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Newspapers Headlines: CBN has my backing to redesign Naira, says Buhari

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1. President Muhammadu Buhari, on Sunday, backed the decision of the Central Bank of Nigeria, CBN, to launch new designs of the naira denominations. Buhari said Nigerians with illicit money stashed in the soil would have problems with the new naira notes.

2. President, Muhammadu Buhari, will today hold an emergency meeting with security chiefs in Abuja. Buhari, who was earlier scheduled to inaugurate the NASENI Complex, summoned the meeting which is expected to review and strengthen the security network in the country.

3. The leader of the Pan-Yoruba socio-political group, Afenifere, Pa Reuben Fasoranti, and several South West leaders, on Sunday, met with the presidential candidate of the All Progressives Congress, Asiwaju Bola Tinubu. The leaders promised their support for Tinubu during a meeting he had with them at Fasoranti’s residence in Ondo State.

4. Students of the Moshood Abiola Polytechnic, Abeokuta, Ogun State, have started a fundraising campaign to release their colleagues who were kidnapped by gunmen along the Lagos-Ibadan Expressway. Two MAPOLY students, Adejare Olayemi (male) and Oluwatobi Orekoya (female), and one Aminat Taiwo (female), were kidnapped on Friday.

READ  We injected $7.6bn into FX market in five months to stabilise naira - CBN

5. The Governor of Rivers State, Nyesom Wike, yesterday, hit back at Iyorchia Ayu, the National Chairman of the Peoples Democratic Party (PDP), over his remarks against Governor Samuel Ortom of Benue State. Wike, while reacting to Ayu’s statement that he has power to stop Ortom, said the chairman lacks integrity, describing him as corrupt.

6. The Socio-Economic Rights and Accountability Project (SERAP) has asked Presidential candidates of the Peoples Democratic Party (PDP), Atiku Abubakar; All Progressives Congress (APC), Bola Tinubu; Labour Party, Peter Obi and others to direct their campaign councils and political parties to regularly and widely publish the sources of their campaign funding.

7. The National Youth Leader, Peoples Democratic Party (PDP), Mohammed Suleiman, yesterday claimed that the party’s presidential candidate, Atiku Abubakar, is more grounded in grassroots politics than his rival, Bola Ahmed Tinubu of the All Progressive Congress (APC).

8. The Joint Drivers Welfare Association of Nigeria (JDWAN), yesterday, declared that there is no going back on its proposed seven-day strike, starting today, Monday, October 31, as its meeting with the Lagos State Government yielded no positive result.

READ  Naira crisis: Banks shun CBN directive, continue to collect old N1,000, N500 from customers

9. Twelve births have been recorded at the Ox-Bow Lake Internally Displaced Persons camp amid the ravaging flood in the Bayelsa State.
The Chairman of the Bayelsa State Emergency Management Committee (SEMA), Hon Walaman Samuel Igrubia, who disclosed this over the weekend during the distribution of relief materials to private IDP camps, said the births were made up of triplets, three sets of twins and two other births.

10. Gunmen suspected to be herdsmen have again killed three people at Tse Ikyem in Logo Local Government Area of Benue State. Sources from the community said the herders invaded the community in broad daylight, around 4pm on Saturday, killed three people, including a woman and injured many others.

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Labour gives FG May 31 deadline for new minimum wage

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The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have given the federal government a deadline of May 31 to come up with a new national minimum wage for workers.

 

The ultimatum was given despite the decision of the federal government to increase the salaries of civil servants by 35 percent.

 

The Federal Government also approved an increase in pension of between 20 percent and 28 percent for pensioners on the defined benefits scheme, with respect to the six consolidated salary structures.

 

The implementation of the new salary structure was backdated to January 1, 2024.

 

Labour has since said it wants the sum of ₦615,000 as the new minimum wage.

 

Speaking during the Workers Day Celebration in Abuja, Joe Ajaero, president of NLC, said they might not guarantee the industrial harmony of the country if the new minimum wage is not implemented.

 

“The NLC and the TUC have made it clear and emphatically that should the minimum wage negotiation continue and linger till the end of May, we can no longer guarantee industrial harmony in this country,” Ajaero said.

Also speaking, Festus Osifo, TUC president, said the N30,000 current minimum wage is insufficient for Nigerian workers due to the current economic realities.

READ  Naira could trade below N1,000/$, says Goldman Sachs

 

Osifo implored the Nigerian Electricity Regulatory Commission (NERC) and power distribution companies to immediately reverse the current increase in electricity tariff for Band A customers.

 

“The NLC and TUC hereby advise NERC and power sector operators to reverse the last increase in electricity tariff within the next one week,” the TUC president said.

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Claims of inciting Igbos against FG baseless, Obi replies Umahi

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The presidential candidate of the Labour Party in the 2023 election, Peter Obi, has responded to the allegation that he is inciting people of the south-east against the federal government.

 

The former governor of Anambra said the allegation is a “baseless distraction” designed to tarnish his character.

 

He averred that his “focus is on fostering constructive dialogue and inclusivity, rather than engaging in divisive politics”.

Obi said he would not reduce himself to the level of those who wallow in ethnic politics.

 

“Regarding allegations of incitement against the government, I firmly reject these unfounded accusations aimed at tarnishing my character,” Obi wrote on X.

 

“My focus is on fostering constructive dialogue and inclusivity, rather than engaging in divisive politics.

 

“Claims of incitement are baseless distractions. I have always advocated for unity and advancement, refusing to partake in reactionary divisive politics.

 

“Worse still, I have never and can never descend so low as to base my political aspirations on any sectional or ethnic interest.”

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THE INCITEMENT ALLEGATION

David Umahi, minister of works, on Wednesday accused Obi of inciting people of the south-east against the federal government over the Lagos-Calabar coastal road project.

Speaking during a stakeholders’ meeting in Lagos, Umahi said Obi implemented the demolition of structures for road infrastructure while he was governor of Anambra.

 

The minister condemned Obi for criticising the federal government over the project, adding that affected property owners are already being compensated.

 

Obi has repeatedly criticised the federal government for the construction, describing the project as a misplaced priority.

 

The former Anambra governor said the “insensitive” demolition of structures for the project was “heart-wrenching”.

 

Recently, the federal government commenced the construction of the 700-kilometre Lagos-Calabar coastal road, which is expected to run through the shoreline of beach resorts in Lagos, while traversing eight other states.

 

The project has elicited controversy over funding, and the businesses that would be affected during construction.

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RESPONSE ON DEMOLITIONS AS ANAMBRA GOVERNOR

Responding to Umahi on demolition of structures, Obi said while he was governor, he clearly stated that all structures obstructing existing roads and lacking approval would be removed.

 

The former Anambra governor challenged anyone to show evidence on whether the “demolished structures on existing roads or ongoing businesses were not encroaching on the road and built without government approval”.

 

He added that it amounts to false equivalence to compare his actions as governor with the current Lagos-Calabar coastal road project.

 

Obi said he “never proposed creating a new road that would disrupt existing structures”.

 

“My actions were strategic, aiming to prioritise the repair and maintenance of existing infrastructure over projects that risked disruption and destruction,” Obi added.

“This approach aimed to safeguard the livelihoods of Nigerians and ensure the efficient use of resources.”

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Coastal highway: Umahi slams Obi, says he’s inciting south-east people against FG

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David Umahi, minister of works, says Peter Obi, former governor of Anambra, is inciting people of the south-east against the Federal Government over the Lagos-Calabar coastal road project.

Umahi spoke in Lagos on Wednesday during a stakeholders’ meeting on the road project.

 

Recently, the federal government commenced the construction of the Lagos-Calabar coastal road, which is expected to run through the shoreline of beach resorts in Lagos, while traversing eight other states.

The project has generated controversy and concerns about funding and the businesses that would be affected during construction.

 

On Tuesday, Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, criticised the federal government over the project, describing it as a misplaced priority.

 

The former Anambra governor said the “insensitive” demolition of structures for the project was “heart-wrenching”.

 

UMAHI REPLIES OBI

Responding to the comment, Umahi said Obi supported the demolition of structures for road infrastructure while he was the governor of Anambra.

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The minister condemned Obi for criticising the Federal Government over the project, adding that affected property owners are already being compensated.

“When you condemn people you bring judgment upon yourself and that is what he has done,” Umahi said.

 

“I think he is inciting some of the south-east people that are not well informed.

“He is inciting and getting them into trouble and he does not go to fight for them.

“Wisdom is a defence. It gives light to those that practice it. I want our people to have wisdom because I’m involved.”

Umahi added that the federal government did not destroy the facilities of Landmark Beach, noting that only shanties on the right of way were removed.

 

He said the owners of Landmark Beach were not unfairly treated in the construction of the project.

 

The minister accused Paul Onwuanibe, chief executive officer (CEO) of Landmark Africa Group, of politicising the issues arising from the project.

READ  CBN insists on Jan 31 deadline for old naira notes

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