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7 Things FG, Labour Agreed On Before Suspending Strike

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The Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC) have suspended their planned industrial strike scheduled to take off on Wednesday.

This happened after a dialogue with the federal government on Monday night.

The meeting resulted in the signing of a documented agreement between the two labour unions and the federal government.

The document, obtained by FIJ, showed that the labour unions agreed to shelve their intended action following an agreement that the government would constitute some committees to look into the contentious issues.

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Resolution of engagement between the Trade Union Congress (TUC), the Nigeria Labour Congress (NLC) and the Federal Government to resolve the issues associated with the removal of subsidy on premium motor spirit (petrol) on June 5, 2023.

Following the engagements between the federal government, TUC and the NLC, with the intervention of the Speaker, House of Representatives, to resolve the disputes that arose from the withdrawal of subsidy on PMS, the following resolutions were reached.

1 The federal government, the TUC and the NLC to establish a joint committee to review the proposal for any wage increase or award and establish a framework and timeline for implementation.

2. The federal government, the TUC and the NLC to review World Bank-financed cash transfer scheme and propose inclusion of low-income earners in the program.

3. The federal government, the TUC and the NLC to revive the CNG conversion program earlier agreed with the labour centres in 2021 and work out detailed implementation and timing.

4. The labour centres and the federal government to review issues hindering effective delivery in the education sector and propose solutions for implementation.

5. The labour centres and the federal government to review and establish the framework for completion of the rehabilitation of the nation’s refineries.

6. The federal government to provide a framework for the maintenance of roads and expansion of rail networks across the country.

7. All other demands submitted by the TUC to the federal government will be assessed by the joint committee.

Consequently, the parties agreed as follows:

A. The NLC to suspend the notice of strike forthwith to enable further consultations.

B. The TUC and the NLC to continue the ongoing engagements with the federal government and secure closure on the resolutions above.

C. The labour centres and the federal government to meet on June 19, 2023, to agree on an implementation framework.

Festus Osifo, the TUC president; and Joseph Ajaero, the NLC president; were parts of the unions’ representatives who signed the agreement, while Femi Gbajabiamila, Speaker of the House of Representatives, endorsed the communique on behalf of the federal government.

The unions’ grouse with the government emanated from the removal of petrol subsidies, which has sparked fears in the nation.

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I Still Get Attacked By People – Yakubu Aiyegbeni Reveals

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In a recent interview, former Nigerian football star Yakubu Aiyegbeni has revealed that he continues to receive messages and criticisms from fans, years after his infamous miss during the 2010 FIFA World Cup match against South Korea.

The moment, etched into football history, occurred during Nigeria’s crucial group stage game against South Korea. With the score tied at 2-2 and a spot in the knockout stages on the line, Aiyegbeni found himself with what seemed like an open goal opportunity. However, to the shock of fans worldwide, he missed the chance, leaving Nigeria unable to secure the much-needed victory.

Despite this moment happening over a decade ago, Aiyegbeni expressed his surprise at the ongoing messages he receives about the miss. “I still get messages from people, different messages,” he stated in the interview. “It’s surprising how that moment still sticks with people, even after all these years.”

The striker, who had a successful career playing for clubs like Everton and Portsmouth in the English Premier League, admitted that the miss was a tough moment in his career. “Of course, it was a big moment, and I wish it had gone differently. But in football, you have highs and lows,” he remarked.

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Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN

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AGAINST the backdrop of sustained pressure in the foreign exchange market and high cost of production, the Manufacturers Association of Nigeria, MAN has indicated that inventory of unsold goods is escalating to levels now threatening the existence of companies operating in the production sector of the economy with attendant job losses.

Findings show that as of the weekend the foreign exchange market had recorded over 254 per cent plunge in the value of the naira since flotation of the currency by the Central Bank of Nigeria (CBN) in June 2023.

Recall that the naira traded for N471 per dollar in the official I&E market on June 13, 2023 before the floatation of the currency, but exchanged for N1,665.50 to a dollar as at February 23, 2024 on the Nigerian Foreign Exchange Market (NAFEM), indicating a depreciation of more than 253.6 per cent over the eight-month period. The forex crisis is also stoking inflation, and coupled with high energy costs, purchasing power has continued plummet, stifling demand for goods.

Speaking on the impact of this development on the manufacturing sector, Director General, MAN, Segun Ajayi-Kadir, said: “There are reports that across the board, many warehouses and plants of many manufacturing firms are stockpiled with unsold goods manufactured last year. “The development is as a result of the devastating effects of the exchange rate crisis, inflation, fake and sub-standard goods, smuggling and other macro-economics challenges.”

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