Month: October 2023

  • New Minimum Wage| President Gives Direction

    (FLOWERBUDNEWS) President Muhammadu Buhari Worried by the delay in the commencement of the implementation of the new National Minimum wage for the country, has directed the immediate conclusion of negotiation on the consequential adjustment between the government and the Joint National Public Service Negating Council to pay way for the implementation of the national new wage regime.

    The President has also directed the setting up of a Presidential Committee on Salaries and Wages which will be saddled with the responsibility of receiving complains and reviewing salaries and work schedule as well as assigning appropriate salaries to different categories of workers.

    Minister of Labour and Employment, Senator Chris Ngige who disclosed hen he received the leadership and members of the Labour Correspondents Association of Nigeria (LACAN) in his office said the President has directed that a time limit be set for the conclusion of negotiation between government and workers.

    The Minister disclosed the intention of government to reinvigorate factory inspectorate in the country to ensure that workers work in decent work environment saying “my department of inspectorate, as well as Employment and Wage, are going to do more. We are going to fund them so that we can star full factory inspection and make sure that nobody is under employed and that those in employment get what they deserved in the world of work so that they can have decent work.

    “Part of it is the new minimum wage which the President signed in April. It is a pity that after signing it, May came and a lot of us were sent on compulsory leave. We are now coming back from leave. If you remember, a committee was set u and I was a member.

    “When we left, the Permanent Secretary took our place and were negotiating with the Joint negotiating Council on the consequential adjustment. The states are waiting for that and it is not proper for us not to fast track that negotiation so that even the states will not have too much backlog to pay when the consequential adjustment is concluded.

    “We have our own budgeted for in the 2019 budget and we are going to also budget for it in the 2020 budget. We are concerned about the states because some of the states are not proactive like us.

    “So, the sooner we conclude at the federal level and the Joint Negotiating Councils in the states takes it from there and negotiate with the states, the better for everybody. If we spill this into next year, I am not sure how many states will be able to pay the backlog which will lead us to another round of negotiation.

    “It is the determination of the President and this administration to fast track the negotiation on consequential adjustment. I have just received a correspondence from the Chief of Staff to the President and we are putting a deadline to that negotiation.

    “We are fast-tracking it because the government will also want to put in place a Presidential Committee on Salaries and Allowances that will be able to take request after this consequential adjustment.

    “That same committee will appraise the level of workload and evaluate all cadre of work and come out with salaries and allowances commensurate with each. It is one of the things that the government has decided and I have just seen the correspondence.

    “When the details are out, we will let you know. That is to show workers both in the public and private sector that this government is labour-friendly and we want them to be in the decent work world.”
    The Minister traced the recent security challenges in the country to increasing level of unemployment, saying “we have seen the symptom called unemployment which are very visible.

    “When you hear about Boko Haram, that is one of the symptoms, when you hear about banditry and IPOB, it is one of the symptom of jobless people. So, for me, the President has decided that we must fight unemployment. We have to fight because the indices are terrible and that does not call for cheers. We have to decide and wear our thinking cap and take our country away from the doldrums.

    “The President is committed to recreating the middle class in Nigeria. He is committed to lifting at least 100 million people out of poverty and the only way if for our economy to improve. When our economy improves, we would deal a big blow to poverty, social insecurity and also insecurity of lives and property. We have to make our country a better place because we cannot run away from that. We all have a collective responsibility.

    “This Ministry will come out with many programmes that will help the government to recreate the middle class that has vanished from the country. We have a situation now where you have the top most rich who are very rich and those at the bottom. Even down there at the bottom, you still have people who cannot be compartmentalised into the middle class.

    “Those who are work in Nigeria, the government is trying its best. We have many programmes that has kept people at work. We have refused redundancy being declared, we are fighting casualisation and we are not happy with contract appointment. We don’t want contract appointment in the private sector. We want people given their jobs with full benefit.”

     

  • We Need Institution That Will Produce Cutting Edge AI Applications — Osinbajo

    (FLOWERBUDNEWS)  Vice President Yemi Osinbajo says Nigeria needs an institution that will produce cutting edge Artificial Intelligence (AI) applications for education, business, medicine, security among others.

    Osinbajo expressed this view in his keynote address at the First Board Meeting/Fund Raising dinner in aid of the establishment of the Nigerian University of Technology and Management (NUTM) on Wednesday in Lagos.

    He said that once in the life of a nation or community a vision emerged to do something truly extraordinary; something truly game-changing and  capable of decisively impacting the development of a nation.

    “I think we are at such a moment here today; we gather to give life to an elite school of Science and Technology.

    “Indeed, there must be an institution whose sole objective is to inspire innovation, inventions and research that address the most crucial problems of the nation and the world.

    “How do we solve peculiar African health challenges such as Sickle cell Anaemia, fibroids and cancers?

    “Clearly we need an institution able to provide the atmosphere to invent agricultural inputs that will guarantee the huge yields per acreage or volumes in dairy and livestock to meet the food security needs of a country headed for the third position in population size in a few short years.

    “An institution that will produce cutting edge AI applications for education, business medicine, and security.

    “ One that can design the educational innovation required to train millions of children in or out of classrooms all across the country and provide the techniques for delivering opportunities in technology on scale.’’

    Osinbajo said that Nigeria must  produce world class economists, managers of commerce in a world increasingly disrupted by technology and innovation.

    He said the nation must convert its best young minds to creative thinkers, innovators in science, technology, the economy, commerce and public finance.

    According to him, Nigeria already has several tertiary institutions of science and technology and management sciences all over the country but NUTM comes with a difference.

    “But what is proposed is an Institution intentionally created as a world class centre for the training of the best Nigerian minds and talents.

    “The institution must also engage the best academics and scholars, locally and internationally.

    “This is not an institution that we have seen the likes before locally; the comparators are the deliberate creation of thinkers in the public and private sectors like ourselves all around the world.

    “The vision is clear but the key of course is funding.

    “ As is the case with comparable institutions all over the world, the NUTM must have considerable resources to support high quality research.

    “The implications of this are vast; to excite research NUTM ought to be able to attract to residence Nobel laureates and international leaders of thought and innovation; that will cost money,’’ he said.

    He said a remarkable thing about the initiative was that the people behind it were all people who had been successful in creating high-quality institutions in other fields whether it be in the private or public sector.

    The vice president  pledged Federal Government’s commitment to ensuring that  the initiative succeeded as it was not just a project  but a vital national resource.

    On his part, NUTM board member, Dr Okechukwu Enelamah, said the aspiration was to build a world-class university in Nigeria that would provide such academic excellence and rigour that would be globally competitive.

    The immediate past Minister of Trade and Investment said that the proposed institution would play a central role in repositioning Nigeria and Africa for competitiveness in the 21st century.

    “It will provide top-tier education for our children and unlock the many benefits that the ecosystem of a world-class school will produce.

    “This university will specialise in Science, Technology, Engineering, Mathematics and is positioned to be a landmark centre of excellence that will serve not only Nigeria, but also Africa and beyond,” he said.

    In a presentation, NUTM board member, Dr Pramath Sinha, said that the institution would leverage learnings from young institutions in countries like India and would focus on research and innovation.

    He said that NUTM would target to be among top 50 young universities in the world.

  • Xenophobia: Nigeria Must Shift Foreign Policy From Afro-Centric To Citizen Centered – Don

    (FLOWERBUDNEWS) The Deputy Vice Chancellor Academics, Kaduna State University (KASU) Prof. Abdullahi Ashafa, on Wednesday urged  the Federal Government to shift its foreign Policy from African centered to citizens centered.

    Ashafa, a Professor of Diplomatic and Military History, made the call during a Discourse on “Xenophobia in South Africa: Its Origins, Trends and Remedies”, organized by the History Department of KASU.

    He said Nigeria must abandon its “father Christmas“ foreign policy which leaves it with nothing to show for it, to a more rewarding foreign policy beneficial to Nigerians.

    He said that rather than cry over xenophobic attacks on Nigerians in South Africa, the Federal Government should make the country attractive as a destination for greener pasture.

    According to him, the foreign policy of a country depends on the strength of its economy, military and leadership.

    He therefore called on Nigerian leaders to live up to their responsibilities to make Nigeria great and attractive.

    “We are living in past glories by telling South Africans our roles in their liberation struggle, which they have all forgotten and treated as event of the past.

    “Our country has retrogressed and became irrelevant because we have been surpassed by countries that once looked up to Nigeria as a destination for better living.

    “We have been sleeping for too long, governed by corrupt, gluttonous, predatory and irresponsible clique of elite.

    “We have allowed our corruption, terrorism, banditry, lawlessness and laziness, bad roads, non-functional institutions and infrastructure to define us, which allowed the world to treat us as bunch of criminals,“ he noted.

    The professor further said: “If anything, the South African events should wake us up as Nigerians once woke up Ghana in the 1980s, with the popular slogan ‘Ghana Must GO’.

    “Today, Ghana is the envy of not only Nigerians but the rest of African countries,“ Ashafa said.

    He however advised the South African Government to educate its citizens to embrace the African identity and run an inclusive government to attract more skilled Africans to create an ‘America in Africa’.

    The DVC explained that, as the most industrialized economy on the continent, South Africa is the only country that could provide economic opportunities to African professionals.

    The South African justice system, he said,  must also wake up to its responsibilities, stressing that over 400 foreigners were killed between 2008 to date and none of the  perpetrators was convicted.

    On his part, Prof. Jeremiah Methuselah, Deputy Dean, Faculty of Arts, KASU, said  the Xenophobia was not fear of foreigners but deep-seated hatred of South Africans against their fellow Africans.

    Methuselah blamed the unabated attacks on fellow blacks Africans, on economic competition, false nationalism, the feeling of superiority over fellow blacks and exclusive nature of the country’s governance.

    He explained that the many years of apartheid has robbed the South Africans of their self-esteem and isolated them from other Africans, stressing the need to help them out of their current psycho-phobia.

    Another discussant, Dr Suleiman Shehu, Director, Centre for Basic Studies, KASU, noted that apartheid was abolished in 1994, but the mental effect remained with the South Africans.

    According to him, Africans need fellow Africans to move forward as a continent, adding that embracing inclusive policies would help attract more ideas and skills needed for growth and development.

    Earlier, the Chairman of the event, Dr Terhemba Wuam, Dean Students Affairs, KASU, said that History Department had continued to set agenda in discussing issues of national and international interest.

    Wuam, the immediate past Head of the department, said that the 90 per cent of those controlling the South African economy were western foreigners.

    He said that the intense competition on the 10 per cent economic opportunities by the indigenous population and other Africans was among major factors fueling xenophobic attacks. (NAN)

  • Central Bank, Govt Disagree Over Removal Of Lawmakers’ Oversight On Public Debt

    (FLOWERBUDNEWS) Zambia’s central bank said on Wednesday it opposed government moves to remove lawmakers’ oversight over acquiring more public debt.

    The Bank of Zambia said in a written submission to parliament in Lusaka that the National Assembly should ensure the government proposed constitutional changes failed.

    “It is our considered view that National Assembly oversight is critical over these important public functions in a democratic dispensation like ours,” the Bank of Zambia said.

    The government proposed constitutional changes in August to remove lawmakers’ right to approve new government loans and the ratification of international treaties – triggering an outcry from rights and opposition groups.

    The government has said the changes are needed to get loans and treaties through when parliament is in recess.

    Opposition politicians have accused President Edgar Lungu of trying to crack down on dissent – a charge dismissed by the government.

    The proposed changes come as the government has increased public debt – drawing warnings from the International Monetary Fund.

    A parliamentary committee is receiving submissions on the proposed constitutional amendments before presenting a report to the full assembly for debate.

    The government requires a two-thirds majority in parliament to pass the amendments. No date has been set for a vote.

    The Law Association of Zambia has also taken the matter to the constitutional court seeking to have the draft law withdrawn. (Reuters/NAN)

  • Buhari Presides Over Maiden FEC, As Lieutenants Storm Tribunal

    (FLOWERBUDNEWS)  President Muhammadu Buhari on Wednesday in Abuja presided over maiden Federal Executive Council (FEC) after his inauguration for the second term in office, and challenged the Ministers on service delivery.

    Even as some of his ministers and lieutenants stormed at the Presidential Election Petition Tribunal venue in Abuja to witness the judgement of the tribunal in the petition by Mr. Buhari’s rival and Peoples Democratic Candidate in the February 29 polls, Atiku Abubakar.

    Among the president’s men at the venue is his cousin, Mamman Daura, and his close associate, Isa Funtua.

    While presiding over the FEC, Mr. Buhari charged his ministers to double their efforts to ensure good service delivery to the people.

    He gave reasons for creating new ministries, enjoined the ministers never to fail in meeting the expectations of Nigerians.

    Mr. Buhari particularly challenged the `returning Ministers’ to redouble their efforts in the second term.

    “I expect you all to redouble your efforts in this second term. To enhance service delivery, we decided to restructure some functions which led to the creation of some new ministries.

    “For example, to achieve our goals of economic diversification and inclusive growth we merged the Ministry of Finance with that of Budget and National Planning.

    “We also created the Ministry of Humanitarian Affairs, Disaster Management and Social Development to fully institutionalize our various interventions to support some of the poorest and most distressed citizens of our country,’’ he said.

    While reminding the ministers of the oath they took on Aug. 21, the president urged them to offer selfless service to the nation.

    Those attending the meeting include Vice-President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha and the Head of Service, Mrs Winifred Oyo-Ita.

    Others are National Security Adviser to the President, Babagana Monguno (rtd Maj.-Gen.)  and some presidential aides

    With additional agency report

  • China announces tariff exemptions on 16 categories of U.S. products

    China on Wednesday announced tariff exemptions on 16 categories of goods imported from the U.S., as negotiations to end the countries’ trade war are set to resume.

    U.S. products exempted from Chinese tariffs include lubricating oil, anti-cancer drugs and some solvents, according to a statement by the Chinese Finance Ministry.

    The exemptions come as Chinese and U.S. trade teams have agreed to resume negotiations in early October to end their year-long trade war that is slowing the world economy.

    The exemptions are a “goodwill gesture,” ahead of the talks, state tabloid Global Times said.

    Earlier this month, the U.S. imposed 15-per-cent tariffs on 112 billion dollars’ worth of Chinese goods, including televisions, books, nappies and sports shoes.

    At the same time, Chinese tariffs of 5 and 10 per cent targeting around 75 billion dollars of U.S. goods came into force.

    The moves were the latest in an escalating trade war in which Washington accuses Beijing of unfair trade practices, intellectual property theft and unequal access to the Chinese market for foreign and domestic firms.

  • Enugu govt. approves Nov. 23 for 2nd Coal City International Marathon

    (FLOWERBUDNEWS)  Enugu State Government has approved the 2nd edition of Coal City International Half-Marathon to be held within Enugu metropolis in November.

    Inaugurating members of 2019 Coal City International Marathon Organising Committee on Tuesday in Enugu, Permanent Secretary,  Enugu State Ministry of Youths and Sports, Henrietta Ani, said the marathon would hold on Nov. 23.

    Ani charged members of the committee to work for the success of the 2nd edition of the half-marathon, adding that Zippsports was partnering the ministry to organise the event.

    “Gov. Ifeanyi Ugwuanyi had in June this year approved the state’s hosting of 2019 edition of the Coal City International Marathon.

    ”Today, I am inaugurating you to go out to the field and work for its success,’’ she said.

    The permanent secretary said that local and foreign athletes from different parts of the world would participate in the international marathon.

    Later, Managing Director of Zippsports, Nzube Ndiokwelu, enjoined members of the organising committee to work assiduously for the success of the marathon.

    “We had financial, technical and logistic challenges in the previous edition and will not allow such to repeat.

    “I am enjoining all members of the committee to work for the success of the 2019 marathon edition as  one big family,’’ Ndiokwelu said.

    He explained that Zippsports was the franchise owner and marketer of the marathon, while Enugu State Ministry of Youth and Sports is providing the platform as other interested marketers were invited to market the marathon.

    Responding, co-Chairman of the committee and Chairman of Enugu State Athletics Association, Mbonu Obiukwu, said the committee would overcome the problems encountered in the maiden edition of the marathon in 2019. (NAN)

  • IGP vows to extend police anti-cultism campaign to 36 states, FCT

    Inspector-General of Police (IGP), Mohammed Adamu, has assured that the Police Campaign Against Cultism and Other Vices (POCACOV) will cover all the 36 states and the FCT.

    Adamu gave the assurance on Wednesday in a statement released by the National Coordinator of POCACOV, SP Ebere Amaraizu, in Enugu.

    According to the statement, Adamu while meeting with the POCACOV team in Abuja, said that his administration would take appropriate measures at ensuring that the campaign succeeds.

    “I must commend the National Coordinator of POCACOV, SP Ebere Amaraizu and his team over the successful national flag-off of the campaign which took place in Enugu on August 29.

    “As well, overwhelming reach out they have done to seek support and partnership for the campaign so far,’’ the statement quoted the IGP as saying.

    Amaraizu had in response thanked the police boss for giving the team the opportunity to serve and transform the life-style and views of misguided Nigerian youths, the statement said.

    “We are appreciative of the numerous support and commitment of the IG to see that the campaign succeeds nationwide.’’

  • Gold prices snap four-day losing streak; focus on ECB meeting

    Gold prices edged up on Wednesday, snapping a four-day losing streak on technical buying, amid expectations that the European Central Bank (ECB) will dole out stimulus and cut interest rates.

    Spot gold was up 0.5 per cent at $1,493.50 per ounce, as of 0611 GMT.

    In the previous session, prices fell to their lowest since Aug. 13 at $1,483.90.

    U.S. gold futures were up 0.2 per cent at $1,502.2 an ounce.

    “The ECB is expected to reduce further the interest rate into negative territory.

    “The meeting could serve as a potential catalyst (for gold) and investors are already buying into the rate cut expectations,’’ said Margaret Yang Yan, a market analyst at CMC Markets.

    Given that gold has had such a deep correction from its recent peak, investors are buying on dips, Yan added.

    Bullion prices have shed more than four per cent or over $60, since scaling an over six-year peak of $1,557 on Sept. 4.

    Risk sentiment got a lift ahead of monetary policy decisions by the ECB on Thursday and the U.S. Federal Reserve next week, with investors hoping for further easing amid a slowdown in global growth.

    Market participants might be reluctant to commit to big risk-on bets, which could nudge gold upwards amid pre-positioning ahead of Thursday’s event, said Ilya Spivak, Senior Currency Strategist at DailyFx.

    ECB policymakers are leaning toward a package that includes a rate cut, a pledge to keep rates low for longer and compensation for banks over the side-effects of negative rates, five sources familiar with the discussion said last week.

    Fundamental backdrop is still broadly gold-supportive, considering the main sources of risk aversion remain unresolved, Spivak added.

    “Both Brexit and the U.S.-China trade war are ongoing concerns, as is the broader slowdown in global growth … that probably encourages central banks to remain dovish.’’

    Gold prices gained about 18 per cent, or over $200, since hitting year’s low of $1,265.85 on May 2.

    On the trade front, a senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the trade dispute.

    Spot gold still targets $1,453 as it has cleared a support at $1,497 per ounce, according to Reuters’ Technical Analyst, Wang Tao.

    Meanwhile, the dollar index was steady, while Asian stock markets held firm and bond yields rose on Wednesday.

    Among other precious metals, silver gained 1.1 per cent to $18.21 per ounce, having hit a two-week low of $17.75 in the previous session.

    Palladium was up 0.3 per cent at $1,566.28 per ounce, while platinum climbed 1.2 per cent to $941.35.