Connect with us

Business

Minimum wage: Atiku to pay his workers N33,000

Published

on

Atiku

Atiku

Former Vice President and the presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, has directed the implementation of N33,000 minimum wage to all employees in his companies.

The directive was issued to heads of business units of companies owned by the former vice president and was to take immediate effect.

Muhammad El-Yakub, the Managing Director Gotel Communications, a company promoted by the former vice president in his home state in Adamawa, said the implementation of the payment would commence after a meeting with union officials.

He said the directive affected Gotel Communications and other companies owned by the former vice president.

He said, “Former Vice President Atiku Abubakar, the Wazirin Adamawa,has ordered the implementation of N33,000 new minimum wage to workers in all of the businesses owned by him.

“The directive is with immediate effect and will be implemented across all the businesses owned by the former vice president.”

Facebook Comments

Business

2019 budget: Buhari’s appointee, Ben Akabueze confirms Nigeria is facing serious financial challenges

Published

on

Ben Akabueze

Ben Akabueze


Director-General of the Budget Office, Mr. Ben Akabueze, has said that the nation is facing financial challenges, with the Federal Government’s budgeted Independent Revenue performing at a mere 36 per cent, as of September.

Addressing Chief Executive Officers of Government-Owned Enterprises, GOEs, in Abuja, yesterday, Akabueze blamed the challenges on the refusal of some Federal Government organisations to remit revenue to the treasury up to the tune of N2.81 trillion.

The figure came from a long list of 50 defaulting GOEs with unremitted revenues in the current year, as well as those brought forward from previous years.

Top on the list were Petroleum Products Pricing Regulatory Agency, PPPRA, with N1.343 trillion; Central Bank of Nigeria, CBN, with N801 billion; Nigeria Ports Authority, NPA, with N192. 102 billion; Nigerian Maritime Administration and Safety Agency, NIMASA, N66.081 and Federal Airports Authority of Nigeria, FAAN, N51.991 billion.

Others among the largest debtors were NIPOST, N37.744 billion; Nigeria Communications Commission, NCC, N30.853 billion, National Inland WaterWays Authority, NIWA, N30. 834 billion, National Information Technology Development Agency, NITDA, N30.709 billion and Nigeria Airspace Management Agency, NAMA, N22.799 billion.

Speaking, the DMO boss said the country was battling a shortfall in revenue which is worsened by failure of Federal Government organizations to remit about N2.810 trillion.

Akabueze said: “Nigeria faces significant medium-term fiscal challenges, especially with respect to revenue generation. The FY 2017 and Jan-Sept 2018 budget performance clearly reveal that we have a serious revenue challenge.”

He condemned the practice by the GOEs, in which he said the Federal Government had invested over N40 trillion, over the years but failed to provide revenue support for government expenditure.

He said: “Despite huge sums the Federal Government has invested (circa N40 trillion) in these agencies, what is usually remitted to the Treasury in terms of dividend or surplus at the end of each operating year is mostly insignificant.

“The record shows that few of the GOEs declare surpluses. In effect, the Nigerian tax payers/general public have not benefited much from these investments in the agencies.

“Out of the total projected sum of N847.95 billion Independent Revenues in 2018, only N302.66 billion, representing 36.8% performance, had been achieved by September this year.”

He further said that key reforms would be implemented with increased vigour to improve revenue collection and expenditure management.

Facebook Comments
Continue Reading

Business

Perform or get fired – EEDC chairman, Emeka Ofor to staff

Published

on


The Enugu Electricity Distribution Company, EEDC, has declared that it would no longer condone incompetent members of staff.

It has, therefore, vowed that such staff would be disengaged and new ones recruited to meet the company’s target of quality service to the people.

The chairman of the company, Chief Emeka Ofor, made this known during the EEDC maiden special recognition of some of its staff.

At the event held in Enugu, Chief Ofor commended the 22 members of staff for their efforts to improve the service delivery to customers, urging them to double their effort to support the company.

Offor, who lamented the huge amount invested in the company without any dividend for five years, disclosed that the company has only achieved 6% of its target in 5 years.

He said that some staff contributed to the loss as they connived with customers who don’t want to pay their bill and turn their eyes from what they were supposed to do.

“Today, we are at the final stage of 2018; we took over this company in November 2013. When the Federal Government, FG, was handing over the company to us, the intention was that the Disco will make progress and since then, we have been having a lot of issues.

“From 2013 to 2018 is 5 years and we have been able to achieve 6% of our target, which means what we are achieving is not acceptable before me.

“We have a lot of issues that we are passing through because you have people who are not doing exactly what they should do,”he said..

Bemoaning the high rate of power theft, he said, “We have members of staff who connive with customers who don’t want to pay their bills, we have some who are neck deep in corruption, we have some who turn their eyes in what they are supposed to do and do illegal connections, that is what is causing these problems,”

“I have no regret but by January 2019, the game is going to change and it must change for good. We have people who are doing these works and you can see that some of those people are inefficient and not doing what they are supposed to be doing. We will have no option, instead of keeping these people, we will look for competent hands to support the company or else we lose the investment”, Ofor said.

Earlier in an address by the Managing director, Okey Nwosu, commended the beneficiaries for their effort towards achieving success and urged those who couldn’t meet the criteria to show commitment.

Nwosu regretted the death of one of the staff in the line of duty and disclosed that the company had launched safety initiative to make sure that the staff would be completely accident free while discharging their duties.

He pointed out that the company would make the safety tips discussion as the first interaction in any gathering by the company to allow the staff internalise the important of safety.

Nwosa, who disclosed that the company would become the number one electricity distribution company in the country, stated that they would use all the indices to attain success.

Facebook Comments
Continue Reading

Business

2019 Budget Presentation: NANS appeal to PASAN to shelve strike

Published

on


The National Asoociation of Nigerian Students (NANS), has appealed to National Assembly Workers, under the aegis of Parliamentary Staff Association of Nigeria (PASAN), to shelve their ongoing strike.

Business activities at the National Assembly complex ,Abuja was paralysed on Monday, as members of PASAN commenced a 4-day warning strike which will run till Thursday.

The National Assembly workers are demanding payment of their outstanding salary arrears, allowances and other welfare packages.

NANS National Public Relations Officer, Mr Bestman Okereafor, made the appeal in in Enugu.

Okereafor said that the ongoing strike would cause a major setback as regards the 2019 National Budget Presentation by President Muhammadu Buhari on Wednesday, to a joint session of parliamentarians.

He noted that if not checked, the strike would affect the 2019 appropriation if relevant agencies and government offices concerned do not find lasting solutions to the demand of the PASAN members.

According to him, this is coming in the face of the consistent industrial actions embarked upon by various unions in the different sectors, especially in the education sector.

NAN’s image maker expressed concern that the negative development of the various strike in the education sector was becoming absolutely unbearable for Nigerian students.

“It is no more news that the Academic Staff Union Of Polytechnics (ASUP) has also joined the league, even as Academic Staff Union of Universities (ASUU) is still on strike.

“Yet, PASAN has shut down the National Assembly over a mirage of issues and this shut down will definitely affect the proposed 2019 Budget Presentation by Mr President on Dec. 19.

“If the presentation is delayed and presented next year, there will be spiral negative effect of the late presentation on our economy generally,’’ he said.

Facebook Comments
Continue Reading

Latest News

Abubakar Atiku Abubakar Atiku
News16 mins ago

Alex Badeh: Atiku reveals cause of ex-Defence chief’s death, tells Buhari what to do

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has said the assassination of former Chief of Defence...

Ole Gunnar Solskjaer Ole Gunnar Solskjaer
Sport59 mins ago

OFFICIAL: Manchester United appoint Ole Gunnar Solskjaer as interim manager

The Norwegian coach has been installed as the club’s new temporary boss until the end of the current season following...

Crime2 hours ago

Anambra police reunite children kidnapped in Rivers with parents

Police in Anambra State have reunited two boys kidnapped in Rivers State, Jerome Oyechachi and Paul Chijioke aged eight and...

Alex Badeh Alex Badeh
News3 hours ago

Alex Badeh: What death of of Ex-Chief of Defence Staff means – Shehu Sani

The Senator from Kaduna Central, Shehu Sani has reacted to the death of Former Chief of Defence Staff, Alex Sabundu...

Alex Badeh Alex Badeh
News3 hours ago

Alex Badeh: NANS blows hot over murder of ex-Defence Chief

The National Association of Nigerian Students (NANS), on Wednesday condemned the killing of the immediate past Air Chief Marshal, Alex...

APC APC
Politics3 hours ago

2019: Why local government financial autonomy is realisable – APC

The All Progressives Congress, APC, in Akwa Ibom State has insisted that local government financial autonomy proposed in the manifesto...

Business3 hours ago

2019 budget: Buhari’s appointee, Ben Akabueze confirms Nigeria is facing serious financial challenges

Director-General of the Budget Office, Mr. Ben Akabueze, has said that the nation is facing financial challenges, with the Federal...

President Muhammadu Buhari President Muhammadu Buhari
Cover3 hours ago

PMB, 40 Others, Expected At Summit On Violence-free Elections, Friday 21st December 2018

As the 2019 General Elections beckons, President Muhammadu Buhari and 40 other presidential Aspirants are expected to, on Friday, 21...

Atiku Abubakar Atiku Abubakar
News3 hours ago

2019: Atiku speaks on S’East development commission bill, tells Igbo senators what to do

The Presidential candidate of the PDP, Atiku Abubakar, has commended senators from the South East for working hard to realise...

Paul Usoro Paul Usoro
News3 hours ago

Gov Emmanuel charged as EFCC arraigns NBA president, Paul Usoro over Akwa lbom’s N1.4bn

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned Nigerian Bar Association (NBA) President Mr. Paul Usoro (SAN) at...

Lionel Messi Lionel Messi
Sport5 hours ago

I never expected to have so much success, Messi says

FC Barcelona star Lionel Messi on Tuesday said he never expected to have such a successful career after receiving his...

VP AT 2018 AFRICA EUROPE HIGH LEVEL FORUM VP AT 2018 AFRICA EUROPE HIGH LEVEL FORUM
Cover16 hours ago

Osinbajo urges Africa, Europe embrace digital economy

Vice President Yemi Osinbajo has called Africa and Europe to work together to advance and harvest the economic benefits of...

Jimi Agbaje Jimi Agbaje
Politics17 hours ago

2019 election: Pharaoh let my people go – Agbaje blasts Tinubu

The governorship candidate of the Peoples Democratic Party, PDP, in Lagos State, Jimi Agbaje, has described a National Leader of...

Nigerian Army Nigerian Army
News17 hours ago

Plateau unrest: Military taskforce accuses elites of manipulating, misguiding youths into violence

The Special Military Taskforce code named Operation Safe Haven (OPSH), saddled with the responsibility of maintaining peace in Plateau State,...

Adams Oshiomhole, Chairman of APC Adams Oshiomhole, Chairman of APC
News17 hours ago

New minimum wage: Oshiomhole declares stand on N30,000, reveals what Buhari will do

The National Chairman of the All Progressives Congress, APC, Adams Oshiomhole has thrown his weight behind the clamour for a...

Follow Us On Twitter

Metro Daily Nigeria
@MetroDailyNG

  • New post: Alex Badeh: Atiku reveals cause of ex-Defence chief’s death, tells Buhari what to do https://t.co/kmc1PRM37s
    about 16 mins ago
  • OFFICIAL: Manchester United appoint Ole Gunnar Solskjaer as interim manager https://t.co/GiNRhTbOyZ https://t.co/7fg5zdODn0
    about 56 mins ago
  • New post: OFFICIAL: Manchester United appoint Ole Gunnar Solskjaer as interim manager https://t.co/uMZysNZex9
    about 59 mins ago

Facebook

Advertisement

Trending

var infolinks_pid = 3151764; var infolinks_wsid = 0;
%d bloggers like this: