Minimum wage
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•Does not believe in price controls •Has no regrets removing subsidy •Says borrowing not a crime •Tax reforms have come to stay, but open to negotiations on VAT •Expresses confidence in his security architecture •Insists reforms not designed to inflict pains on Nigerians, necessary for growth •Says he has met obligations without recourse to NNPCL…
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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the management of Dangote Refinery for crashing the price of its petrol to N899.50K per litre. In a statement on Thursday, PETROAN spokesman, Joseph Obele, described the move as a significant relief for motorists and Nigerians at large. “This price reduction, a decrease…
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The minimum wage for those aged 21 years and over will rise by 6.7% to £12.21 – with pay for those aged 18 to 20 set to go up by 16.3% to £10 an hour. Chancellor Rachel Reeves has confirmed the increases ahead of Wednesday’s budget, and they will take effect from April 2025. The government…
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President Bola Ahmed Tinubu has said the Federal Government will find ways to assist states and private sector organizations to pay the newly approved N70,000 national minimum wage. Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, disclosed this in a statement on Thursday. MEZIESBLOG reports that Tinubu announced a N70,000 minimum…
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Governors of the 36 states of the Federation have rejected the N60,000 minimum wage proposed by the Federal Government. This was disclosed in a statement on Friday by the Director Media and Public Affairs of the Nigeria Governors’ Forum, NGF, Hajiya Halimah Salihu Ahmed. The governors said the N60,000 wage is not realistic and unsustainable.…
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The Trade Union Congress, TUC, has vowed to reject little addition to the N60,000 new minimum wage offered by the Nigerian government. TUC President Festus Osifo disclosed this on Tuesday while featuring on Channels Television’s Politics Today programme. According to Osifo: “We also told them that it’s not that we’d get to the table and…
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The Organised Labour comprising the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) has reiterated its May 31, 2024 ultimatum to the Federal Government to meet all of its demands which includes implementation of a new national minimum wage and reversal of the hike in electricity tariff. This followed a Monday emergency meeting of…
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Pope Francis expressed support for a universal basic wage during the coronavirus crisis in an Easter letter he wrote to representatives of social movements and organizations worldwide. “This may be the time to consider a universal basic wage which would acknowledge and dignify the noble, essential tasks you carry out,” the pope wrote. “It would ensure…
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The U.S. House of Reps has struck again. Barely a day after addressing two hot-button issues, the legislative body voted Thursday to increase the US minimum wage to $15 by 2025. The 231-199 vote fell mostly on party lines and showed that centrist and liberal Democrats can still compromise, the Hill reports. Liberals won by getting the wage…
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As part of the efforts aimed at improving employees’ welfare, Amazon made headlines this week with its $15 per hour minimum wage for U.S. workers only. Image shows Jeff Bezos, Amazon founder and CEO Although Amazon’s new pay doubles the federal minimum wage of $7.25, the online giant was criticized for withdrawing bonuses, including…
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