The Naira has resumed depreciation against the Dollar in the foreign exchange market.

FMDQ data showed that the Naira depreciated to N1402.67 per Dollar on Thursday from N1,390.96 on Tuesday.

This represents an N11.71 loss compared to the N1,390.96 recorded on Tuesday.

Meanwhile, at the parallel market, the Naira appreciated to N1340 per Dollar on Thursday from N1360 per Dollar on Tuesday.

DAILY POST reports that the National President of the Association of Bureaux De Change of Nigeria, Aminu Gwadabe, said its plans to harmonize the retail end of foreign exchange will stabilize the Naira in the forex market.

The 36 state governors under the aegis of the Nigeria Governors Forum (NGF) have disclosed that they were reviewing their individual fiscal space as state governments and the consequential impact of various recommendations, geared towards arriving at an improved minimum wage that they can pay sustainably.

The governors said that they celebrate with workers across the country for their dedication to service and patience, as all have worked with the Federal Government, labour, the organised private sector, and relevant stakeholders in arriving at an implementable national minimum wage.

According to the governors, while they acknowledge various initiatives adopted recently by way of wage awards and partial wage adjustments, it was imperative to state that the 37-member tripartite committee inaugurated on the National Minimum Wage was still in consultation and yet to conclude its work, just as they said that they would remain committed to the process and promise that better wages would be the invariable outcome of their ongoing negotiations.

In a statement signed yesterday by the NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq, at the end of the virtual meeting held Wednesday night, the state executives disclosed that they were committed to looking into issues bordering on the remuneration of state judicial officers and the infrastructure of the courts.

The statement read, “We, members of the Nigeria Governors’ Forum (NGF), at our meeting held today, deliberated on various issues of national importance.

“The Forum celebrates with workers across the country their dedication to service and patience as we work with the Federal Government, labour, organized private sector, and relevant stakeholders to arrive at an implementable national minimum wage.

“While we acknowledge various initiatives adopted recently by way of wage awards and partial wage adjustments, it is imperative to state that the 37-member tripartite committee inaugurated on the National Minimum Wage is still in consultation and yet to conclude its work. As members of the committee, we are reviewing our individual fiscal space as state governments and the consequential impact of various recommendations to arrive at an improved minimum wage we can pay sustainably. We remain committed to the process and promise that better wages will be the invariable outcome of ongoing negotiations.

“Members received the outgoing Country Director, Mr. Shubham Chadhuri, and the incoming Country Director, Mr. Ndiame Diop, of the World Bank, to discuss the Bank’s vision for transitioning. Mr. Chadhuri appreciated the Forum for the strategic role it continues to play in coordinating collective action for developmental change.

“He applauded the non-partisan character of the Forum, the professionalism of its Secretariat, and state governments’ commitment to mutual accountability mechanisms such as performance-based financing interventions by the Bank. Members expressed confidence in the choice of Mr. Diop to lead the collaboration going forward and look forward to a sustained and deepened relationship.

“The Forum discussed the revised National Policy on Justice (2024–2028) from the just concluded National Summit on Justice on 24th & 25th April 2024. Members agreed to consider the submissions from the summit as may concern their individual states, including recommended legal amendments, administrative improvements, and policies to strengthen the justice sector. Also, the Forum committed to looking into issues bordering on remuneration of state judicial officers and the infrastructure of the courts.

“The Forum received a presentation from the National Human Capital Development (HCD) Programme—Core Working Group Secretariat, led by Ms. Rukaiya El-Rufai and Dr. Ahmad Abdulwahab. Both highlighted the marginal progress made by states and its contribution to Nigeria’s Human Development Index (HDI), especially across health, nutrition, education, and labour force participation. Having reviewed the previous program design and national strategy, a revised governance and implementation roadmap was proposed to scale up impact and ensure sustainability. Members pledged to support the effective domestication of proposed revisions to the national HCD strategy.

“Members received a briefing from Mrs. Oyinda Adedokun, Program Manager, State Action on Business Enabling Reforms (SABER) Federal Ministry of Finance Programmeme Coordination Unit. The briefing highlighted states’ performance in implementing advocated reforms relating to land administration; regulatory framework for private investment in fiber optic infrastructure, services provided by investment promotion agencies and public-private partnership units; efficiency and transparency of government-to-business services, under the World Bank financed program.

“The Forum commiserated with the Governors of Rivers State, H.E. Siminalayi Fubara, and Ogun State, H.E. Prince Dapo Abiodun, over the petrol tanker explosion and gas explosion that occurred on April 26th and 27th, 2024, respectively. Members called for proper maintenance of trucks, especially those fitted to convey Compressed Natural Gas (CNG), and recommended appropriate training for truck drivers.

“On enforcement of regulations, members resolved to engage relevant Ministries, Departments, & Agencies (MDAs) in order to align the activities of federal regulators with the operations of officials at the sub-national level.”

The National Security Adviser, Mallam Nuhu Ribadu, has ordered full implementation of the Cybercrimes (Prohibition, Prevention, Etc) Amendment Act 2024.

The order also includes the operationalisation of the National Cybersecurity Fund by all regulators and businesses specified in the second schedule of the Act.

The NSA gave the order in a statement by the Head of Strategic Communications, Zakari U. Mijinyawa.

The statement reads: “ Recall that on 6 July 2022 Nigeria joined 66 other countries that have signed and ratified the Budapest Convention on Cybercrime to enhance international cooperation, provide common platform and procedural tools for efficient and safe cyberspace pursuant to section 41(2) (a) of the Cybercrime Act 2015 requiring conformity of Nigerian cybercrime and cybersecurity laws and policies with regional and international standards.

“This is further emphasized by one of the resolutions reached during the High Level African International Counter Terrorism Meeting which held in Abuja between 22 and 23 April 2024. The resolution called for the improved deployment of greater support and resources towards strengthening cybersecurity activities in Africa and taking concrete steps to prevent the use of social media and other platforms by terrorists and organised criminal groups.

“In view of the need to secure Nigeria’s Critical National Information Infrastructure (CNII), counter terrorism and violent extremism, strengthen national security and protect economic interests, this notice calls for the full implementation of the Cybercrimes (Prohibition, Prevention, Etc) Amendment Act 2024, including the operationalisation of the National Cybersecurity Fund by all regulators and businesses specified in the second schedule of the Act.”

The Nigerian government has begun a 15-day emergency supply to end the fuel scarcity nationwide.

The South West Regional Coordinator of the NMDPRA, Engr. Ayo Cardoso disclosed this in a statement.

Recall that fuel scarcity has lingered across Nigeria for days.

Although the Nigerian National Petroleum Company Limited assured that it had sufficient petrol to go around the country, the scarcity has persisted.

Corroborating NNPCL’s position, Cardoso said barely two days ago, the country received 300 litres of Premium Motor Spirit.

He stressed that Nigerians do not need to panic as the fuel queue will soon vanish.

“As I said earlier, there would be enough fuel across Nigeria soon. We have received over 300 million litres as of Tuesday.

“More have arrived, but I can’t give you the figure. Vessels will keep arriving in Nigeria for 15 days, which started counting on Monday, and we will keep distributing the product nationwide.

“The masses should not panic; all these will soon vanish. We are not prioritising anywhere; each state has its allocation to be delivered accordingly,” Cardoso stated.

Fresh facts about how Finidi George beat fan favourite Emmanuel Amuneke and other applicants to the Super Eagles job have emerged, The PUNCH reports.

Monday, the Nigerian Football Federation approved the recommendations of its Technical Committee to appoint Finidi as coach ahead of over 60 other local and foreign applicants.

Some of the other coaches who applied are US U-19 coach Michael Nsien, Spain-based former Katsina United coach Henry Makinwa, Sylvanus Okpala and Daniel Amokachi. Former Cameroon coach Antonio Conceicao and Dutchman Danny Bujis also reportedly applied for the job.

A member of the NFF Technical Committee, who spoke to our correspondent on condition of anonymity because he was not authorised to speak on the matter, said some stakeholders had tried to influence their decision in favour of their candidate.

He said Technical Committee members, however, resolved to stick to their guns and pick the best candidate for the position no matter whose ox was gored.

“Some of these people think they are the masters of the game, but they don’t know that some of us have been in this game for some time too. Do you know they set up a WhatsApp platform to decide and influence who will become the coach of the Super Eagles. But we snubbed them,” our source said.

“It could have been the other way round and we would still move on and support whoever the NFF picked.

“We know that some candidates that were not picked for the job would complain, that’s life for you. The important thing now is to support who is there and see how we can qualify for the World Cup. Now we have a manager, he’s going to coach the team, he has the desire to coach and he’ll definitely sit down with the federation officials to sort out his contract.”

On how they arrived at Finidi as the best choice for Eagles, our source said with just weeks to the crucial World Cup qualifiers against rivals South Africa, they needed someone who had an in-depth knowledge of the squad, and not a new coach who would come with a new philosophy alien to the players.

He added that Finidi, having served for 20 months under Peseiro, emerged the right man for the job, while his knowledge of domestic and continental football as current NPFL champions Enyimba also gave him the nod.

Our source added, “Finidi, with due respect to him, has been on ground, and he’s in tune with the dynamics of the modern game, and that for us is a big plus. He’s working with Enyimba, won a league title for them, has coached on the continent and he’s been busy coaching in recent years.

“At the national team level, he’s been with the Eagles as assistant and we know we have some tricky World Cup qualifiers ahead. A new coach might come in with tactics that the players will struggle to adapt to. We don’t need that now.

“Also, as a coach who understand the domestic league very well, his experience in this regard will come in handy when selecting players for the home-based players.”

The Technical Committee member added monetary considerations also played a role in Finidi’s choice for the job.

“Who will pay a foreign coach $70,000 in today’s Nigeria? The money is just not there,” our source added.
Meanwhile, some of the applicants have spoken on the process that led to the appointment of the new coach.

Even though Emmanuel Amuneke described the process as “fair”, he admitted that there was no interview to select the best candidate for the job.

“There was no interview (for the job), neither was there any talk about the job with the federation. There was no contact from the federation nor was there an offer to take the job. They have chosen a new coach, who is one of us, we just need to move on and support him,” Amuneke said.

When asked if he thought the process of selecting the candidate for the coaching role was transparent, US U-19 coach Michael Nsien, who also applied for the job, said, “It depends on people’s standards of process. There weren’t interviews, which I think is basic, it would give the appearance (that it was transparent) at least.”

Nsien, a former U-23 national team star, is positive Finidi will get a competent backroom staff to work with.

“Hopefully he is surrounded with good staff,” he said.

Another applicant, Sylvanus Okpala, who won the AFCON title in 1980 as a player and as an assistant coach in 2013, declined comments on the process that saw Finidi emerge as the winner but congratulated the former Ajax star.

He said, “The important thing is that Finidi has been selected and he is there now. All he needs is the support of everyone to excel, but the biggest support he can get is the one he gives to himself to be successful and take the Eagles to where they belong.

“I feel okay with Finidi’s appointment as the new Super Eagles coach because all of us cannot be there and obviously only one person will be appointed among us. I congratulate him and I wish him the best, hoping that he will take the Eagles to the next level.”

The Lagos State Governor, Babajide Sanwo-Olu, has promised workers in the state that his administration will implement the new minimum wage that is approved by the Federal Government.

Recall that the Federal Government on Tuesday announced 25 percent and 35 percent salary increase for civil servants across various consolidated salary structures.

A statement released on the eve of the Workers’ Day celebration and signed by the Head of Press, National Salaries, Incomes, and Wages Commission, Emmanuel Njoku, stated that the increases took effect on January 1, 2024.

Sanwo-Olu gave the assurance on Wednesday during the Workers’ Day celebration held at the Mobolaji Johnson Arena, Onikan.

He promised to look at some of the demands of various unions in the state, saying that his administration would continue to ensure good welfare packages for all workers in the state.

“This year’s theme, ‘People First,’ resonates deeply with our administration’s philosophy, which is underpinned by our firm belief in prioritizing the welfare of our people.

“Through various measures, policies, and initiatives, we have demonstrated that the interest and welfare of the people come first and remain the ultimate goal of all our actions. Our response actions are geared towards mitigating the impact of these trying times and offering support to both our workers and citizens alike.

“We have been steadfast and intentional in implementing our social intervention programmes, providing crucial assistance to those in need throughout the state. From subsidised food items through our Ounje Eko, and Eko Cares initiatives to incentives on social services, we have made tangible differences in countless lives.

“Healthcare initiatives that ensure access to quality medical services for all, transportation support, and educational opportunities for our children exemplify our commitment to creating a Lagos where everyone has a fair chance to thrive. Our dedication to putting people first extends beyond mere words,” said the governor.

On his administration’s commitment to workers’ welfare, Sanwo-Olu said: “As we look towards the future, I want to reaffirm our commitment to building a more inclusive and equitable society in which the interests of workers receive the attention it deserves.

“We will continue to invest in education, training, and skills development to equip our workforce with the tools they need to succeed in their places of work because we recognize the vital role that workers play in driving progress and prosperity in our society. And we pledge to build a future where every worker is respected, empowered and able to live with dignity and pride.”

UK police named a 14-year-old boy killed in a sword attack in London this week as Daniel Anjorin and said the suspect will face murder and other charges over the violent rampage.

The teenager died on Tuesday morning as he walked to school in Hainault, in the east of Britain’s capital, when he was attacked by a man wielding what appeared to be a Samurai-type sword.

Police tasered and arrested the suspect, a 36-year-old man who was not previously known to police.

Police named the suspect as a Spanish-Brazilian national, Marcus Aurelio Arduini Monzo, and said he would appear at Barkingside Magistrates Court on May 2.

He has also been charged with “two counts of attempted murder, two counts of grievous bodily harm, aggravated burglary, and possession of a bladed article”, police said in a statement.

‘Profound shock’

The independent school attended by Anjorin said in a statement on Wednesday that they had been left in “profound shock and sorrow” at the pupil’s death.

“He was a true scholar, demonstrating commendable dedication to his academic pursuits. His positive nature and gentle character will leave a lasting impact on us,” Bancroft’s, in Woodford Green, near Hainault, said.

London’s Metropolitan Police force said Tuesday’s horror unfolded just before 7:00 am (0600 GMT) when the accused crashed a van into a house fence, hitting a 33-year-old man before stabbing him in the neck.

A 35-year-old man was then attacked inside a nearby property, causing lacerations to his arm, before Anjorin was killed.

Police arrived on the scene 12 minutes after the first emergency call and attempted to neutralise the suspect with incapacitant spray and a Taser gun but these had little effect.

The suspect seriously injured two police officers, both of whom required surgery on Tuesday and remain in hospital.

One, a woman, suffered severe injuries to her arm and nearly lost a hand, the Met said.

The man fled again as terrified witnesses took cover in houses before police used a Taser to overpower him, detaining him 22 minutes after the initial call.

“This is a complex investigation due to the number of crime scenes, forensic evidence, hours of CCTV footage and witnesses we need to speak to,” Larry Smith, the detective leading the investigation, said in a statement.

“I know that many people will want answers and we are working to provide them as soon as we can”, he said.

Police have said the attack was not terror related.

It came amid a rise in stabbings in the United Kingdom and shortly before voters decide in local elections on Thursday whether to re-elect London mayor Sadiq Khan for a record third term.

Conservative Prime Minister Rishi Sunak has criticised the opposition Labour Party’s Khan for his record on crime.

Anjorin’s death is the second recent tragedy to hit Bancroft’s, after a former pupil, Grace O’Malley-Kumar, was killed in Nottingham last year as she tried to save her friend from a knife attacker.

Valdo Calocane was sentenced to indefinite detention in a psychiatric hospital for stabbing to death 19-year-old O’Malley-Kumar, fellow student Barnaby Webber and 65-year-old school caretaker Ian Coates.

Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number, NIN.

This is contained in a report by the Nigerian Interbank Settlement System, NIBSS, which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number, BVN, and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

Senator Adams Oshiomhole has confirmed a widespread consensus among federal and state governments, along with private employers, regarding the necessity to raise the national minimum wage.

Naija News reports that Oshiomhole, while speaking on Channels Television’s “Politics Today,” highlighted the outdated nature of the current N30,000 minimum wage in light of the escalating cost of living.

“The current minimum wage of 30,000 is a joke,” Oshiomhole stated, emphasizing the dire need for an adjustment.

He pointed out the severe drop in purchasing power affecting employees at all levels, from directors and permanent secretaries to entry-level positions.

“You need to beef it up,” he added, suggesting the potential for wages to be indexed to inflation, a practice observed in other market economies.

Expectations for an announcement of a new minimum wage during the Workers’ Day celebrations were unmet, leaving the workforce in anticipation.

However, the Minister of State for Labour, Nkeiruka Onyejeocha, reassured workers at the May Day celebration in Abuja that any agreed-upon adjustments would be retroactive from May 1, 2024.

“It is regrettable that the new national minimum wage is not ready before today, but a wide consultation is ongoing to ensure that the document is put together as soon as possible,” Onyejeocha said.

Oshiomhole praised the government’s commitment to implementing the new minimum wage from the specified date.

The current Minimum Wage Act, established at N30,000, was signed in 2019 by former President Muhammadu Buhari and is due for its five-year review to align with the contemporary economic needs of workers.

Solidarity in Action: Collaborative Governance, Empowered Workers

By President Bola Ahmed Tinubu, GCFR Being a speech by His Excellency, Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, on the occasion of the 2024 May Day celebration, held on Wednesday, May 1, 2024, at the Eagle Square, Abuja.

Protocols…

My dear compatriots and fellow workers in the service of our great country,

Today, I join you to share in the essence of this day and to express my deepest gratitude and admiration for the invaluable contributions each and every one of you makes to keep our nation afloat in its times of greatest need.

Today, I stand before you to tell a fundamental truth: you, the workers of our great nation, are its very backbone. But I’m not here merely to echo familiar praises of the labour force. Rather, I want to assure you that we appreciate and celebrate your hard work, sacrifices, and contributions to the prosperity and stability of our great nation every day. I am equally thrilled that this event, the first since we took office, is organised by the Nigerian Labour Congress and the Trade Union Congress under the leadership of Comrades Joseph Ajaero and Festus Osifo.

Great Nigerian workers, your role as an indispensable component of the nation’s engine cannot be overstated by any government if the quest for a just and progressive society is to be realised. Therefore, I extend my most heartfelt congratulations to you on this very important celebration.

I do not take for granted the understanding, patience, commitment, and support you have shown throughout the implementation of this government’s policies and programmes aimed at positively transforming our great nation. Your contributions have played a significant role in our efforts to rescue the economy since we came on board.

Fellow Comrades, your choice of the theme “People First” for this year’s May Day celebration is both instructive and commendable. The thoughtful selection by the leadership of both the NLC and TUC resonates with my government’s agenda and demonstrates that the working class holds a central position in the affairs of this nation. It also reflects the commitment of Organised Labour to collaborate with the government for the benefit of all citizens. I appreciate your efforts to prioritise the people in governance.

I recognise that the theme “People First” aligns with both the “Human-cantered Agenda for the Future of Work” and the Centenary Declaration of the International Labour Organization (ILO), which the government is committed to implementing. This commitment ensures alignment of Nigeria’s Labour Administration System with international best practices. While the three pillars of the agenda seek to drive growth, equity, and sustainability for present and future generations, they require us to prioritise investment in people’s capabilities, enhance investment in work institutions, and promote decent and sustainable work.

We took office at the time many nations, including ours, were experiencing daunting socio-political and developmental challenges. Yet, we are resolute in confronting these obstacles head-on. The scourge of criminality, from banditry to kidnapping and the farmer-herder crises, alongside terrorism, continues to afflict our nation despite the tireless efforts of our armed forces. We are aware of the toll this takes on our economy. I assure you: we are fully committed to tackling these security challenges.

You would recall that on January 30th, 2024, the Federal Government convened a 37-member Tripartite Committee on Minimum Wage. The committee’s mandate was to provide counsel and suggest a national minimum wage that aligns with our current economic conditions. Since then, the committee, in collaboration with labour leaders, has been diligently working towards proposing a new National Minimum Wage. Unfortunately, despite concerted efforts, the committee was unable to reach a consensus at its last meeting. This shall be resolved soon and I assure you that your days of worrying are over.

Indeed, this government is open to the committee’s suggestion of not just a minimum wage but a living wage.

Great Nigerian Workers, we cannot achieve a just and equitable society that caters to the needs of every member, including the strong and the weak, without fostering peace and unity. Our shared vision for national growth and development can only be realised in an atmosphere of industrial harmony and peaceful coexistence in every segment of our country. The dividends we have promised the nation, and which you work tirelessly to ensure, can only be achieved when we all unite for progress.

On this momentous day, I urge you and all our fellow citizens to place your trust in this administration. The seeds of greatness planted in our nation are beginning to bear fruit, and they promise a future filled with hope and bound by prosperity.

Let me assure you, with the utmost sincerity, that every initiative undertaken by this administration is geared towards transforming Nigeria into a nation that can truly provide for its people.

So, I call upon each and every one of you, as I have consistently done, to join hands in shaping the destiny of our nation towards greatness. Our allegiance and patriotism are the bedrock upon which our beloved country thrives. The success of our government’s policies and programmes hinges on the willingness of the workers, as the backbone of our workforce, to embrace them wholeheartedly. I appeal to you to continue using the power of the labour movement for the greater good of our nation, fostering harmony and cooperation.

Once more, I extend my heartfelt congratulations on this successful Workers’ Day celebration, and I wish you all joyous festivities.

May God continue to bless our country