Fare hike: NURTW, RTEAN on collision course in Ondo Fare hike: NURTW, RTEAN on collision course in Ondo
• Govt not part of the ploy, people have the right to reject the increase - State govt
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Commercial drivers under the umbrella of National Union of Road Transport Workers (NURTW) and Road Transport Employers Association of Nigeria (RTEAN) in Ondo State are on collision course over the hike in intra-city transport fares in Akure metropolis and other parts of the state.
Some members of the NURTW in the state have increased the taxi fare from N50 to N100 following the upward review of the daily ticket by the union in the state.
The expression “informal economy” encompasses a huge diversity of situations and phenomena in the country. However, working in the informal economy is often characterized by small or undefined workplaces, unsafe and unhealthy working conditions, unregulated, low levels of skills and productivity, low or irregular incomes, long working hours, and lack of access to information, markets, finance, training, and technology. The activities that occur outside the legal framework are considered informal. The informal economy can be seen either as the nature of the enterprise operation or the nature of employment relationship that exists in the business. That said, millions of Nigerians especially those that reside in the economic hub of the country, Lagos State –live, work, trade and produce in this informal economy and also engage the vulnerable citizens. From context observation, the informal sector in Nigeria is bigger than the formal sector in terms of employment and output year on
Archbishop Sam Zuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading.