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Page 78 - ப்ரோக்ரெஸிவ்ஸ் மாபெரும் கூட்டணி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Report: Inflation Eroding Value of Minimum Wage

By Peter Uzoho The rise of inflation is eroding the value of minimum wage in Nigeria, a report by the Financial Derivatives Company (FDC) has stated. The report also projected that the continuous rise in the price of crude oil coupled with reduction in subsidy payments and improved tax collection, the monthly disbursements by the Federal Accounts Allocation Committee (FAAC) would increase to N700 billion for this month. The latest FDC monthly economy outlook report obtained by THISDAY yesterday, said the high inflationary pressure subsequently resulted in the collapse of disposable income amongst workers. The N30,000 minimum wage in Nigeria, which is not even fully implemented by all the states, is low compared to its peer countries like South Africa with ($232.03) and Egypt with ($128.22), the report said.

Orji Uzor-Kalu s younger brother clinches APC ticket for vacant house of reps seat

The APC had organised a primary election, on Tuesday, ahead of the March 27 exercise. Barr. Bisi Idaomi, chairman of the electoral committee, announced that Mascot polled 23,248 from the 13 electoral wards of Aba North Local Government Area and 23, 977 from the 12 electoral wards of Aba South Local Government Area. He was declared the winner of the election, with a total of 47,225 votes from the two Local Government Areas that make up the Aba North/Aba South Federal Constituency. Idaomi also announced that Mascot contested as sole aspirant, following the disqualification of Dr Nwokeocha Ogbonnaya Eze, who also bought form for the primary.

Insecurity : It Is Time For Buhari To Sit Up And Tighten His Belt – Shinkafi

  The President Muhammadu Buhari-led federal government has been asked to tighten its belt to address the prevailing insecurity currently facing the country. A chieftain of the All Progressives Grand Alliance (APGA) in Zamfara State, Abdullahi Shinkafi made the call while addressing newsmen regarding the state of the Nation. Shinkafi said no part of Nigeria is devoid of the security threats currently being faced. He asked President Buhari to tackle the prevalent abductions, cattle rustlings, killings, and other crimes to ensure a peaceful Nigeria. He appealed to the new service chiefs to deal decisively with anyone found with sophisticated rifles as ordered by President Buhari, as to enable peace to reign in the country.

Breaking News | Breaking News Zamfara APC members gave bandits N56m to hold Jangebe schoolgirls

Again, South East Governors, Other Political Leaders Shun Bipartisan Regional Meeting Convened By Senator Kalu

Again, South East Governors, Other Political Leaders Shun Bipartisan Regional Meeting Convened By Senator Kalu
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