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Nigeria Plans To Increase Minimum Wage To Conform With The Current Reality

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The federal government of Nigeria recently disclosed its plan to increase the minimum wage of workers in the country following the current reality.

This was disclosed by the Minister of Labour and Employment Dr. Chris Ngige, while addressing members of the Nigeria Labour Congress, NLC at a public presentation of a publication titled, “Contemporary History of Working Class Struggles.”

The minister disclosed that the intentions of the government to increase the minimum wage of workers in the country, was due to the current global inflation that has ravaged the global economies as well as negatively impacting the purchasing power of citizens.

He expressed delight that the 2019 Minimum Wage Act included a new clause for a review which would make it easier for the government.

He further disclosed that the President Buhari-led administration had already begun the wage adjustment with members of the Academic Staff Union of Universities, ASUU.

In his words, “The inflation is worldwide, we shall adjust the minimum wage in conformity with what is happening and much more important, the 2019 Minimum Wage Act has a new clause for a review.

“That adjustment has started with the Academic Staff Union of Universities (ASUU), because the stage they are, with their primary employers, the Ministry of Education, is a Collective Bargaining Agreement, CBA, negotiations”.

“Under the principles of offer and acceptance, which is that of collective bargaining, ASUU can look at the offer they gave us and make a counter offer, but they have not done that.

“If they do that, we are bound to look at their offer. These are the ingredients of collective negotiations. If you don’t work, you won’t eat,” adding that labor provided the riches of any nation as well as the prosperity of every family”.

The labor minister further stated that looking at how unfriendly the economic situation is, the current minimum wage of N30,000 would not in the present economic reality pay workers’ transportation fares to work for a month.

Even before the world witnessed a global inflation, coupled with Nigeria’s harsh economic condition, the minimum has since inception never been enough for workers to cater for their household.

With the constant devaluation of the Naira and the rise in the price of foodstuffs/commodities, workers in Nigeria have had their purchasing power affected.

It is disheartening that Nigeria’s inflation rate continues to rise while the minimum wage has not in any way improved, thereby empowering the lives of citizens.

Statistics disclose that prices of goods and services, measured by the Consumer Price Index, increased by 15.63 percent in December 2021 when compared to the previous year.

Given the country’s constant increase in the price of goods and services, unemployment, insecurity, among others, is it then not expedient for the government to increase the minimum wage of workers.

The poverty index pegs extreme poverty at those living on less than US$1.90 a day. In Nigeria, the minimum wage currently amounts to about US$1.75 per day, which reveals how a large percentage of Nigerian workers are perilously close to extreme poverty.

PDP and the Burden Ahead: Convincing Voters that After Jettisoning Constitution that Policy Documents Will Survive

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PDP is in trouble. This is what happens when a people decide to disregard order. Yes, when PDP decided to jettison its constitution, causing troubles for many of us who, using that constitution, made my predictions, the path to ascension became murkier. But as this show happens (Wike’s request that Ayu resigns before his group will support Atiku’s quest for Nigerian presidency), my suggestion to PDP members is this: do not think any of Wike, Atiku or Ayu is a victim. The only victim here is the PDP constitution which governs the rule of engagement for the members (you can add the PDP members).

As a student in FUTO, I served in the committee which reviewed the Students Union Constitution. FUTO students had a really great one as the elections were usually free and fair. When they invited me to join the committee, I felt it was a noble thing to do, as a revamped constitution could even help those coming after me. I had served as the Director of Research SEEES with a decent political experience as a student.

In the village, I served as the inaugural president of the age and led the writing of the first constitution. So looking at the PDP constitution, it was self-evident on how offices would be zoned: the 2023 presidential nominee was going to come from Southern Nigeria! Then magically, that was jettisoned. 

But looking deeper, the PDP constitution had a poison pill: if you just put it between North and South, you can have a scenario where two zones (of our 6) could rotate the slots. That was the problem. Governor Wike (Southsouth) wanted the job, drawing on the South’s turn. But he did not consider that Jonathan (SS) had it last. 

PDP constitution was self-evident: the 2023 presidential nominee was going to come from Southern Nigeria! But something was unwritten: South is not just enough; in that South, southeast had a turn. And that was the problem. To avert that, PDP jettisoned its constitution and served a poison pill. Can a party which cannot honour its constitution produce a campaign manifesto Nigerians can trust?

In other words, just going to South and sub-going to SS was not fair to Southeast which never had it, considering that Southwest via Obasanjo had it. Without that consensus, Atiku had an opening: if this is not going to SE, let it be open to all. Mr Ayu was the “umpire” and played along – the party chemistry was broken.

These politicians will reconcile but I am not sure there is really a basis to believe what they are currently promising to Nigerians. Why? A party which cannot even follow its constitution will have to work harder to convince people that those policy documents and campaign promises would be honoured should it take over power.

The crisis rocking the Peoples Democratic Party took a new dimension on Friday with the Rivers State Governor, Nyesom Wike, making a series of allegations against the Chairman, Iyorchia Ayu, and the party’s presidential candidate, Atiku Abubakar, among others.

While the PDP is waiving the olive branch in the direction of the governor, Ayu and Atiku refused to react to his outburst.

At the PDP convention in May, Wike had polled 237 votes to finish second behind Atiku, a former Vice-President, whose 371 votes gave him the privilege of flying the party’s flag in the 2023 presidential election.

Although Wike has continued to pledge his loyalty to the PDP, he is insistent that following the emergence of Atiku, the national chairman of the party, Ayu, cannot continue to preside over the affairs of the PDP given that he is from the North like the presidential candidate.

Comment on LinkedIn Feed

Comment: Prof..I disagree with you. PDP is not in trouble. The only issue is that someone defeated and disappointed and now frustrated and he is looking for all means to show relevance and hold the party to himself because he has an agenda to contest in 2027. The silence of Atiku is really frustrating him. If God has destined Atiku to win the 2023 election, he will win seamlessly. Again, watch out how they are out-smarting Wike. Am not a PDP member please.

My Response: “If God has destined Atiku to win the 2023 election, he will win seamlessly. ” – you did not complete that Bible extrapolation. Let me quote some verses for you: “You see that a person is justified by works and not by faith alone”. “The hardworking farmer should be the first to receive a share of the crops.” “All hard work brings a profit, but mere talk leads only to poverty.”

Atiku cannot just fold hands on the believe that whatever will happen will happen. If not, he might not have even bought the PDP nomination forms since if God destined it, it would have come!

Comment 1b: Ndubuisi Ekekwe, In case I wasn’t clear or loud enough, hear me clearly; WIKE IS NOT FIGHTING FOR THE SOUTH! He’s crying today because he lost. If he wanted justice for the South, he’ll have thrown his weight behind the SE for the ticket!!!!!!!

My Response: “WIKE IS NOT FIGHTING FOR THE SOUTH!” – Wike has never said he is fighting for the South. He is fighting for one thing: Ayu should resign. Also, Wike is more than a crying baby. If he is one, I will not be writing this. Except if you are the president of Nigeria, there is no politician who can make TV stations abandon regular programs to cover a press brief. He commands more media power than Obi, Atiku, Tinubu, except Buhari. Buhari has an edge as he does not speak often, so when he takes, it is like a breaking news…Wike moves news.

Comment 2: Wike is one of those who opposed the zoning structure because of his own presidential ambition. North East and South East have not produce a President. Thankfully North East produced the current Presidential Candidate. The noise in PDP is fermented by one Governor who fought Governors in the south. Looking at the reactions of the PDP presidential flag bearer, you will see calmness and composure.

My Response: “Looking at the reactions of the PDP presidential flag bearer, you will see calmness and composure.” – the calmness of Atiku is not what matters. What matters is what Bode (Lagos), Makinde (Oyo), Ikpeazu (Abia), etc are doing. You do not win presidency by subtraction. So, do not see Atiku as being calm. This is a poison pill which he swallowed and does not know what next to do. They failed one single test: be fair to your constitution at different levels. How do you believe people (ALL OF THEM) who can be that radical?

Comment 3: OBJ from South served for 8yrs when it’s the north Yar’adua serve for only 2yrs only Jonathan served d remained 2 and denied north their turn served another 4 yrs, who are short change btw north and d south?

My Response: That was not the Constitution. Had Atiku won in 2019, he could have picked the 8 years. The Constitution did not say, we will keep zoning it to one place until it wins. If APC does not win in 2023, APC will zone it to North in 2027!

Nigerian Civil Aviation Authority NCAA Reports 93 Bird Airstrikes In The First Six Months Of 2022

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The Nigerian Civil Aviation Authority (NCAA) has disclosed that a total of 93 bird airstrikes were recorded across airports in the country in the first six months of 2022.

Lagos had the highest number of airstrikes with 54 incidents that happened at the Murtala Muhammed Airport (MMA).

The high rate of bird strikes according to the NCAA often leads to airlines spending huge resources to replace engines damaged by such incidents or other parts of the aircraft that hit the birds.

They disclosed that Airlines also lose revenue running into millions of naira when such damaged aircraft are grounded, waiting to be repaired and taken into the air again, which could take weeks.

This was disclosed by Head Bird/Wildlife Hazard Control NCAA, Azika Edozie while speaking at a workshop organized by Search and Rescue Mission of the Nigerian Airspace Management Agency (NAMA).

He said: ”My record shows that we have had at least 93 bird strike incidents in all our airports between January this year to June. And out of this number, 54 of it happened in Lagos Airport alone, which represents about 70 percent of the total occurrences.

”We all have to proffer a solution to this menace and I do hope we have a lasting solution to it because everyone, especially the airlines are losing money.”

He further stated that the responsibility of keeping the airspace safe from bird incidents lied with every stakeholder in the industry, including airline operators, security agencies, and the Federal Airports Authority of Nigeria (FAAN).

He however disclosed that he is optimistic that the agencies in charge will provide a lasting solution to curb such incidents from occurring, as these airlines lose millions of dollars annually.

Also, commenting on this is Adetunji Adetutu, Head of Unit, Bird Control, FAAN, Murtala Muhammed International Airport (MMIA), Lagos in his presentation, emphasized the fact that airstrikes were unavoidable as no airlines are immune from experiencing such

Adetutu explained that FAAN as the airport landlord was doing its best to curb the spread of the incident through the procurement of modern equipment, which he said had gone a long way to reduce its impacts.

He pointed out that some pilots of these airlines are to be blamed for the high rate of airstrikes, stating that they were always in a hurry to depart an airport for the other and violate the instructions of Air Traffic Controllers (ATC) and insisted that it was necessary for the airlines and their pilots to also have a change of culture by adhering to the instructions issued by ATCs.

In his words, ”The final say on what happens to the aircraft lies with the pilots. Until the ATC gives clearance for pilots to depart or land, it is necessary for pilots to listen to their advice.

”Airline operators should have a change of culture on how we carry out our duties. It’s the suitability of the environment that bring birds to the airport environment. We have water, shelter, and food around the airports. Runway should be free of activities at take-off and landing.”

“Apart from birds, we also have wildlife animals, which are also strikes. We hope to propose on mitigation in order to address it. We also need to know the activities of birds too. Statistics that was given earlier indicate that 93 bird incidents were recorded as of September 17, 2022, but 32 of these occurred in just two months.”

It is imperative for the NCAA to take the necessary measures to curb these airstrikes because they distort flight schedules, threaten airspace, and cost a lot of money to fix affected aircraft.

The Baobab Network Invests $200,000 In Four African Startups To Scale Their Business

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The Baobab Network, a Nairobi-based accelerator that invests in early-stage tech companies across Africa, has recently invested $200,000 in four African startups.

Each of these startups will receive $50,000 in funding and growth support to enable them to scale their business.

The selected cohorts comprise startups from Ethiopia (Shemach), Nigeria (Oval Interactive), and two from South Africa (Lemon And Local Knowledge)

A look at the selected startups

Shemach (Ethiopia):

Based in Addis-Ababa, Ethiopia, Semach is a last-mile FMCG company that connects retailers with manufacturers, directly delivering products to the shop.

Built by a team of passionate and industry-experienced individuals, the startup was motivated to start the business based on observing their local small retailer.

Shemach is solving a long and inefficient supply chain by offering a digital one-stop marketplace for retailers and manufacturers that allows users to get back their time, and money and increase profitability. 

They are in a well-proven market with large players like MaxAB IN Egypt and Alerzo in Nigeria having similar models. Their business model consists of a 6% commission (Which will widen with logistics efficiency and bulk buying) at the moment with a vision of adding BNPL. 

Their traction since January 2022 has been, ~2000 orders delivered, Onboarded 2700 registered retailers, and 11 local FMCG brands. They have just closed a landmark partnership with Unilever in Ethiopia which will impact their take rate.

Oval Interactive (Nigeria):

Oval Interactive is the next generation of online video interactive platforms based in Lagos, Nigeria.The company has built a unique platform and technologies enabling interactive videos, with a combination of cloud technology that enables low-latency video streaming with web and mobile interfaces that allow greater user interaction, data collection, and audience monetization.

The company’s mission is to connect with, engage, and transform the next billion people coming actively online via meaningful mobile experiences.

Lemon Startup (South Africa):

Lemon is a B2B Marketplace for industrial supplies based in Johannesburg, South Africa.

The startup offers a one-stop shop for customers to find, compare and buy industrial supplies, also providing a single point of access for buyers within an enterprise.

Lemon’s digital-first approach eliminates manual processes and reduces time to purchase, freeing procurement teams from high-volume transactional orders.

Local Knowledge (South Africa)

Local knowledge is a tour guiding company that is dedicated to doing something completely unique.

The startup aims to move away from the main tourist attractions and look to show its guests the best-kept secrets that Cape Town has to offer.

By avoiding the main tourist attractions, the company provides an authentic experience as it ensures that guests get immersed into the location and the culture of the places they are taken to.

The company in an effort to thrill their guests, show them what locals in the country enjoy doing on a regular basis, as well as a perspective of what the city has to offer.

Speaking on the cohort, Christine Namara, program lead at The Boab Network, said:  “Our companies have gone on to raise more than $50m in follow-on funding since we first launched our accelerator in 2019, so the model is definitely working.

These selected cohorts will join 25 other startups that The Baobab Network has invested in since it launched its accelerator in 2019, including 5 from the first cohort earlier this year.

The Playbooks of Business At Tekedia Mini-MBA

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It is one of my favourite sessions in Tekedia Mini-MBA. It is amazing as I take time to explain that translation from “Idea” to “Revenue” in companies. There are many components to make that happen. As a lovable Physics student in secondary school, I like to use Physics to explain things. Here, the word is “transduction”, moving from one energy state to another. The “idea state” has to move to the “revenue state” and for that to happen, you must exert energy in the system. The energy in this case comprises many things organized around processes, tools, and people.

The energy in this case comprises many things organized around processes, tools, and people. Simply, it is the  Grand Playbook of Business. And from Oriendu Market Ovim to Goldman Sachs trading desk in New York, the DNA of all thriving businesses is the same: fix your customer frictions by deploying capabilities, building products and services, via efficient organization of the factors of production.

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