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    MarketForces Africa » MarketForces News » FG Committed to Implementing Agreement With Labour

    FG Committed to Implementing Agreement With Labour

    Julius AlagbeBy Julius AlagbeFebruary 22, 2024 News No Comments3 Mins Read
    FG Committed to Implementing Agreement With Labour
    President Bola Ahmed Tinubu
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    FG Committed to Implementing Agreement With Labour

    The Federal Government says it is committed to implementing the agreements it entered with organised labour on the general welfare of workers and other issues

    The government’s position is contained in a  statement issued by Mr Segun Imohiosen Director Information, office of the Secretary to the Government of the Federation (SGF) on Tuesday in Abuja.

    Imohiosen said the federal government reviewed the commitments made with the organised labour at a meeting attended by  the Minister of State, Labour and Employment, Nkeiruka Onyejeocha and other dignitaries.

    He disclosed that  substantial progress had been made in the agreements including payment of four months from six months wage award promised to the organised labour

    “From the payment of wage award of N35,000 for six months, government had so far paid for four months up to  Dec. 31 2023.

    “The  remaining two months of January and February, 2024 is being processed,” he said

    The Director said the federal government had also inaugurated a 37-member Minimum Wage Committee to review and come up with an acceptable and sustainable minimum wage for the Nigerian workers.

    “The Committee has so far held two meetings and discussions are ongoing,” he said.

    On the provision of CNG Buses and conversion kits, he said government had so far made substantial financial commitments.

    According to him, the buses would be rolled out in no distance time to alleviate the transportation challenges being faced by Nigerians.

    He said government had implemented the suspension of collection of Value Added Tax (VAT) on Diesel for six months beginning from Oct. 2023.

    On the leadership crises rocking NURTW and RTEAN, Imohiosen said government waded into the matter and the issue had been amicably resolved.

    ” The Lagos state government was mandated to address the matter and as we speak, the executive body of the union has been inaugurated and all contending issues  resolved.

    “With respect to the outstanding salaries and wages of tertiary education workers in federal owned educational institutions, government has paid the four months outstanding salaries to ASUU in full.

    “Action is ongoing with respect to other Unions as well.m,” he said

    Imohiosen said over three million households, including vulnerable pensioners had benefitted from the N25,000 monthly conditional cash transfer.

    He said over N68.3 billion had been disbursed before the temporary suspension of the programme.

    “With respect to the issue of subsidised distribution of fertilizers to farmers across the country, government has made tremendous progress in this regard to ensure effective distribution to boast agricultural production.

    “Government has constantly engaged various state governments and the private sector on the issue of the implementation of wage award for their workers.

    To ascertain the level of rehabilitation of the refineries in the country,  Imohiosen said a joint visitation by government and organised labour was successfully was carried, Feb 21.

    He disclosed that from the visitation, the Port-Harcourt Refinery is 80 per cent completed while production of Premium Motor Spirit (PMS) would commence before the end of the year. #FG Committed to Implementing Agreement With Labour

    Gombe Govt Earmarks N5.2bn for Payment of Retirees’ Gratuities

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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