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FG Set to Implement New ₦70,000 Minimum Wage
The Federal Government has announced that it will implement the new ₦70,000 minimum wage, with effect from July 29, 2024.
This development follows the signing of a Memorandum of Understanding (MoU) between the government and the Labour Union on Friday. The agreement also includes the revision of the salary structure for lecturers, doctors, military personnel, and other civil servants.
The announcement was made in a statement released by the Office of the Head of Civil Service of the Federation (HCSF) and signed by the Head of Information and Public Relations, Eno Olotu.
According to the statement, the committee on civil servant salaries has finalised plans for the implementation of the new wage structure from July 29, 2024.
The revision comes as part of resolutions reached during the committee’s meeting held in Abuja. One key recommendation of the committee is the continuation of the wage award, which the Federal Government had previously discontinued, up until July 28, 2024.
The committee, led by the Head of Civil Service of the Federation, Didi Walson-Jack, noted that the government’s decision was informed by the current economic realities facing the country.
Speaking after the MoU signing, Walson-Jack, who also chaired the committee, commended the members for their diligence in executing the task.
She stated, “Both the Trade Union and the Government have agreed on the consequential adjustments in salaries arising from the new minimum wage of ₦70,000.” She added that all committee members reviewed and signed the MoU, which was then handed over to representatives from both sides.
Walson-Jack described the negotiations as one of the shortest and most peaceful in recent times and confirmed that the signed MoU would now be forwarded to the Federal Government for further action.
In his remarks, the National Chairman of the Joint Negotiating Council, Comrade Benjamin Anthony, who represented the Trade Union, expressed satisfaction with the work done by the committee and lauded the leadership of the HCSF for the smooth conduct of the negotiations.
China has announced a sharp increase in tariffs on US imports, raising the rate from 34 percent to 84 percent, in response to new American trade measures that came into effect on Wednesday.
The decision, confirmed by China’s finance ministry, will take effect from 12:01 p.m. on Thursday. It follows the imposition of sweeping new US tariffs under President Donald Trump, including a hefty 104 percent duty on certain Chinese goods.
“The tariff escalation against China by the United States simply piles mistakes on top of mistakes and severely infringes on China’s legitimate rights and interests,” the ministry said in a strongly worded statement, warning of “firm and forceful” countermeasures.
Beijing has long opposed the increasing use of tariffs as a tool in trade disputes, and accused Washington of undermining the multilateral rules-based global trading system.
In a related move, China’s commerce ministry also announced it would blacklist six American artificial intelligence companies, including Shield AI Inc. and Sierra Nevada Corporation. The companies were accused of either supplying arms to Taiwan or collaborating with the island on military technology.
Chairman of the House of Representatives Committee on Federal Roads Maintenance Agency (FERMA), Engr. Aderemi Oseni has expressed deep sorrow over the passing of former Oyo State Governor, Dr. Omololu Olunloyo, describing his death as a monumental loss to the people of Oyo State and Nigeria at large.
In a condolence message made available to the press on Sunday, in Ibadan by his media aide, Idowu Ayodele, the lawmaker eulogised the late elder statesman as a distinguished scholar, consummate public administrator, and one of Nigeria’s most intellectually gifted leaders whose legacy would continue to inspire generations.
Dr. Olunloyo, who served as governor of Oyo State during the Second Republic, was reported dead at the age of 89. He was widely respected for his brilliance, administrative acumen, and unmatched depth in mathematics and public discourse.
Oseni noted that the late governor’s contributions to the development of Oyo State, particularly in the areas of education, governance, and intellectual engagement, are indelible footprints in the sands of time.
“We have lost a gem. Dr. Olunloyo was not just a leader, he was a father figure and a repository of wisdom. His demise is a personal loss to me and all lovers of progress and excellence in our society,” he stated.
While commiserating with the Olunloyo family, the people of Ibadan, and the entire Oyo State, he prayed for the peaceful repose of the departed soul and urged all to take solace in the rich and impactful life he lived.
Member representing Ibarapa East/Ido Federal Constituency in the House of Representatives and Chairman, House Committee on Federal Roads Maintenance Agency (FERMA), Engr. Aderemi Oseni has extended his heartfelt congratulations to Chief Sulaimon Ajeniyi Ajewole and other members of the Central Council of Ibadan Indigenes (CCII) executives on their re-election.
Chief Ajewole was returned as the President-General of the apex Ibadan socio-cultural association, alongside other members of the executive council, who were all given the mandate to continue piloting the affairs of the association for another two-year term.
In a congratulatory message issued through his media aide, Idowu Ayodele, Oseni described the re-election of the Ajewole-led team as a reflection of the trust and confidence reposed in their leadership by the Ibadan indigenes at home and in the diaspora.
He commended the CCII leadership for its unwavering commitment to the progress, unity, and cultural advancement of Ibadanland while expressing optimism that the renewed mandate would further propel the association to greater heights.
“The re-election of Chief Ajewole and his team is not only a testament to their sterling performance over the last term but also an affirmation of their capacity to continue serving the interest of Ibadan indigenes. I extend my warmest congratulations and best wishes for a more impactful tenure,” he said.
The lawmaker further assured the CCII of his continued support for any initiative geared towards the development of Ibadanland and the preservation of its rich heritage.
The CCII is renowned for its pivotal role in mobilising Ibadan sons and daughters towards the socio-economic development of the65 ancient city and beyond.
