Ships & Ports

Andrew-Yakubu

Seized $9.8m: Ex-NNPC boss, Andrew Yakubu drags EFCC to court

Former Group Managing Director of the National Nigerian Petroleum Corporation (NNPC), Andrew Yakubu has dragged the Economic and Financial Crimes Commission (EFCC) over...

Osinbajo expects economy to pick up after sluggish Q2

Osinbajo directs oil companies to relocate headquarters to Niger-Delta

Acting President, Prof. Yemi Osinbajo has directed the International Oil Companies operating in the Niger-Delta region to relocate their headquarters to their States of...

Saraki assets

Saraki inaugurates technical committee on transport bills

In his desire to ensure that critical economic bills pending before the Senate get necessary technical input from industry players to make for efficiency and...

CBN to inject more dollars into forex market

The Central Bank of Nigeria (CBN) will on Saturday pump more dollars into the foreign exchange market in continuation of its strategy to further strengthen the value of...

The Nigeria Labour Congress (NLC) is objecting to any plan by government to increase the Value Added Tax (VAT). The NLC declared Friday that any such move would further impoverish Nigerians. It said that instead of increasing VAT and thereby placing more burden on the people, government  should go after all individual tax dodgers and  multinationals that are in the habit of not paying tax, but prefer to negotiate what they want to pay. The NLC position was made by its President; Ayuba Wabba represented by the Head of Information, Comrade Benson Ukpah at the presentation of a book entitled "Developmental Unionism" in Abuja. Wabba also lamented the current division within the rank of organised labour in the country saying it is weakening the bargaining power of the Nigerian worker to the advantage of employers and government. Wabba said it was unfortunate that while capital is consolidating, leading to some transnational corporations far richer and far stronger than government, unions are fragmenting and doing the exact opposite. He said: "If you look at the social partners, whereas the government has power and resources and employers have resources, unions do not have the material resources the two other social partners have except their labour as well as strength in their unity and this should not be discountenanced." He said the working class people in the country are more hit by the current economic challenges in the country because "our economy is going through challenges that are unprecedented." "In fact, not even the unfortunate civil war created this kind of situation for Nigerians. When we have challenges in the economy, they directly translate into the working and living conditions of workers. "Thischallenges also directly affect our unions. When salaries and pensions are not regularly paid, they transmit poverty and suffering to our homes. "When inflation rises without commensurate rise in pay, this reduces the capacity and purchasing power of the worker and reduces the quality of food and standard of living of the worker. The present economic challenges are directly felt more by workers than any other member of the Nigerian community. "The other challenge we face in the world of work at the moment is that while  capital is consolidating, leading to a situation where we have transnational corporations far richer and far stronger than national government, unions are fragmenting and doing the exact opposite. So, this further weakens the bargaining power of unions because strength lies in unity. "The other challenge we have is that while capital is able to move, Labour is not allowed to move. Each time there is a project of Foreign Direct Investment, the government welcomes them with open hands. "Whenever some of our political leaders take our money and take it outside the country, nobody questions them. The billions of naira that has been taken out of this country was done with the aid of foreign collaborators. He stressed the need for every Nigerian to join in fighting corruption. "Corruption has eaten into the fabrics of this country and we must fight it and restore the integrity and honour of this country so that our children can stay back here and not be treated like dogs in South Africa. Author of the book, Comrade David Kayode Ehindero called for a united labour movement in the country, while government and corporate organisations should entrench welfarist policies in their day to day activities. Ehindero who is the Chairman of the Kwajalein state chapter Agricultural and Allied Employees Union of Nigeria said there was the need for organised labour to come together in the spirit of patriotism and value placement to achieve a realistic development and advancement.

NLC says no to VAT increase plan

The Nigeria Labour Congress (NLC) is objecting to any plan by government to increase the Value Added Tax (VAT). The NLC declared Friday that any such move would further...

Former Ambassador of the United States of America to the United Nations Andrew Young

Nigeria destined for greatness – Former US Ambassador

Former Ambassador of the United States of America to the United Nations Andrew Young, has described Nigeria as a nation destined to be great. Young made the observation...

SON arrests two Chinese for importing N5bn fake tyres

Fake tyre importation: SON clarifies role

The Standards Organisation of Nigeria (SON) has clarified its role in the clearance of products at the country’s entry points, saying the agency was not properly...

Nigerian-immigrants-return-from-Libya

Another 180 Nigerians return from Libya on Tuesday

Another 180 Nigerians are expected back in Nigeria from Libya on Tuesday. The Senior Special Assistant to the President on Foreign Affairs and Diaspora, Abike...

USS-Carl-Vinson

U.S. carrier puts on show of ‘commitment’, not power, in South China Sea

The flight deck of the USS Carl Vinson shakes as a succession of F-18 fighter jets are catapulted into take-off, emitting a thunderous noise and leaving white mist in...

Jide-Omokore

Oil firms linked to Diezani ally Omokore breached $1.6 billion contractual agreement-NPDC MD

The managing director, Nigerian Petroleum Development Company Limited (NPDC), Yusufu Matashi, on Thursday told Justice Nnamdi Dimgba of the Federal High Court in Abuja...

Missing N49bn: Jonathan slams Amaechi

Former President Goodluck Jonathan has denied claims by Transport Minister, Rotimi Amaechi, that an alleged $49 billion got missing from the Nigerian National Petroleum...

Olusegun-Obasanjo

Obasanjo: Neglect of private sector retarding growth

Former President Olusegun Obasanjo yesterday attributed the slow rate of infrastructural development in Nigeria to lack of synergy between the public and private...