Connect with us

society

FG to spend N3tn on new minimum wage, pensions, gratuities

Published

on

FG to spend N3tn on new minimum wage, pensions, gratuities

FG to spend N3tn on new minimum wage, pensions, gratuities

 

 

The Federal Government is set to spend N3tn on the new minimum wage and the payment of pensions and gratuities.

The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Friday during a meeting with the Senate Committee on Appropriations, chaired by Olamilekan Adeola.

The minister presented the general principles of the newly amended 2024 budget to the committee at the meeting.

Recall that President Bola Tinubu had, after a meeting with the leadership of the Nigeria Labour Congress and the Trade Union Congress on Thursday, approved a new minimum wage of N70,000 for Nigerian workers. The president also pledged to review the national minimum wage law every three years.

 

 

 

The National Assembly, in both chambers, had on Wednesday passed for first and second readings an amendment of N6.2tn to the 2024 budget, increasing the budget size to N33.7tn.

In a letter to the Senate, read in plenary by the Senate President, Godswill Akpabio, Tinubu sought the withdrawal of N3.2tn from the Consolidated Revenue Fund for capital expenditure. Additionally, he requested another N3tn for additional recurrent expenditure for the year ending on December 31, 2024.

For expeditious consideration, the Senate gave the requests presented as executive bills, first and second readings, and mandated its committees on Appropriations and Finance to inject more legislative inputs and report back within a week. In his lead debate on the Appropriation Amendment Bill, the Senate Leader, Opeyemi Bamidele, said the amendment sought to authorise the issuance of N3.2tn for capital expenditure and N3tn for recurrent expenditure from the consolidated fund. He explained that this would help fund capital infrastructure development, education, healthcare access, and public welfare initiatives.

 

 

 

Senator Adamu Aliero supported the bills, citing the need to fund the expected minimum wage for workers. Senator Adams Oshiomhole emphasised the necessity of funding the personnel costs arising from the minimum wage adjustment. He stressed that the increase in personnel expenditure must be legally backed to prevent financial shortfalls.

During the Friday meeting with the Senate Committee on Appropriations, the minister noted that the new budget additions would not be funded by loans but by an already reserved profit.

Bagudu explained that priorities were given to projects that would open up roads for investments and emergencies, while other road projects would be addressed in subsequent batches. He highlighted the country’s historical underinvestment in infrastructure as a root cause of recent problems and commended President Tinubu for addressing the infrastructure deficit.

Bagudu assured that the Federal Executive Council would continue to approve funding for other road projects as funds become available. He provided a sectoral overview of the N3.2tn for the Renewed Hope Infrastructure Projects and the N3tn increase in the recurrent component of the budget.

Senator Adeola affirmed the government’s capacity to finance the 2024 budget and requested a detailed breakdown of the N6.2tn approval.

This breakdown, to be submitted next week, will be debated by both chambers of the National Assembly. Senate Spokesperson, Senator Yemi Adaramodu, confirmed that ministries, departments, and agencies would defend their budget allocations before the relevant Senate committees.

The recurrent budget of N3tn will fund the minimum wage, pensions, and gratuities, while the capital component of N3.2tn will augment existing road projects on state and federal routes, including coastal roads, the Sokoto-Badagry road, railway construction, and dam irrigation.

Continue Reading
Advertisement

society

OTUNBA WASIU JAIYEOLA BAGS TASUED’S DOCTORATE DEGREE

Published

on

OTUNBA WASIU JAIYEOLA BAGS TASUED’S DOCTORATE DEGREE

 

In recognition of his impactful contributions to clothing and textile industry in Ogun state in particular and Nigeria in general, the Governing Council of Tai Solarin University of Education, ijagun is set to honour the Founder of Wessy Creations, Otunba Jaiyeola Wasiu, with the Doctor of Science, D.sc Ed (Honoris causa) in Textile and Clothing.

The letter of conferment of the award dated September 30, 2024 with reference number TASUED/REG.122/VOL.1/006 and signed by the Vice-Chancellor of the institution, Prof. Oluwole Banjo, indicated that: “The Award is in recognition of your passion for education, and numerous contributions to the advancement of human race in general.”

The letter reads further: “The University takes special recognition of your numerous professional achievements and community services, including your exemplary leadership roles in our Nation as an elder statesman whose modest achievements and accomplishments represent the idea of integrity and selflessness, which our University stand for.
“The University joins well-meaning Nigerians in celebrating your humble, worthy, and outstanding legacies in the service of humanity.
“We also congratulate you and your family on your many notable achievements in life”.

The conferment ceremony is slated for Thursday, 28th November, 2024 at the School Auditorium in Ijagun, Ijebu-Ode, Ogun State.

Continue Reading

society

Family Pleads With FG to save brother in South African prison

Published

on

Family Pleads With FG to save brother in South African prison

Family Pleads With FG to save brother in South African prison

 

The family of a Nigerian businessman, Olatunji Abdul, imprisoned in South Africa, has called on the Nigerian government and the Chairperson of the Nigerians in Diaspora Commission, Mrs Abike Dabiri-Erewa, to intervene and save his life urgently.

The family, at a press conference on Thursday at Ikeja, alleged that Olatunji, a businessman and humanitarian, who has been held in a South African prison since 2019, is a victim of false charges allegedly orchestrated by state agents and xenophobic business rivals and that he is facing imminent danger.

PUNCH Metro gathered that through a petition submitted by the founder of Zarephath Aid, Ben Abraham, an international criminal justice organisation, the family narrated the ordeal of the Osun State-born entrepreneur.

 

Abdul, who relocated to South Africa in 2009, established himself as a prominent figure in the hospitality and tourism sectors.

According to the family, as the founder and CEO of Hydro Club, a leading hospitality consultancy in Johannesburg, he provided employment opportunities for Nigerians and supported businesses, students, and tourists in the diaspora.

However, his family believes his success made him a target for xenophobic competitors and corrupt officials.

 

Olatunji’s brother, Sesan, revealed that in 2019, these forces allegedly initiated a scheme, called “#DestroyAbdul,” aimed at destroying his reputation and business ventures.

Sesan claimed that this led to his wrongful arrest, denial of bail, and coercion into providing false confessions.

“In 2020, Olatunji was convicted on charges of theft and sentenced to 15 years in prison, a sentence his supporters insist was based on fabricated evidence.’

“Despite being granted leave to appeal his sentence in November 2024, Abdul is said to be facing further challenges as his efforts to secure legal representation for his appeal have been thwarted.

 

“Several lawyers have reportedly withdrawn from his case due to threats and intimidation, leaving him to represent himself in court,” he said.

His family further stated that his situation is worsening, with fears of poisoning in prison and the confiscation of his laptop, which he needed for legal preparation.

The family, along with Zarephath Aid, appealed to the FG to act swiftly to prevent Olatunji’s death.

 

“If nothing is done, we risk losing a man who has brought pride to Nigeria and significantly contributed to the Nigerian diaspora.”

The petition reads. “Abdul is not a criminal; he is a victim of a malicious plot to destroy him.”

Olatunji’s physical and emotional health has reportedly deteriorated.

His family added that without intervention, his life remains in grave danger.

“This is not just about Abdul,” said Ben Abraham of Zarephath Aid. “It is about protecting Nigerians abroad who face unjust persecution despite their positive contributions.

 

“Abdul is an example of what Nigerians can achieve, and he deserves the protection of his country,” he said.

“Abdul is not just a businessman; he is a father, a son, and a role model for Nigerians in the diaspora. Nigeria must act now to bring him home,” the family stated.

 

 

Continue Reading

society

How Visiting US-based Nigerian bought nine drugs before death 

Published

on

How Visiting US-based Nigerian bought nine drugs before death 

How Visiting US-based Nigerian bought nine drugs before death

 

The Ogun State Police Command on Thursday said it found nine different drugs and medications in the hotel room of the visiting US-based 51-year-old Sunday Abidoye whose lifeless body was discovered at the Creestar Hotel room, GRA, Sagamu, on Wednesday.

The command’s spokesperson, SP Omolola Odutola, disclosed this in a statement on Thursday to confirm Abidoye’s death.

Odutola explained that the Chief Security Officer of the hotel, one Mr Oluwole, reported the incident regarding the discovery of the deceased customer to the police, five days after his arrival from the United States of America.

She said on receiving the report, a team of detectives visited the scene and on arrival, found the body of the deceased already placed inside a car outside the hotel, being prepared to be taken to the morgue by his family.

 

Odutola said that the deceased’s brother, Jimoh Godday, residing in Imota, Lagos State, informed the police team that his brother had arrived in Nigeria from the USA on Saturday, November 16, 2024.

 

She explained further that Godday said he had called at the hotel on Monday and knocked on Room 109, where his brother was staying, but got no response after which he requested a spare key from the manager to enter the room, where they discovered his brother’s lifeless body.

Odutola said, “Photos were taken, and various drugs and traditional medicines were recovered from the room.

 

“The centre of the bed was soaked with a liquid-like substance. A friend of the deceased, Ogunmonti Ogunwole, confirmed that he accompanied his friend, Sunday, to purchase nine different types of medication the previous day due to his complaints of illness.

“The body has since been evacuated to OOUTH morgue in Sagamu for an autopsy.

“No known cause of death yet, and the case will be transferred to the State Criminal Investigation Department for discreet investigation.”

 

 

Continue Reading

Cover Of The Week

Trending