Connect with us

E-News

FEPPPAN Tells Members To Shun Friday Protest 

Published

on

The leadership of the Federal Parastatals and Private Sector Pensioners Association of Nigeria, FEPPPAN, has directed its members not to participate in the planned protest on implementation of minimum pension slated for Friday April 23.

The Nigerian Union of Pensioners, NUP, planned to embark on nation-wide protest over the non implementation of national minimum pension.
FEPPPAN in a statement by its President-General, Temple Ubani, said its National Administrative Council, NAC, had earlier engaged the government on the matter and was given a satisfactory response.
According to him, the “Federal Government was at the final stages of approving, issuance of circular and implementation of the negotiated adjustments for pensioners.”
He reiterated its call for President Muhammadu Buhari, to speedily intervene and ensure that pensions adjustment for Pensioners be implemented without further delays to forestall imminent embarrassing actions by the senior citizens.
He said, “Consequent upon the signing of the Minimum Wage Act by President Muhammadu Buhari in 2019 and the implementation of the law for the active workers of the Federal Government of Nigeria, FEPPPAN and other sister pension unions have been variously prevailing on government to implement the Pensioners component of the law in accordance with the Constitution of Nigeria 1999 as Amended.
“Furthermore on the 1st of March 2021, FEPPPAN wrote a passionate open Appeal to Mr. President and copied all relevant government agencies and stakeholders on the subject. The letter which was delivered to the addressees hard copies were also published in the print and online media.
“As a follow-up, on the matter the National Administrative Council NAC of FEPPPAN further took up the Executive Secretary of PTAD Dr. Mrs. Chioma Ejikeme on the matter, at a scheduled meeting of both parties held at the Directorate’s headquarters in Abuja on the 15th April 2021.
“The Executive Secretary PTAD reiterated that the Federal Government was at the final stages of approving, issuance of circular and implementation of the negotiated adjustments for the Pensioners. She expressed the hope that the process would be concluded in two months time latest.
“Dr. Ejikeme described as unnecessary for the Pensioners to embark on any street protests which might portray them as being ungrateful or insensitive to President Buhari’s commitment to the welfare and well-being of the Senior Citizens through regular and prompt payment of monthly Pensions and arrears.
“However, FEPPPAN NAC members assured the meeting that our Union had no plans to immediately embark on any mass action or street protests against the Administration of President Buhari as a mark of honour and appreciation for his safe return to office from medical trip abroad.
“We therefore appeal once more for the President’s intervention so that the Pensions adjustment for Pensioners will be implemented without further delays to forestall imminent embarrassing actions by the Senior Citizens.
“In the circumstances all parastatals and private sector pensioners are directed to refrain from participating in any street protests on account of the delayed pensions adjustment.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Banks’ CEOs Hold Emergency Meeting Over BDCs’ Forex Ban 

Published

on

By

Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive of the Central Bank of Nigeria.

After the meeting, they spoke during a webinar organised to give an update on the banks’ preparedness to be the main channel of forex distribution, following the recent discontinuity of forex supply to the BDC operators by the CBN.

The executives assured the public that banks would make forex available to customers in accordance with the CBN’s directives.

After the last Monetary Policy Committee meeting, the Central Bank Governor, Godwin Emefiele, had ordered all Deposit Money Banks to set up teller points at designated branches across the country to fulfil legitimate FX request for personal travel allowance, business travel allowance, tuition fees, medical payments and SMEs transactions, among others.

Speaking at the webinar, the Group Managing Director/Chief Executive Officer, Access Bank Plc, Herbert Wigwe, said, “The banking industry as a whole was willing and ready to carry out this function. The banks have very strict compliance measures, in terms of verification and making sure that people who do apply are eligible.

“All Nigerian banks will be able to meet these requirements. If you look at all the branches nationwide, you will know that the banks have more than enough capacity to do this.”

He said if the banks saw any compliance issues, or people attempting to do things cunning, they would be reported to the CBN because the banks would ensure full compliance with the order.

The Group Chief Executive Officer, Guaranty Trust Holding Company Plc, Mr Segun Agbaje, while speaking on the capacity of the banks to meet the customers demand, said, “It is not only the CBN that has the ability to fund the market; the banks also have the resources to meet the demand, and we have agreed collectively that it will start immediately.”

Continue Reading

E-News

Nigeria Needs $2.3tn To Address Infrastructure Deficit, Says FG

Published

on

By

Secretary to the Government of the Federation, Boss Mustapha, said that the country need $2.3tn to address its national integrated infrastructure masterplan.

He said this in Abuja on Thursday at a town hall meeting themed: ‘Nigeria’s infrastructure revolution: Road to a new future’, organised by Business Hallmark.

According to him, the 23-year masterplan (2020-2043) is for the development of infrastructure including roads, railway network and maritime sector.

The event was chaired by a former national chairman of the All Progressives Congress and former governor of Edo State, Chief John Odigie-Oyegun.

Mustapha said, “Conscious of the economic disruption caused by 2016 recession and COVID-19 as well as challenges of previous reforms, the Federal Government revised the 23 year (2020-2043) national integrated infrastructure masterplan that identified critical enablers.

“For the 23-year period, $2.3tn will be required, translating to about $150bn annually and the private sector and other partners have to provide 56 per cent, while Federal Government and state governments will provide 44 per cent of the share of the investment.

“The Federal Government has made important strides towards providing much of our infrastructure and has, in recent years, conducted several infrastructural reforms.

“Specifically, we are extending and upgrading the nation’s railway network and introducing more locomotive couches. The port sector has been converted to landlocked model and terminal.

“Similarly, Public Private Partnership style infrastructure company with an initial seed capital of N1tn envisaging to grow over time to N6tn in assets and capital has been established and will soon commence operation.

“It will be one of the premier finance entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development.

“The reduction in Nigeria’s infrastructural gap will also give the country a competitive advantage under the newly signed Africa Free Continental Area Trade Agreement.”

The Minister of Water Resources, Suleiman Adamu, deplored the water crises in Nigeria saying no community in the country enjoyed water supply always.

He said, “In 1992, 30 per cent of the Nigerian population was enjoying pipe-borne water and as of 2015, it had dropped to seven per cent.

“In 2015, we were at 68 per cent national coverage for access to water and as of today, we are at 70 per cent and maybe by the time the result for 2021 comes out, we might be at 71 per cent to 72 per cent.

“As for water quality, 90 per cent of water consumed, including water from the boreholes, are contaminated and water is the basic necessity of life.”

Oyegun, in his contribution at the event, said six years going, the performance of the regime of the President, Major General Muhammadu Buhari (retd.), had been mixed.

Continue Reading

Business

NERC: Over 1m Electricity Consumers Have Received Prepaid Meters

Published

on

By

Prev1 of 2
Use your ← → (arrow) keys to browse
Prev1 of 2
Use your ← → (arrow) keys to browse

Continue Reading