and academic currently serving as the secretary of the Benue State Independent Electoral Commission (BSIEC).
By Aduragbemi Omiyale
In line with the 12-year tenure prescribed for non-executive directors of banks by the Central Bank of Nigeria (CBN), Mr Tony Elumelu will on August 21, 2026, cease to be chairman of United Bank for Africa (UBA) Plc.
The board of the financial institution at its meeting on July 6, 2026, has elected Mr Emmanuel Nnorom as the new chairman.
In a notice to the Nigerian Exchange (NGX) Limited, the lender said Mr Elumelu’s successor, a non-executive director of the company, will assume the new role on August 21, 2026.
Mr Nnorom is a chartered accountant with over 40 years of experience in banking, finance and audit. He brings to the role extensive leadership experience and deep institutional knowledge of UBA.
“I am honoured by the trust the Board has placed in me and deeply conscious of the legacy I inherit.
“I look forward to working with my colleagues on the board, management and our staff across all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders,” Mr Nnorom stated.
Commenting on his retirement, Mr Elumelu said, “Serving United Bank for Africa has been one of the great privileges of my career.
“UBA has a unique competitive position, across Africa and globally, and I leave the Board with great confidence in UBA’s future.
“Emmanuel Nnorom is a leader of integrity, experience and sound judgement, and I am confident that the Bank will continue to thrive under his leadership.”
The board thanked him for his visionary leadership and exceptional contribution to the growth, transformation and institutional strength of the UBA Group.
