Tag: workers

  • As workers march against corruption

    The recent self-serving leadership crisis that rocked the Nigeria Labour Congress (NLC) appears to have been reined-in by the realisation that there is a more sinister threat to the existence of our country, under which canopy, the workers engage in labour. For without the sanctity of a nation, in its true sense, there can be no labour, talk less of a labour congress. Well, unless one will be willing to refer to acts of combat, in a failed state, like Syria, as a form of labour. Or even more tragically, the catering for the refugees, and the heart-rending human suffering, arising from the crisis.

    It is therefore hoped that this labour of love for country, exhibited by thousands of marchers across the 36 states of the federation, last week, Thursday, is not a transient publicity stunt, orchestrated by labour leaders. After all, the leadership of the congress may just have employed the match as an image stunt, to burnish their tattered image, after the NLC’S election fiasco, which showed the labour leaders as no different from other political power mongers, who have corruptly held our country down, for decades.

    But regardless of the motive of their leaders, members of the Trade Union Congress (TUC) and NLC, must realise that unless the civil society takes up the gauntlet, the war against corruption, may peter out even before it starts. As has been rightly observed, when you fight corruption, corruption fights back. And the corruptors will likely use all means, including the recruitment of labour leaders, to stall the recovery of the humongous loot in their possession. So, to help in the fight against corruption, the labour unions must first, put their houses in order, by eschewing similar malevolent corrupt practices within their ranks. They must develop the capacity to meaningfully engage the government, so that they are not lured into unnecessary strike actions that would aid those that prefer unstable governments, which can be manipulated.

    In fighting corruption, the Buhari administration should also seek ways to resolve the wage disputes and unfair labour practices, which also cause, many of the strike actions in Nigeria. Even a Buhari sympathiser, must accept and sympathise with the labour unions, considering the unfair wage paid to the average worker, which is particularly nauseating, when juxtaposed with the criminal enrichment by political office holders, in the name of legitimate income. So, I earnestly hope that part of the change agenda of President Buhari’s government, of course, with the concurrence of the majority of the state governments, would be to help set up a realistic wage structure, across the country.

    For me, it is a national folly that the legitimate income of any political office holder, would in many states be 500 per cent more than the income of a graduate teacher, who had reached the end of his career and is at the top of the salary scale. To understand the absurdity and incongruity of this malaise, juxtapose the salary of a school principal, or supervisor of education, who earn less than one hundred and N50,000 a month, with that of a senator who earn about N9million monthly, under various dubious headings. Well, if the senator should be considered a super politician, compare the salary of the school principal, or head teacher, with the councillor at the local government.

    So, the labour unions and its affiliate always have a worthy reason to go on strike. And perennial strikes become inevitable, when in addition to humongous income dubiously earned by the politicians, the system allows them to also freely engage in monumental corrupt enrichment. That is why the fight against corruption, is at the root of solving so many other challenges, facing our backward country. Indeed, if corruption is reigned in, inflation will drastically reduce, and the paltry wage of the Nigerian worker would have an improved weight, and enhanced purchasing power.

    Part of the process of resolving this national wage quagmire, as has been argued some time ago, on this page, is to federalise wages and income. But such a move will be counterproductive, unless corruption is reigned in, as many state governors would literary gulp the entire resources, and go ahead to pay their workers menial wages. To deal with this challenge, it is imperative that aggravated corruption is made a federal offence, with stringent penalty. This is perhaps, the import of the decision of the Supreme Court, when it held that the Act establishing the Economic and Financial Crimes Commission, is not unconstitutional (anti-federal).

    If corruption is drastically reduced, and a comprehensive wage structure across the economic and political strata of the country is determined, and every person regardless of stature, is compelled to live on his wage, sanity would return. Of course, the wage structure of the political office holders, like the legislators, would never be, at the whims and caprices of the beneficiaries, as is tragically the situation presently, albeit unconstitutionally. Indeed, a lesser paid legislator, will be more efficient, when he realises that a healthy life for him, will really be dependent, on an efficient national infrastructure, which can only be possible, through efficient laws and quality oversight functions.

    Luckily, the Trade Unions have the powers to reign in some of the excesses of our politicians. One such power, is through peaceful picketing. For instance, the NLC and the TUC can picket the National Assembly, to compel for a fair national wage, which would involve reducing the misguided appropriations that aid corruption. Through picketing, they can compel the law enforcement agencies, to fight corrupt practices. The Trade Unions can indeed mobilise, to help Nigeria, return to the part of sanity.

     

     

     

  • Abia disengaged workers deny reinstatement

    Some of non-indigene workers disengaged from the Abia State civil service by the Theodore Orji-led administration in 2011 has debunked claims by the Ikpeazu-led administration that they were recalled by his administration.

    The workers under the aegis of Abia Disengaged Non-Indigenes Workers (ADNIW), warned the state government and politicians to stop politicising their condition.

    About 4,000 non-indigene workers were on October 1, 2011, disengaged from the state’s civil service.

    Chief Press Secretary to Governor Okezie Ikpeazu, Mr. Godwin Adindu said about 102 of the workers (teachers) were reinstated by the Secondary Education Management Board (SEMB), adding that 63 others had been cleared for reinstatement.

    But in a statement by Ihejirika I. and Unogu U., leader and secretary of ADNIW said the CPS’s claim was false.

    ADNIW said it was disheartening for the government to play wicked politics with the issue when it should have acted against its predecessor’s innocuous policy.

    According to them, they made several representations to the government to rescind the decision without success, before writing to President Muhammadu Buhari.

    Officials of the SEMB also told the workers that the “reinstatement was on radio and no memo had been sent to them in that regard”.

    The statement reads: “We members of ADNIW state that the claim by the state government that disengaged non-indigene workers in Abia State’s public and civil service had been recalled is false.

    “Should government be given the benefit of the doubt and its claim taken on its first value, if 102 of the disengaged workers had been recalled, which is invidious, what happens to the rest?

    “The over 4,000 workers were sacked the same day, why is government claiming it recalled that number if they are serious? Nothing will rest the issue except total recall”.

  • Workers demand death for all treasury looters

    Workers demand death for all treasury looters

    Labour yesterday called for death penalty for corruption convicts.

    To the Nigerian Labour Congress (NLC), the anti-corruption laws  are too weak to stop potential treasury looters. They must be strengthened.

    The NLC demostrated  its support for the Muhammadu Buhari administration’s battle with rallies and picketing of Government Houses in state capitals.

    Many streets were paralysed by the protesters, who carried placards

     In Abuja, NLC President Ayuba Waba led the protest. The team marched on the office of the Secretary to the Federal Government (SGF) and the National Assembly premises.

    Presenting a letter to the SGF, Mr. David Bachir Lawal, Waba said:

    “Gone is the day when people that are corrupt will get perpetual injunctions restraining EFCC from prosecuting them. If we have such cases, Nigerian workers are ready to go to their residences and bring them to court and also interrogate the judge.

    “Our judiciary must sit up. Gone are the days when perpetual injunctions are issued,,restraining agencies of government from prosecuting corrupt public officers. We must be on the same page and therefore, Nigerian workers are ready to invade the courts and the sanctity of such judges.

    “We are also demanding that the penalty of corrupt public officers should be made very strict, including capital punishment. If has worked elsewhere and there is no reason why it should not work here. Therefore, all of us are here to try to present our position.”

    Lawal commended labour for standing beside the Buhari administration in its quest to make corruption a thing of the past. He assured them that the government will not fail Nigerians in the fight against corruption.

    [ad id=”403656″]The Government secretary said the government considers labour as partners in the development of the country and not enemies, pointing out that with the workers supporting the government’s fight against corruption, the fight is almost won.

    He said if the country must move forward, corruption must be made unattractive, while those who engage in corrupt practices should not be given any place to hide.

    There was a mild drama at the first gate to the National Assembly when security agents locked the gates, preventing labour and civil society organisations from gaining access to deliver their protest letters.

    The angry workers who were kept at the first gate to the National Assembly for about 10 minutes threatened to pull down the gates if they were not allowed.

    The workers and civil society organisations who began their march at the Unity Fountain also took the campaign to the headquarters of the Economic and Financial Crimes Commission (EFCC).

    Some of the placards they bore read: ‘Payment of workers’ salaries is not negotiable’; ‘Stop corruption; Nigeria can create million of jobs alone in agriculture’; ‘Invest in agriculture today; Corruption has damaged our communication sector, stop it’; recover our monies in the hands of past leaders now; corruption has increased poverty, fight it now; if we don’t kill corruption, corruption will kill us; corruption promotes insecurity, stop it now, among others.

    Waba said further labour abhors a situation where those who stole public funds are given light sentence or an option of fine, only to come out and enjoy the money they stole adding that in China, those found to be corrupt are shut to serve as deterrent to others.

    “Our leaders must use their brains to come up with policies and programmes that will impact meaningfully on Nigerians. This is a struggle for all of us a struggle for a new Nigeria, a struggle for good governance and a struggle against corruption.

    “We are here because our laws are very weak. Even if one steals N100 billion, he get two years jail term or part with a fraction of the money and is allowed to go and enjoy.

    “The one that comes to mind is the case of Atiku Kigbo who stole billions from the Pension fund and what he got was two years imprisonment and N750,000.00 fine.

    “We are also demanding that all political office holders both elected and appointed must declare their assets before assumption of office, mid way into their tenure and at the end of their office so that we can know whether they have stolen or not.

    “Our generation and generation yet unborn will suffer for the consequences of not fighting corruption. For the first time in our history, workers went eight months without salaries. Let us not fight the symptom. The disease is corruption and lack of good governance”.

    President of the Trade Union Congress (TUC), Boboi Kaigama said this was the first time in over 20 years that workers had to stay for several months without salaries as a result of corruption.

    He said labour had always been in forefront of the fight against corruption, pointing out that President Buhari had only come out to align with the position of labour, pointing out that the onus of fighting corruption lies on the workers who are the only people paying taxes in the country.

    He said that workers cannot afford to wait for the EFCC, ICPC or the police to fight corruption in the country, pointing out that the time has come when Nigerians should stand up and stamp out corruption.

    Chairman of EFCC Ibrahim Lamorde commended the labour efforts in supporting the fight against corruption and assured that they will act on the letter with dispatch.

    Lamorde assured that they will not be deterred in their zeal to fight corruption in the country in line with the aspiration of Nigerians and President Muhammadu Buhari.

    At the National Assembly, Senate Deputy Minority Whip, Senator Francis Alimikhena received the letter on behalf of the Senate President Bukola Saraki.

    He assured them that the Senate was in agreement with the President’s anti corruption campaign and will do everything possible to ensure that fight against corruption in the country is a success.

    Alimikhena said as part of the senate’s fight against corruption, it had asked for the abolition of waiver on the importation of rice as well as investigating investment in the power sector since 1999.

    House of Representatives member Sani Zorro who represented Speaker Yakubu Dogara, apologized to labour for the difficulty encountered while trying to access the National Assembly.

    He said the House of Representatives is in full support of the fight against corruption in the country.

    General Secretary of the National Union of Textile, Garment and Tailoring Workers of Nigeria, Comrade Isa Aremu and President of the Academic Staff Union of Universities, (ASUU) Dr. Nasir Fagge, also spoke at the rallies.

  • Oil workers advise Buhari to prioritise gas

    Oil workers advise Buhari to prioritise gas

    The Federal Government should make gas development its major source of earnings in view of the current global slump in oil price, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said.

    The body in a document signed by Comrades Francis Johnson and Bayo  Olowoshile, President and General Secretary respectively, said it was high time the country diversified its economy by giving more attention to gas exploration and exportation for growth.

    It said Nigeria’s proven gas reserves of 183 trillion cubic feet (tcf) is huge and capable of bringing enormous revenue to the  government if well harnessed.

    The document said gas flared annually is estimated at 31.5 billion cubic metres (bcm) about 1.1 trillion cubic feet (tcf) valued $2.5billion is also a huge loss, adding that the waste can be prevented if the right policies are in place.

    “With 172million estimated population and our vast growing but grossly under exploited gas markets, the global campaign for the promotion of more environment friendly energy, emphasis on the activities of gas will preserve our forest, and generate more revenues for the country. Based on this, the government of President Muhammadu Buhari will be recording a far more success in the area of improving fiscal resources for the growth of the economy,” it said.

    The workers explained that the depletion of Nigeria’s foreign reserves and failure of the  government to meet budgetary expectations in recent times, was because the country depends solely on oil.

    According to the body, there is the need for a paradigm shift from oil to gas to grow the economy well, stressing that billions of dollars that Nigeria lose from oil was not good enough.

    PricewaterhouseCoopers estimates that Nigeria lost $5billon within five months this year, following the problems in the global industry. Also, the Oil Producers Trade Section (OPTS) of Lagos Chamber of Commerce and Industry (LCCI) estimated that Nigeria’s revenue  from oil could be cut by about $10billion or 30 per cent before December, if urgent steps are not taken to address problems in the oil and gas sector.

    Its Vice Chairperson and Managing Director, Total Upstream Companies in Nigeria, Elizabeth Proust, warned that low crude oil prices  have significantly reduced the level of investible funds at a time when competition for investment is sharpening.

  • No pay cut for Oyo workers

    No pay cut for Oyo workers

    The All Progressives Congress (APC) in Oyo State yesterday described as a misrepresentation, reports quoting him as having reached an agreement with the labour to cut workers’ salaries as a way out of the cash crunch.

    The party, in a statement by its Director of Publicity and Strategy, Olawale Sadare, said the Chairman of the Nigeria Labour Congress (NLC) in the state, Comrade Waheed Olojede, must have either misconstrued the submission of Governor Abiola Ajimobi on the subject matter while the latter was featuring in an interview programme broadcast by an Ibadan-based radio station last weekend, or got briefed by the fifth columnists.

    APC said: “Like many other members of the public who monitored the Saturday morning interview, we were taken aback when we read again that the NLC chairman quoted Mr. Governor to have mentioned an agreement with labour to bring about a downward review of workers’ pay in view of the present economic downturn. The truth of the matter is that the governor never said that.

    “For the avoidance of doubt, it is on record that Senator Ajimobi, while reacting to a poser on salary payment palaver, said the government was meeting with relevant stakeholders, including the labour unions, on how to save the state from its economic problems and part of options being considered was salary review.

    “The governor did submit that workers’ pay was a constitutional issue, which no government could decide without the input of relevant authorities. He hinged his position on the need to prevent a situation whereby workers would be owed arrears of salaries in future as it is being witnessed at the moment and for anyone to mislead the public over this will be most unfair.

    “As a matter of fact, the APC administration will not do anything capable of undermining the efficiency of workers as we assure of continued friendly relationship between the government and its workforce, regardless of the numerous challenges. In a matter of days, the outstanding salaries and allowances owed public servants will be paid and the bones shall rise again.”

     

  • Oyo workers vow to resist salary cut

    Oyo workers vow to resist salary cut

    •NLC denies agreement with govt

    Members of the organised labour movement in Oyo State, under the umbrella of the Nigeria Labour Congress (NLC), have opposed any move by Governor Abiola Ajimobi to cut workers’ salary.

    They vowed to use available means to resist this.

    Governor Ajimobi yesterday told the people in a programme on Splash FM that the labour leaders agreed with the government that workers’ salary should be cut, following the state’s dwindling resources, at a meeting last Monday.

    NLC Chairman Mr. Waheed Olojede described the claim as false.

    Olojede, who expressed surprise at the claim, said there was never any such meeting with the governor where salary cut was discussed.

    Warning the government to desist from any step that would cause disaffection between it and the workers, the NLC chairman wondered how the labour would enter into an agreement with the governor on salary cut at a time the NLC was agitating for salary review.

    His words: “Today, the Oyo State governor featured in a radio programme and informed the public that he held a meeting with labour leaders and that we agreed on salary cut because of the present economic situation and the state’s dwindling resources.

    “The message got to us as a very big surprise because at no time did labour hold a meeting to negotiate with the government on workers’ salary cut.

    “It is true we held a meeting with the government last Monday, but it was convened to discuss the bailout loan, which the Federal Government has released to Oyo State.”

    The NLC boss said the agenda of the meeting, which was attended by the governor, the head of service and other officials, was based on the Federal Government bailout to states and how soon the arrears of workers’ salary would be paid.

    He said: “We went to the government to know how much was it and how it will be spent to clear the arrears of salary. At that meeting, the government told labour that soon, they would access the funds from the Central Bank of Nigeria (CBN) and as soon as the fund came, they were prepared to spend the money for the purpose for which it was meant. That is the clearance of allowances, salary and pension arrears.

    “We also agreed at that meeting that since the federal allocation committee held a meeting in Abuja and released allocation to the states, payment of April salary of officers on GL 13 and above should begin immediately, while we await the bailout fund to clear May, June, July and August salary. That was the position at that meeting.

    “It was a big surprise today (yesterday) when the governor said he had discussed with us and we agreed that he should cut workers’ salary. We say no to this and that there is no agreement between us and the governor that workers’ salary should be cut. This is also to inform employers of labour that the last NEC meeting of labour held on August 6 resolved that the law that guides minimum wage allows it to be reviewed after five years of implementation.

    “The minimum wage was approved in 2011. The national headquarters of the NLC is preparing to call for a review of the wage. So if the NLC is agitating for an increase of workers’ salary, why should any government talk of salary cut? To us as labour in the state, this proposal is not acceptable. It is anti-labour, anti-social and unacceptable.”

  • Abia health workers suspend strike

    Health workers in Abia State, under the aegis of Joint Union of Health Workers (JOHESU) have suspended their five-month-old strike. They were protesting unpaid salary arrears.

    It was gathered that the state leadership of the Nigeria Labour Congress (NLC) met with the governor last week, who assured them that he would pay the arrears soon.

    The governor was said to have promised to pay May and July salary within two weeks and to clear the other arrears.

    Following the agreement, NLC convinced the workers to suspend the strike and go back to work.

    A statement by NLC Chairman, Comrade Uchenna Obi-Igwe reads: “NLC Abia State council in collaboration with Joint Union of Health Workers (JOHESU) is suspending its five months strike.

    The suspension takes effect from midnight of Sunday, September 7; normal work resumes on Monday by 8am.”

  • CPS: Workers to access mortgage with  25% RSA balance

    CPS: Workers to access mortgage with 25% RSA balance

    Are you a contributor under the Contributory Pension Scheme (CPS) and a retirement Savings Account (RSA) holder?

    If your answer is yes, then you may soon be able to access up to 25 per cent of your RSA balance and utilise as equity contribution for a residential mortgage loan.

    Twenthy-five per cent of your RSA balance will enable you to access a mortgage loan of between N1.5 million and N50 million.

    This was contained in the draft guidelines on withdrawals from Retirement Savings Account (RSA) towards Equity Contribution for Payment of Residential Mortgage released to the public by the National Pension Commission (PenCom).

    Section 89 (2) of the Pension Reform Act (PRA) 2014 provides that a Pension Fund Administrator (PFA) may, subject to guidelines issued by the Commission, apply a percentage of pension fund assets in the retirement savings account towards payment of equity contribution for payment of residential mortgage by a holder of Retirement Savings Account (RSA).

    Pursuant to the referenced Section 89(2), these guidelines provide the framework for its implementation. It seek to provide the operational modalities for PFAs in determining the eligibility requirements, procedures and documentation required to enable RSA contributors to access and utilize part of their RSA balances towards equity contribution in respect of first home ownership mortgages.

    Meanwhile, a RSA holder shall access a portion of the RSA balance as equity contribution for residential mortgage, only once in a lifetime and may not be entitled to a lump sum payment at retirement.

    The guideline however favors insurance operators as it requires that the property to be purchased by a RSA shall have comprehensive insurance policy in the name of the borrower, to cover the replacement or reinstatement cost of the property. The insurance policy must note the RSA Fund as one of the first loss payees, to cover the equity contribution released by the PFA.

    The general principles in the guideline to access RSA Balance reads: “All applications by RSA holders to access and utilise a percentage of their RSA balances as equity contribution for mortgage loans shall be approved by the Commission.

    “A RSA holder shall access a portion of the RSA balance as equity contribution for residential mortgage, only once in a lifetime. He or she shall make a formal application to the PFA requesting for a portion of the RSA balance as equity contribution for a mortgage loan.

    “A RSA holder that has utilized a portion of the RSA balance as equity contribution for residential mortgage may not be entitled to a lump sum payment at retirement. An eligible RSA holder shall be allowed to access a maximum of 25 per cent of the RSA balance as equity contribution for a mortgage loan.

    “The RSA balance shall be the Value of an Accounting Unit of the Fund (VAUF) of the RSA Fund multiplied by the accounting units held by the RSA holder as at the date the application was received.”

    The guideline further reads that in order to qualify to access the RSA balance as equity contribution for a mortgage loan, the RSA holder must be in active employment, either as a salaried employee or self-employed person.

    He or she must have been contributing consistently for a minimum of 10 years, prior to the application for drawdown.

    “The RSA holder’s Debt to Income ratio shall not exceed 33.33 per cent of his or her net monthly income at the time of applying for the mortgage. The RSA holder’s debt shall be the sum of the monthly mortgage repayments and other personal debt obligations that impact on his monthly income.

    “The RSA holder shall provide the required documentation as required under Section 5.0 and, or other additional documentation requested, from time to time.

    The guideline also read: “An eligible RSA holder shall use the proceeds of the mortgage loan to purchase either a single-family home or an apartment in a multi-unit building, which must be owner-occupied. The title to the property must have a fully perfected title and free from any encumbrance.

    “The property shall have comprehensive insurance policy in the name of the borrower, to cover the replacement or reinstatement cost of the property. The insurance policy must note the RSA Fund as one of the first loss payees, to cover the equity contribution released by the PFA.

    “The valuation of the property to be purchased with the mortgage loan shall be carried out by a licensed, independent valuer who is a member in good standing with the Nigerian Institution of Estate Surveyors & Valuers (NIESV) and must carry Professional Indemnity Insurance with an insurance company licensed and in good standing with National Insurance Commission (NAICOM).

    “The mortgage loan amount shall be a minimum of N1.5Million and a maximum of N50Million and the tenor shall be for a minimum of five years and a maximum of 20 years.”

  • Pay bailout fund into workers’ accounts, CBN orders banks

    Pay bailout fund into workers’ accounts, CBN orders banks

    To ensure that its bail out to states is used to offset outstanding workers’ salaries, the Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) involved in negotiations with state governments, to pay the money into the salary accounts of the workers.

    The DMBs are not expected to hand the bailout cash to the state governments. A CBN source at the weekend who pleaded anonymity said: “The bailout recently approved for state governments by the CBN can only be used to offset workers’ salary arrears and nothing else.

    “DMBs have been instructed to transfer the money to individual workers accounts only. The bank will not pay contractors or any other person that is not on the government’s staff payroll.”

    The CBN source added that the condition for the bailout was strictly for the settlement of workers salary arrears, as a result, it was factored into the conditionalities of the bailout that “states will use it to pay only the salary backlog”.

    One state that has taken the right step towards harmonising its payroll system is Kaduna State, which the CBN official said, has “embarked on a verification exercise to sieve out ghost workers. So, it is after all states interested in benefiting from the bailout do that and know exactly the real number of workers they owe salary arrears that they can come forward to seek intervention from the bailout fund”.

    This condition, it was further learnt, has thrown some state governments into a dilemma because they cannot access more than what is required to settle the backlog of salary arrears which have been a source of embarrassment to many state governments.

    To guard against sharp practices, in accessing the bailout, the sources said: “Banks will have to do their own assessment to see how much the states actually need before releasing the funds. It won’t be far-fetched to see a state that maybe need only N20 million to offset the backlog of salaries asking for N100 million. So, the banks have to check to make sure they are not giving too much to the state governments.

    “The CBN will monitor the negotiations between the state governments and their banks as well as the processes leading up to the eventual release of the bailout to deserving state governments in order to ensure that all parties involved keep to the terms and conditions of the bailout.”

    The Nation was also told that the CBN “will take part in the negotiations between the banks and state governments to make sure that they are given good interest rate. I can’t say how much it will be, but we will make sure it’s at least below normal commercial rates”.

    On what the repayment plan will be for the state governments, the CBN official said: “The repayment plan will be based on how much each state is asking. But the repayment could be spread to up to 20 years. Don’t forget that some of these states are already indebted, so we have to find a way to make sure that this additional loan will not be too heavy on them.”

    The CBN official noted that so far, only two states have accessed the bailout “because so far they are the only ones that have met all the requirements. These requirements include that the states’ Executive Councils and their Houses of Assemblies must agree to the bailout’’.

    “You know some states are yet to appoint commissioners so their executive council is not complete. So they can’t apply until they constitute their State Executive Council.

    “The amount each state can access from the bailout, the source said, would have to be worked out between the state governments and their banks.

    “It is between the two of them. We have no say in it, and also, all DMBs are allowed to take part in it. It’s an open opportunity for all of them,” the soyurce added.

    The CBN official said the bailout money “is not free money, and to make sure that it is paid back, the CBN appealed to DMBs to loan states the money and the states made to issue Irrevocable Standing Payment Order (ISPO) which is more like a first line charge. After FAAC, before any state accessing this loan gets its share, the agreed sum for servicing the loan will be deducted. That’s the essence of the ISPO”.

    He said that 27 states are the ones that have indicated interest, even though the bailout option is available to every state including the FCT. Of the 27 states involved, funds have been disbursed to only two states namely Zamfara and Kwara States that met the requirements as agreed with their respective banks.

    The CBN last week approved that the DMBs lend money to some states to pay salary arrears owed their workers. A statement from the CBN explained that it granted the approval following the request by DMBs “to provide financial accommodation to State Governments to enable them to pay the backlog of salaries of their workers.”

  • Alausa mini-market strictly for govt workers

    Alausa Mini-Market, established  32 years ago can be referred to as a shopping complex set up to accommodate residents, travellers or passers-by but most importantly, workers. The mini-market is sited in office areas to make it accessible for corporate workers especially government workers who constitute the larger part of their customers.

    The mini market which is very organised is made up of shops, stores, a bakery, supermarkets, canteen, and fashion shop with various names such as Bread Winner Bakery, Olympia Business Centre, Time Supermarket, Bisod Enterprises, Kash Klassic and the likes in contrast to the sheds, stands that are found in traditional market of the day.

    Stationeries, shirts, trousers, shoes, perfumes, voile lace, designers bags, wrist watches, Guinea brocade, jewelleries, ladies slippers, bread accessories and the likes are on display to attract the corporate workers and other prospective customers. Services such as lamination, photocopying, typing, printing, binding of documents are also available.

    Most of the goods sold in the market are of high quality because of the calibre of the customers, hence, an increase in price. A worker of the Bread Winner Bakery, Mary Osundaunsi told The Nation shopping why their bread price is higher than the local made bread.

    “We produce loaves of high quality to suit the taste of our customers, which is why we have different types of bread such as Fish loaf sold for N150, Family loaf sold for N250 and the fruit bread which comes in small and big sizes of N150 and N200 in order to open our customers to having a range of choice,” she said.