A Niger Delta human rights activist, Israel Joe has reacted to the recent new minimum wage approved by the President Bola Tinubu government....Click Here To Continue Reading>>

He called on the federal government to place politicians irrespective of their rankings in the country on seventy thousand naira minimum wage like civil servants.

Comrade Joe made the call in a statement sent to newsmen in Warri, Delta State

He argued that if ₦70,000, minimum wage is good for civil servants, it should also be good for politicians.

He stressed that citizens have equal rights to better living and welfare.

Joe, however, asked workers not to celebrate the increase in the minimum wage but to sorrow over it, saying, “My simple opinion is that the minimum wage can’t even purchase a bag of rice and we should not joy over what we should sorrow over.”

He expressed sadness that a country with so much wealth would have to pay its workforce a minimum wage of less than $50 (dollars).

“Our workers have finally settled for servitude and slavery.”

Comrade Joe appreciated the leadership of the Nigeria Labour Congress and the Trade Union Congress, TUC for raising the bar to 100%...Read Full Article

Veteran journalist and Chairman, Ovation Media Group, Chief Dele Momodu, has called on President Bola Tinubu, to rise to the occasion of governance, and cease frittering the nation’s resources for his selfish interest of securing a second term in office

Momodu made this assertion in an open letter he wrote to the president via his social media handles, sounding an alarm that “Nigeria is in big trouble”.

He advised the president to face the business of governance as it is only performance that can guarantee him a second term in office. He noted that there is urgent for the Tinubu-led government to “stop this reckless propensity for wasting scarce resources.”

He informed Tinubu that “Purchasing Presidential jets, building outlandish monuments, distributing cash as palliatives, etc, are signs of a failed and careless government”, adding that “If you can curb the excessive spending of your government, you will free up a lot of resources for serious development.”…Read Full Article

President Bola Ahmed Tinubu’s call for Nigerians to make sacrifices to achieve the country’s greatness has sparked widespread criticism and demands for him to lead by example....Click Here To Continue Reading>>

Nigerians, civil society organizations, and opposition parties like the Peoples Democratic Party (PDP) and Young Progressives Party (YPP) have urged the president and his administration to demonstrate sacrifices before asking citizens to do the same.

Tinubu had while addressing journalists after observing the Eid-el Kabir prayer at Dodan Barracks, Lagos, on Sunday, said that Nigerians must follow the path of sacrifice to make the nation great.

“Being a very good citizen comes with responsibility. As citizens, what do you do to be a very committed member of our society? Go and sacrifice. Love your country, love your neighbours, share what you have with one another and be thankful to Almighty God. That’s all,” he had said.

However, his comment has been met with anger and frustration.

Many Nigerians who are struggling with poverty, inflation, and hardship feel that the government has failed to fulfil its promises and provide basic necessities like security, electricity, and infrastructure.

Critics argue that the government’s removal of fuel subsidies, increase in electricity tariffs, and introduction of new taxes have further burdened citizens, making it unfair to ask for more sacrifices without providing relief or social safety nets.

They point out that the cost of governance is high, and the president and his appointees should reduce their own expenses and lead by example.

An economist and lecturer at Saadatu Rimi University of Education, Kumbotso, Kano, who is also the Director, Fiscal Discipline and Development Advocacy Centre (FIDAC), Dr. Abdulsalam Kani, said the government had failed to fulfil its promises made to Nigerians.

“The government has removed fuel subsidy and increased electricity tariff, plunging many into difficulty. Nigerians were promised that Port Harcourt refinery will begin production in December last year, and that has not happened. Despite these and the failure of the administration to fulfil promises, they are making plans to buy new aircraft for the president and vice president,” he said.

The Secretary-General, Nigeria Political Science Association (NPSA), Dr Bakare Adegbola, said: “The statement of the president is a normal thing politicians say during eid celebrations, especially Eid-el Kabir, which is all about sacrifice. But when politically contextualised, then we begin to read meanings to it.

“An average politician cannot make sacrifices in terms of what they get when they get into power because they see the position as a business investment and must recoup their money,” he said.

“However, before demanding such from the masses, he should have shown that he is leading from the front. The cost of governance is too high and yet, we are talking about buying new carriers for the president when we already have ten. Why not sell some of those ageing ones?

“The number of cars in their convoys has shown that they are not making any sacrifice. They need to govern by example and take the lead in their campaign of sacrifice,” he said.

Abdullateef Abubakar, a resident of Kano, said the Tinubu administration should rather reduce cost of governance instead of asking poor Nigerians to make sacrifices.

He said the president made so much appointments who are paid allowances from the government’s coffers.

“People are really facing difficulties. Food is beyond the reach of many families. What else do they want people to do,” he asked.

The PDP and YPP have called on the president to stop corruption and profligacy in his government and demonstrate sacrifices before asking Nigerians to do the same.

The Peoples Democratic Party (PDP), the main opposition party, has urged President Tinubu to tackle corruption within his administration and lead by example before calling on Nigerians to make sacrifices. According to the party’s National Publicity Secretary, Debo Ologunagba, “If you look at our recent outing on the state of affairs in the country, we have told the president to take action and reduce profligacy and corruption in government.

“Yes, we agreed that every citizen needs to make sacrifices, but the leadership must lead by example; the government should show the way in making sacrifices by leading by example. That way, the people will be connected to the government.

“What we are saying as a party is that there are times everyone must make sacrifice for the good of the country, but the government must show the way by example; because that is the only way the people can be connected to the government.

“What is happening is that Nigerians have resorted to providing their own security, they have taken over the role of government, because government has apparently failed them and they are disappointed”, he said.

Ologunagba also said because of the situation in the country, “Majority of Nigerians have completely lost confidence in the APC government, which has failed to articulate any clear-cut, development-oriented policy direction that is geared towards guaranteeing the security and economic wellbeing of the people, leading to despondency and uncertainty”.

Veteran journalist and Chairman, Ovation Media Group, Chief Dele Momodu, has called on President Bola Tinubu, to rise to the occasion of governance, and cease frittering the nation’s resources for his selfish interest of securing a second term in office.…Read Full Article ...Click Here To Continue Reading>>

Momodu made this assertion in an open letter he wrote to the president via his social media handles, sounding an alarm that “Nigeria is in big trouble”.

He advised the president to face the business of governance as it is only performance that can guarantee him a second term in office. He noted that there is urgent for the Tinubu-led government to “stop this reckless propensity for wasting scarce resources.”

He informed Tinubu that “Purchasing Presidential jets, building outlandish monuments, distributing cash as palliatives, etc, are signs of a failed and careless government”, adding that “If you can curb the excessive spending of your government, you will free up a lot of resources for serious development.”

He also told the president to beware of praise singers, who do not mean well him, stressing that the person of Senator Ali Ndume, who recently criticized him, and lost his Senate Chief Whip position, is someone he should listen to.

He added that the Minister of the FCT, Mr. Nyesom Wike deserves to be disciplined for his roles in the problem in Rivers State.

URGENT MESSAGE FOR PRESIDENT TINUBU

Your Excellency, I have decided to write this open letter to you as a concerned friend and Brother. As you’re aware, I’m a member of opposition but you and I have had a long history together. I owe you only one thing, TRUTH. It is very obvious that the first thing that takes flight in the Presidential villa is TRUTH. The reason is simple. Some Nigerians are experts in hijacking men and women of power. The deification process is often swift and irreversible. I’m writing you today, not because I expect you to act on my suggestions, but to put it on record that someone gave you the true picture of things. I’m also hoping that some of your friends will read and interpret to you, in a sober moment…

1. Nigeria is in big trouble. Our economy has virtually collapsed. And what’s the way out? You’ve been wasting too much money at a time that requires absolute frugality. Please, stop this reckless propensity for wasting scarce resources. Purchasing Presidential jets, building outlandish monuments, distributing cash as palliatives, etc, are signs of a failed and careless government. If you can curb the excessive spending of your government, you will free up a lot of resources for serious development.

2. I believe you’re frittering away our resources because you desperately crave a second term. But the best assurance of a second term is PERFORMANCE. Nigerians are not expecting you to turn water into wine but they don’t want you to turn their wines into water. Here are my tips: invest in vocational skills for our highly talented youths who can demonstrate their capacity for hard work. Invest heavily in local agriculture. Upgrade our institutions of learning. Giving cash to politicians to distribute is unhealthy and unhelpful… It is the height of cluelessness.

3. In the name of God, beware of those hero-worshippers at the National Assembly who have turned you into God. NDUME is your best friend. Listen to him. There’s danger ahead. 4. You must enforce DISCIPLINE as a leader. Your new disciple, NYESOM WIKE, has publicly disrespected you in the FUBARA matter. You need to sanction him before he throws Nigeria into total chaos.…Read Full Article

Amount of write off or advanced. Into the showing one discount or superior 1st rates, the newest collector can get see an economy otherwise advanced it enjoys made use of within the 6 months preceding preparation of one’s disclosures, and really should divulge the dismiss otherwise superior is one one the new collector has utilized has just. This new write off otherwise premium shall be shown about example getting for as long as its essentially. The fresh collector will get believe that a cost savings otherwise premium who would come in feeling when it comes to section of a-year is actually in essence into full year to have reason for showing they in the historical example.…Read Full Article ...Click Here To Continue Reading>>

5. Rates limits. Limitations into both periodic and you can maximum costs should be reflected during the the fresh new historical analogy. In the event that range out-of rates limits are provided below (d)(12)(ix), the highest costs provided in those selections must be used from inside the the fresh new example. Speed limits that can apply more frequently than per year shall be handled since if these people were annual constraints. Like, in the event the a creditor imposes a-1% cover twice yearly, this needs to be shown on example as if they was indeed a two% annual limit.

6. Believed improves. Once the talked about on the reviews in order to (d)(5), financial institutions shouldn’t guess an extra advance try drawn from the beginning of people fees period. (Understand the responses so you’re able to (d)(5) to possess a dialogue of your activities in which a creditor could possibly get play with less a fantastic balance.)

No extra historic example would be expected to echo payments to own the fresh installment months

7. Representative fee possibilities. The brand new collector does not have to give an enthusiastic historical example for all regarding the individuals commission choices, but can look for a representative commission choice in this each one of the around three kinds of costs upon which to foot their revelation. (See the reviews in order to (d)(5).)

8. Percentage recommendations. we. The newest payment numbers in the historical example need to reflect most of the significant system words. Eg, features like rate and you can payment hats, a marked down very first rates, negative amortization, and speed carryover should be considered inside figuring this new commission numbers when the these types of would have used on the plan. Brand new historic analogy will include money getting as frequently of your duration of the program while the would are present during the a beneficial 15-seasons period. Such as for example:

A great. If the mark several months are a decade additionally the payment months was fifteen years, the fresh analogy is always to illustrate the entire ten-year mark months plus the first 5 years of payment period.

B. When your duration of the fresh new mark period try fifteen years and you can there can be a good fifteen-year fees phase, this new historic analogy have to mirror the fresh costs into the 15-year draw months and you will won’t inform you any of the cost several months.

The newest creditor is always to believe that new $10,100000 equilibrium are an upfront removed at the beginning of the fresh new first charging you period that’s quicker with regards to the regards to the program, and therefore the consumer takes no subsequent draws

C. If for example the duration of the program are less than fifteen years, payments about historic analogy you prefer only be revealed to your number of years on name. In such instances, yet not, this new collector need certainly to inform you the brand new index opinions, margin and you may yearly percentage costs and you will always echo the high bundle terminology for example rates restrictions for the whole 15 years.

ii. A collector need reveal merely a single fee annually when you look at the this new analogy, regardless of if repayments can vary during the per year. The computations would be based on the actual fee calculation formula, whilst collector can get assume that all the weeks keeps an equal number of weeks cash loan till payday. The fresh new creditor could possibly get assume that repayments are produced on the past day’s this new recharging cycle, new charging you big date or perhaps the payment deadline, however, should be consistent in how where months familiar with instruct commission information is selected. Facts about balloon costs and you can leftover equilibrium ple.
…Read Full Article

President Bola Ahmed Tinubu’s call for Nigerians to make sacrifices to achieve the country’s greatness has sparked widespread criticism and demands for him to lead by example....Click Here To Continue Reading>>

Nigerians, civil society organizations, and opposition parties like the Peoples Democratic Party (PDP) and Young Progressives Party (YPP) have urged the president and his administration to demonstrate sacrifices before asking citizens to do the same.

Tinubu had while addressing journalists after observing the Eid-el Kabir prayer at Dodan Barracks, Lagos, on Sunday, said that Nigerians must follow the path of sacrifice to make the nation great.

“Being a very good citizen comes with responsibility. As citizens, what do you do to be a very committed member of our society? Go and sacrifice. Love your country, love your neighbours, share what you have with one another and be thankful to Almighty God. That’s all,” he had said.

However, his comment has been met with anger and frustration.

Many Nigerians who are struggling with poverty, inflation, and hardship feel that the government has failed to fulfil its promises and provide basic necessities like security, electricity, and infrastructure.

Critics argue that the government’s removal of fuel subsidies, increase in electricity tariffs, and introduction of new taxes have further burdened citizens, making it unfair to ask for more sacrifices without providing relief or social safety nets.

They point out that the cost of governance is high, and the president and his appointees should reduce their own expenses and lead by example.

An economist and lecturer at Saadatu Rimi University of Education, Kumbotso, Kano, who is also the Director, Fiscal Discipline and Development Advocacy Centre (FIDAC), Dr. Abdulsalam Kani, said the government had failed to fulfil its promises made to Nigerians.

“The government has removed fuel subsidy and increased electricity tariff, plunging many into difficulty. Nigerians were promised that Port Harcourt refinery will begin production in December last year, and that has not happened. Despite these and the failure of the administration to fulfil promises, they are making plans to buy new aircraft for the president and vice president,” he said.

The Secretary-General, Nigeria Political Science Association (NPSA), Dr Bakare Adegbola, said: “The statement of the president is a normal thing politicians say during eid celebrations, especially Eid-el Kabir, which is all about sacrifice. But when politically contextualised, then we begin to read meanings to it.

“An average politician cannot make sacrifices in terms of what they get when they get into power because they see the position as a business investment and must recoup their money,” he said.

“However, before demanding such from the masses, he should have shown that he is leading from the front. The cost of governance is too high and yet, we are talking about buying new carriers for the president when we already have ten. Why not sell some of those ageing ones?

“The number of cars in their convoys has shown that they are not making any sacrifice. They need to govern by example and take the lead in their campaign of sacrifice,” he said.

Abdullateef Abubakar, a resident of Kano, said the Tinubu administration should rather reduce cost of governance instead of asking poor Nigerians to make sacrifices.

He said the president made so much appointments who are paid allowances from the government’s coffers.

“People are really facing difficulties. Food is beyond the reach of many families. What else do they want people to do,” he asked.

The PDP and YPP have called on the president to stop corruption and profligacy in his government and demonstrate sacrifices before asking Nigerians to do the same.

The Peoples Democratic Party (PDP), the main opposition party, has urged President Tinubu to tackle corruption within his administration and lead by example before calling on Nigerians to make sacrifices. According to the party’s National Publicity Secretary, Debo Ologunagba, “If you look at our recent outing on the state of affairs in the country, we have told the president to take action and reduce profligacy and corruption in government.

“Yes, we agreed that every citizen needs to make sacrifices, but the leadership must lead by example; the government should show the way in making sacrifices by leading by example. That way, the people will be connected to the government.

“What we are saying as a party is that there are times everyone must make sacrifice for the good of the country, but the government must show the way by example; because that is the only way the people can be connected to the government.

“What is happening is that Nigerians have resorted to providing their own security, they have taken over the role of government, because government has apparently failed them and they are disappointed”, he said.

Ologunagba also said because of the situation in the country, “Majority of Nigerians have completely lost confidence in the APC government, which has failed to articulate any clear-cut, development-oriented policy direction that is geared towards guaranteeing the security and economic wellbeing of the people, leading to despondency and uncertainty”.