In a significant diplomatic engagement, Saudi Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud has assured Nigeria of robust support for its ongoing economic reform programmes.

 

He gave this assurance during a bilateral meeting with President Bola Ahmed Tinubu on Monday in Riyadh,  on the sidelines of the joint Arab-Islamic Summit.

The high-level discussion between the two leaders focused on expanding cooperation in key sectors, including oil and gas, agriculture, and infrastructure.

They also discussed the establishment of the Saudi-Nigeria Business Council, which aims to bolster trade and investment ties between the nations.

 

Notably, Nigeria is seeking a $5 billion bilateral trade agreement with Saudi Arabia to further stimulate economic growth.

One of the standout points of collaboration is the involvement of the Saudi Agricultural and Livestock Investment Company (SALIC), which made a substantial investment of $1.24 billion in 2022 to acquire a 35.43% stake in Nigeria’s Olam Agri.

Current negotiations seek to increase SALIC’s participation in the firm, enhancing its potential to become a global agro-allied leader.

The Crown Prince also lauded President Tinubu’s economic reforms, drawing parallels to the strategies he employed to fortify Saudi Arabia’s growth when he assumed the position of Prime Minister.

 

He expressed confidence in the partnership and committed to ensuring that discussions from the meeting materialize into actionable projects.

In attendance at the meeting were Prince Abdullah bin Bandar bin Abdulaziz, the Saudi Minister of National Guard, Prince Khalid bin Salman bin Abdulaziz, the Minister of Defense, along with senior officials.

Separately, the joint Arab-Islamic Summit, convened in Riyadh on November 11, 2024, has renewed the mandate of Nigeria and other member states on the Ministerial Committee.

 

This committee, originally established during the first summit in 2023, is tasked with seeking solutions to the conflict in Gaza and Lebanon.

 

The resolution urged the committee to amplify efforts and extend its diplomatic activities to address the aggression affecting Lebanon, with periodic progress reports to be shared with member states by the OIC and League of Arab States.

The committee, led by Saudi Arabia and comprising foreign ministers from Nigeria, Egypt, Qatar, Turkey, Indonesia, Palestine, and Jordan, is set to deepen engagement with leaders across the Global South to build broader international consensus aimed at ending hostilities and the Israeli occupation.

The summit’s resolutions highlight a collective push towards peace and stability in the region, reflecting shared aspirations among participating nations.

Former Vice President Atiku Abubakar has called on members of the Peoples Democratic Party (PDP) in Ondo State to mobilize overwhelming support for the victory of the party in the governorship election coming up on Saturday.

The former Vice President, in a press statement on Tuesday signed by his media adviser, Paul Ibe, noted that the PDP flag bearer in the election, Hon. Agboola Ajayi is a consummate politician who has what it takes to not only galvanize the party to victory in the election but also improve the lot of the people of the Sunshine State.

 

The governorship election that is coming up in Ondo State this Saturday presents an opportunity for the people of Ondo State to elevate the condition of the state into increased prosperity.

“The APC, as it has been made clear to everyone, is a grossly unpopular party which does not have the interest of the people as a core objective.

“The people of Ondo State have an opportunity in Hon. Ajayi of the PDP to tell the APC that enough is enough.

“As leaders of the party, we shall provide all necessary support to ensure that the APC is not allowed to repress the wishes of the electorate in this election.

“This is also a sound warning to all election management officials and volunteers that the PDP will stand firmly against any malpractice in the Ondo governorship election,” Atiku added.

The former Vice President, however, called on the people of the Sunshine State to come out in large numbers to cast their ballot and also make sure that their ballots count.

“When the tide is high, it becomes too big to rig. The people of Ondo State are known for their forthrightness, and this particular election calls for eternal vigilance,” Atiku noted.

Ekperikpe Ekpo, the minister of state for petroleum resources (gas), says Nigeria has signed a $1.2 billion contract with China National Chemical Engineering (CNCEC) to revamp a gas processing plant in Akwa Ibom.

Ekpo, announcing the deal on X on Tuesday, said the gas plant is crucial for the production of aluminium in the country.

He said the contract, signed between CNCEC and BFI Group — the core investor in the Aluminium Smelter Company of Nigeria (ALSCON) — is the first step towards reviving the dormant firm.

The minister also said the deal would see CNCEC resuscitating the 135 million standard cubic feet per day gas processing plant at the dormant smelter, which can produce around 300,000 tons of aluminium annually.

“It brings me great satisfaction to announce a pivotal agreement between BFI Group and CNCEC International to revive the long-dormant 135MMscfd Gas Processing Plant at ALSCON in Ikot Abasi, Akwa Ibom state,” Ekpo said.

“This $1.2 billion investment marks a historic step forward for Nigeria’s industrial sector, placing ALSCON back on the path to becoming a leading aluminium producer for both domestic and international markets, with an annual capacity of 300,000 metric tonnes.

 

“This ‘epoch-making’ partnership reflects the steadfast commitment of President Bola Tinubu to foster investments in natural gas utilization, supporting Nigeria’s industrialization, economic growth, and development.

 

“I commend the collaborative synergy between BFI Group and CNCEC International, as well as the fruitful relationship between the governments of Nigeria and China that is driving this ambitious vision forward.”

 

Ekpo expressed optimism that the agreement would expedite actions necessary to restart the gas processing facility, which will be the first phase to reignite the ALSCON plant.

“The reactivation of ALSCON promises to reshape Nigeria’s aluminium sector, using natural gas to position the country as a significant player in Africa and on the global stage,” he added.

The minister also congratulated the BFI Group and CNCEC International on achieving the significant milestone.

 

He expressed belief that the project would be delivered on time and within budget through the companies’ expertise and dedication.

In September, the federal government announced plans to revive the ALSCON, stressing that when fully operational, the company would contribute to the nation’s economy.

Senator Monday Okphebholo has officially been sworn-in as the Governor of Edo State.

Naija News reports that Dennis Idahosa was also sworn-in as the Deputy Governor of the State.

 

The ceremony took place on Tuesday at the Samuel Ogbemudia Stadium in Benin City, the state capital, two months after the All Progressives Congress (APC) clinched the ticket to the Dennis Osadebay House.

Recall that Okpebholo emergence came after his victory in the September 21, 2024 governorship election in the state, having defeated his closest rival and candidate of the Peoples Democratic Party, Asue Ighodalo.

Okpebholo becomes the fifth governor of the state since the Fourth Republic commenced in 1999.

The ceremony was attended by Vice President Kashim Shettima, Deputy Senate President Jibrin Barau, Deputy Speaker Benjamin Kalu, immediate-past Deptuy Governor Philip Shaibu, Senator Adams Oshiomole, the Minister of Aviation Festus Keyamo, among others.

President Bola Tinubu on Monday in Riyadh, Saudi Arabia called for an end to Israeli aggression in Gaza, warning that
"the conflict in Palestine has persisted for far too long, inflicting immeasurable suffering."

Addressing the extraordinary Arab-Islamic Summit, convened to address the current situation in the Middle East, President Tinubu expressed deep concern on the humanitarian conditions in Gaza.

The one-day summit was a follow-up to the Riyadh summit last year, and was attended by Heads of State and Government of the Organization of Islamic Cooperation (OIC) and the League of Arab States.

Reiterating Nigeria's call for an immediate ceasefire in Gaza, President Tinubu affirmed the country’s support for a two-state solution, where both Israeli and Palestinians can co-exist in security and dignity.

He noted that this solution remained a viable part to lasting peace in the region.

''The conflict in Palestine has persisted for far too long, inflicting immeasurable suffering on countless lives.

''As representatives of nations that value justice, dignity, and the sanctity of human life, we have a moral obligation to collectively bring about an immediate end to this conflict.

''It is not enough to issue empty condemnations. The world must work towards an end to Israeli aggression in Gaza, which has persisted for far too long.

"No political aim, no military strategy, and no security concern should come at the expense of so many innocent lives,'' he said.

The Nigerian leader called on parties in the conflict in the Middle East to respect the principles of proportionality and the basic rights of civilians, consistent with global legal and diplomatic frameworks.

''In a rules-based international order, States have the right of self-defence. But self defence must take proportionality into account, in line with global legal, diplomatic - and moral - frameworks.

''An entire civilian population, their dreams and futures, cannot be dismissed as collateral,'' he said.

Explaining Nigeria's principled and consistent stance on the two-state solution, President Tinubu noted that it stands as a beacon of hope, representing the rights of both Israelis and Palestinians to self-determination and peace.

''It is not just a diplomatic article of faith; it is a vision grounded in the principles of equality and mutual recognition.

''Achieving this vision requires a commitment to dialogue and respect for history. We all know this conflict did not begin on October 7 in 2023. It can only be resolved through principled compromise, based on appreciation of the proper context.

''This conflict, in the cradle of history, is so visceral that the ripples of division spread far and quickly. The corrosive impact of the images of endless violence, repeated on a billion smart phones around the world is huge. We need to find new pathways to peace, without delay,'' he said.

The Nigerian leader commended King Salman of Saudi Arabia and Crown Prince Mohammed bin Salman for convening the summit, describing it as a vital opportunity to renew diplomatic efforts and work toward a sustainable peace.

He assured that Nigeria given its own experiences would continue to support international efforts that advance peace and stability in the Middle East.

''Our own experiences, domestically and regionally, have taught us that identity politics are no substitute for respecting the nuances of diversity,'' he said.

According to President Tinubu ''the path to reconciliation may be fraught with challenges, but it is through honest conversation that we can foster understanding.

''The international community has the opportunity to bring to bear new thinking on this most relentless challenge.

''It is our duty to engage in this dialogue with sincerity and resolve, recognising the complexities that each side faces.''

President Tinubu called for the establishment of a secretariat to implement the resolutions of the Summit.

He urged the leaders to mandate a select Heads of Government to canvass support globally and oversee the implementation of the Summit resolutions, providing regular reports to a joint OIC and Arab League leadership until permanent peace is achieved in the Middle East.

In his opening remarks, Saudi Arabia's Crown Prince Mohammed bin Salman condemned Israeli actions in Gaza and Lebanon, including the targeting of civilians and the continued violation of the Al-Aqsa mosque.

He also condemned Israeli ban on the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) from delivering relief aid to Palestinians and the displacement of Lebanese people.

He emphasized the importance of preserving Lebanon's sovereignty and territorial integrity.

The Crown Prince highlighted Saudi Arabia's role in promoting Palestinian statehood based on the 1967 borders, mentioning international recognition and the establishment of a Global Coalition with the European Union and Norway.

He urged more states to join the Global Coalition.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)

 

The Independent National Electoral Commission, INEC, has delivered sensitive materials for this Saturday’s governorship election in Ondo State.

In a post via its official X handle on Monday, INEC said the materials were transported by the Nigerian Air Force, NAF, and have been received by officials of the Central Bank of Nigeria, CBN.

The post read, “Sensitive materials for the Ondo State governorship election, scheduled for Saturday, 16th November 2024, have arrived in Akure, the state capital, and have been received by officials of the Central Bank of Nigeria.

 

“The materials were conveyed to Akure by the Nigerian Air Force.”

 

Some parts of the Federal Capital Territory (FCT) have suffered a disruption in power supply as suspected vandals have attacked the 330kV Lokoja – Gwagwalada transmission line 1, according to the Transmission Company of Nigeria (TCN).

The TCN in a statement on Sunday said the attack which took place in the early hours of November 9, 2024, affected three of its transmission towers.

“Early on Saturday, TCN engineers attempted to re-energize the 330kV Lokoja–Gwagwalada transmission line 1, but the line tripped. After efforts to reclose the line failed, a patrol team of TCN linesmen was dispatched to physically trace the line for faults. Upon inspection, they discovered that transmission towers T306, T307, and T308 along line 1 had been vandalized, disrupting bulk power transmission along the route.

“Further examination revealed that the vandals had stolen two spans of aluminium conductor from line one. The Lokoja–Gwagwalada line is a double-circuit transmission line, and while TCN is still supplying bulk power through line two, efforts are underway to source replacement aluminium conductors for the two spans stolen from line one”.

TCN noted that “the rising trend of vandalism targeting transmission lines and towers has become a significant challenge, severely impacting the country’s power infrastructure and hindering the expansion and stability of the national grid. This recent incident adds to an alarming pattern of attacks on the transmission network nationwide.

“In the Gwagwalada area alone, recent acts of vandalism include the attack on the Gwagwalada–Kukuwaba–Apo transmission line on 10th December 2023, the Gwagwalada–Katampe line on February 26, 2024, and several others on that axis. Such acts of vandalism continue to disrupt the stability and growth of Nigeria’s national grid.

“We once again appeal to members of the public, especially residents of communities hosting transmission lines and towers, to collaborate with TCN and security operatives in combating this menace. Vandalism of power installations is a disservice to us all and undermines efforts to strengthen the nation’s transmission system”.

TCN did not, however, state which part of Abuja was affected by the supply disruption.

The development comes following incessant grid collapses (11 so far in 2024) that threw millions of homes into darkness across the country.

The total debts of the 36 states in Nigeria rose to N11.47tn as of June 30, 2024, despite allocations by the Federal Accounts Allocation Committee (FAAC), and their respective internally generated revenues (IGR).

An analysis of data from the public debt reports released by the Debt Management Office (DMO) said the rise was 14.57 per cent higher than the N10.01tn recorded in December 2023.

External debt for the states and the Federal Capital Territory also climbed from $4.61bn to $4.89bn within the period under review.

In naira terms, the debts increased by 73.46 per cent, from N4.15tn to N7.2tn, following the devaluation of the naira from N899.39/$1 in December 2023 to N1,470.19/$1 by June 2024.

However, domestic debt for states and the FCT declined from N5.86tn to N4.27tn.

In total, states and the FCT accounted for Nigeria’s public debt of N134.3tn in June 2024, a decrease from their 10.29 per cent share in December 2023, even as their nominal debt levels increased.

 

 

States Debts Surged By 38% To ₦10.01tn In One Year

Channels Television had earlier reported that the sub-national governments continued to grapple with a persistent reliance on borrowing to finance their budgets in 2023, as the total debt stock of the 36 states surged by 38.1%, from N7.25tn in 2022 to N10.01tn.

According to BudgIT’s 2024 State of States report released on Tuesday, the debt growth was partly driven by a N606.12bn increase in domestic debt, resulting in an average year-on-year growth rate of 11.4%. By 31st December 2023.

The total domestic debt stood at N5.86tn.

The situation was further complicated by rising foreign debt, which increased by 4.1%, from $4.43bn in 2022 to $4.61bn in 2023.

According to the report, the liberalisation of the exchange rate exacerbated the financial strain on states, significantly raising their foreign loan repayment obligations in naira terms.

Lagos State remained the most indebted in foreign currency, accounting for 26.9% of the total foreign debt, equivalent to $1.24bn.

 

32 States Relied On FAAC Allocations For 55% Revenue In 2023— Report

The DMO’s report comes after BudgIT’s report said that the 32 states of the federation relied on FAAC  for at least 55 per cent of their total revenue in 2023.

According to the 2024 report released last week, the development paints the over-reliance of state governments on federally distributable revenue and accentuates the vulnerability of the state governments to crude oil-induced shocks and other external shocks.

The report further said that 14 states relied on FAAC receipts for at least 70 per cent of their total revenue. Furthermore, transfers to states from the federation account comprised at least 62 per cent of the recurrent revenue of 34 states, except Lagos and Ogun, while 21 states relied on federal transfers for at least 80 per cent of their recurrent revenue.

In the 2023 fiscal year, the combined revenue of all 36 states in Nigeria increased significantly by 31.2 per cent from N6.6tn in 2022 to N8.66tn.

This growth rate exceeded the previous year’s increase of 28.95 per cent, indicating a notable improvement in fiscal performance.

Of the total revenue generated in 2023, Lagos State contributed N1.24tn, representing 14.32 per cent of the cumulative revenue of the 36 States.

Gross FAAC, which grew by 33.19 per cent from N4.05tn in 2022 to N5.4tn in 2023, contributed to 65 per cent of the year-on-year growth of the combined revenue of the 36 states.

“32 states relied on FAAC receipts for at least 55 per cent of their total revenue, while 14 states relied on FAAC receipts for at least 70 per cent of their total revenue.

“Furthermore, transfers to states from the federation account comprised at least 62 per cent of the recurrent revenue of 34 states, except Lagos and Ogun, while 21 states relied on federal transfers for at least 80 per cent of their recurrent revenue.

“The picture painted above buttresses the over-reliance of the state governments on federally distributable revenue and accentuates their vulnerability to crude oil-induced shocks and other external shocks.”

The report provides a detailed analysis of states’ fiscal sustainability, examining how well they balance internally generated revenue against federal allocations.

IGRs Shoot Up

On Internally Generated Revenue (IGR) by the states, the report said the domestic resource mobilisation capacity of the state governments seemed to improve in 2023, as the 36 states’ IGR grew by 20.33 per cent to N2.19tn from the N1.82tn garnered in 2022.

However, it was mixed fortunes for the states as the growth was unequal across the board: six states grew their IGR by more than 50 per cent, with Zamfara recording the highest growth of 240.22 per cent, while seven states recorded negative IGR growth, with Jigawa recording the worst decline among the 36 states.

Lagos State was the largest contributor to total state revenue, accounting for N1.24tn, or 14.32 per cent of the cumulative revenue.

The report also highlighted that only Lagos and Rivers states were able to generate enough IGR to cover their operating expenses, with IGR-to-operating-cost ratios of 118.39 per cent and 121.26 per cent, respectively.

On the other hand, states such as Akwa Ibom, Bayelsa, and Taraba required over five times their IGR to meet operating expenses, relying heavily on federal transfers and external aid.

BudgIT advised “The fiscal viability and long-term sustainability of the states are largely dependent on their capacity to mobilise revenues internally—leveraging their natural resource endowments, technology, public-private partnerships, human capital, and consequence management adequate enough to finance critical infrastructure, invest in human capital development and social protection, pay the new minimum wage and its consequential adjustments, and amend the broken social contract.

“More specifically, the states would need to digitise revenue collection, eliminate cash-based transactions, deploy tax intelligence to enumerate tax liabilities of entities— particularly high net-worth individuals—and enforce compliance, harmonise its different taxes, levies and fees, fully operationalise its treasury single account, and improve the ease of doing business.”

The Kano State Judicial Service Commission has relieved two Shariah Court Judges, Yusuf Kawu and Abdulmuminu Nuhu, of their duties for various offences bordering on misuse of office.

Naija News reports a magistrate, Nasir Ado, was also dismissed for alleged misconduct.

 

The decisions were taken at the 76th meeting of the Commission based on recommendations by the Judiciary Public Complaint Committee (JPCC).

The spokesperson of the Kano State Judiciary, Baba Jibo Ibrahim, who made the developments known in a statement, revealed that two court registrars, Salisu Nayola and Shamsu Abbas, were also ordered to proceed on compulsory retirements.

He said Magistrate Ado was found guilty of conducting a proceeding without record, and when asked, he falsified and tampered with the record to show that there was a record of the proceeding.

Also, Alkali Yusuf used his position to release a convict who was sentenced by another Alkali to 12 calendar months without option of fine in correctional centre.

According to him, “The Judiciary Public Complaint Committee (JPCC) investigated two petitions filed against Magistrate Nasir Ado, where the investigation revealed that the magistrate conducted a proceeding without record, and when asked, he falsified and tampered with the record to show that there was a record of the proceeding. The commission adopted the recommendation of the JPCC that Nasir Ado’s actions of falsifying and tampering with the court’s records constitute an act of gross misconduct, and accordingly, he is recalled from judicial duties.

“Following a complaint filed against Sharia court judge Yusuf Kawu by the Association of Fighting Criminals, it was confirmed that Alkali Yusuf Kawu used his judicial position to release a convict who was sentenced by another Alkali to 12 calendar months without option of fine in correctional centre. The commission found the actions of Alkali to be unlawful and his defence untenable; consequently, he is recalled from judicial functions indefinitely.

“The commission issued a warning to Magistrate Sanusi Usman Atana following two petitions against him, where he was found to have assumed the role of recovery of premises in a criminal trial and, in the second petition, granted bail to a suspect before the date slated for ruling without notifying the prosecution. Accordingly, the commission issued a strong warning to Sanusi Atana to desist from exceeding his jurisdictional limit and avoid circumventing the established principles of fair hearing in handling matters before him.

“The Judicial Service Commission (JSC) has directed the immediate compulsory retirement of Salisu Adamu Nayola, the Finance Registrar of Kiru Sharia Court, after an investigation by the Judiciary Public Complaints Committee (JPCC) following a petition on allegations of bribery. The JPCC received a petition alleging that Adamu Nayola was collecting money from families of deceased persons before processing their inheritance entitlements.

“Upon review, the JPCC found direct evidence of these actions, including Adamu Nayola’s admission to receiving bribes from multiple litigants. It was confirmed upon investigation that Salisu Nayola was in cohort with Alkali Abdulmuminu Nuhu, who was complacent in the acts of collecting bribes by the registrar. The commission adopted the recommendation of the JPCC, and Salisu Nayola, whose actions amounted to a gross violation of his duties as a judiciary staff, has been directed to proceed on compulsory retirement, while Alkali Abdulmuminu Nuhu is recalled from judicial duties for a period of two years to remain under the supervision of the Chief Registrar, Sharia Court of Appeal.

“The Judicial Service Commission (JSC) issued a strong warning to Alkali Abubakar Abdullahi of the Sharia Court, Takai, following an investigation by the Judiciary Public Complaints Committee (JPCC). The JPCC found Alkali Abdullahi to have presided over an estate distribution case located outside his jurisdiction in Sabo Garba Housing Estate, Kabuga, and Dorayi Kwanar Makabarta. The Commission endorsed the JPCC’s recommendation, warning the judge to strictly adhere to his territorial limits and avoid handling cases outside his designated jurisdiction.

“Following the investigation of the JPCC on the petition filed against Shuaibu Bello, a court messenger, who was found to have engaged in an act of corruption by collecting money in excess of the official amount charged for opening a file. The committee also found him to engage in conduct unbecoming of a judiciary staff by being rude and disrespectful to a court user and deceiving the petitioner into signing a letter of withdrawal of the petition. The commission endorsed the recommendation of the committee, issued a strong warning, and further suspended him for four months without pay.

“Sequel to an investigation conducted by the Judiciary Public Complaints Committee (JPCC) into a petition filed against Shamsu Abbas, a court registrar. The investigation revealed the registrar to have assumed an adjudicative role by releasing a suspect on bail without the case being officially assigned to any court, making an order for the suspect to make financial restitution related to the alleged crime, actions that are beyond his scope of duties as a court registrar. The committee found his actions to constitute a flagrant violation of the responsibilities of a court registrar. Considering the JPCC’s recommendations and after extensive deliberation, the Kano State Judicial Service Commission has directed the immediate compulsory retirement of the court registrar, Shamsu Abbas.

“The Judicial Service Commission remains dedicated to ensuring that all judicial personnel perform their duties within the boundaries of the law and with the utmost respect for judicial processes, and the commission will continue to apply the appropriate sanctions against any erring staff, particularly those saddled with judicial responsibilities, to safeguard the integrity and accountability of the judicial system and maintain public confidence,” Ibrahim said.

[NaijaNews]

The Nigeria Labour Congress has given state governments an ultimatum of December 1, 2024, to implement the new minimum wage.

It also accused fuel marketers of inflating petrol prices, claiming the pump price is significantly higher than the actual market value.

The NLC contended that Nigerians were being exploited, with citizens enduring heightened suffering and hunger due to government policies which keep pushing many into destitution.

In a communique released on Sunday, following its National Executive Council meeting, the NLC highlighted the severe economic hardship across the country and called for an urgent review of policies it described as “anti-people.”

 

The NLC further directed state councils where the new minimum wage is not yet implemented to commence an indefinite strike starting December 1, 2024, in protest against the unaddressed labour issues.

In July 2024, President Bola Tinubu approved an increase in the minimum wage for Nigerian workers from N30,000 to N70,000.

However, the implementation across states has been gradual, with some still yet to adopt the new minimum wage.

 

While a number of states have pledged to meet the N70,000 minimum wage, others have gone further, committing to pay amounts higher than the federal mandate.

As of the first week of November, more than 20 states have announced the implementation of the new minimum wage.

“The NEC, therefore, resolves to set up a National Minimum Wage Implementation Committee that will, among others, commence a nationwide assessment, mobilisation and sensitisation campaign, educating workers and citizens on the need to resist this assault on their dignity and rights.

“Furthermore, the NLC shall initiate a series of industrial actions in all non-compliant states and shall not relent

until the minimum wage is fully implemented across Nigeria.

“To this end, all state councils where the national minimum wage has not been fully implemented by the last day of November 2024 have been directed to proceed on strike beginning from the 1st day of December 2024.

“Nigerian workers demand justice, and justice they shall have,” the communique read.

 

The NLC’s call underscored its growing concerns over the economic strain on Nigerians and its commitment to holding both fuel marketers and the government accountable for citizens’ welfare.

“The NEC-in-session noted with increasing dismay the shenanigans around the appropriate pricing of petrol in Nigeria.

“It observed that there may be a gang-up against Nigerians by fat cats in the industry as the current price of the product is significantly higher than the real market price.

“Padding of costs and abnormal margins seems to be the order of the day considering the revelations from the ongoing controversy between Marketers and Dangote group.

“It is entirely possible that Nigerian workers and masses are being ripped off by those who control the levers of economic power in Nigeria which explains why the domestic public refineries may not immediately be allowed to come on stream.

“NLC demands appropriate pricing of petrol and calls for the Public domestic refineries in PH, Warri and Kaduna to quickly come back on stream,” it added.

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