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Labour to Down Tools Tomorrow over N1Bn Pension

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Organized labour made up of Nigeria Labour Congress (NLC) Trade Union Congress (TUC) and civil society groups has declared tomorrow (Wednesday) work-free day for the mass protests in Lagos and Abuja to the attention towards the plight of pensioners, who are owed some N1 billion in pension arears.

Mr. Abdulwaheed Omar, president, NLC, said the mass protest was targeted against corruption and impunity in government across states and federal levels, explaining that it was decided that the Lagos and Abuja mass protests hold under the joint umbrella of Labour and Civil Society Coalition (LASCO).

He urged Nigerians across the country to participate actively in the rallies and protest marches to support the demand for a review of the pension fund in order to ensure living pensions and its prompt payment to senior citizens.

Omar, said  that pensioners who are not physically fit to start the procession from union’s secretariat at Yaba, Lagos should assemble at the Nigeria Civil Service Union’s secretariat, Alausa, Ikeja from where they would proceed to join the mass movement on arrival at the Lagos State Secretariat.

Elsewhere, National Mirror reported that Mr. Abiola Aremu, Joint secretary of LASCO,  said the protest would take off by 8 a.m. from the NLC Secretariat, Yaba, after which the procession would move through Ikorodu Road, Maryland, Ikeja roundabout and terminate at Lagos State Secretariat.

According to Aremu, the NLC’s Central Working Committee, CWC, comprising presidents and general secretaries of the affiliate unions of the congress have condemned the growing level of corruption in the country and the crisis in the pension industry, adding also that all efforts to get the attention of government including two letters sent to the Presidency for intervention over the hardships faced by the nation’s senior citizens were ignored.

He said the CWC has expressed concern that despite the unprecedented scam in the pension regime and the raging war of words between the executive and the National Assembly, pensioners remained the main victims with a large number of them not being paid their entitlements.

“The congress had written at least two letters to the Presidency calling for its intervention in the pension crisis. Coupled with the correspondences, the leadership of congress had reached out through other channels to the Federal Government. The congress leadership had also made public pronouncements on the avoidable, but painful pension crisis.

“The Presidency neither acknowledged the letters nor responded to the issues the leadership of the congress publicly raised on the plight of pensioners. Convinced that the congress had exploited all the lawful channels of communication to the government to no avail, congress is certain that nobody wants to listen to the plight of pensioners,” he said.

Aremu said labour and civil society groups are worried that the continued silence of the government means more hardship for its members in the fold of the National Union of Pensioners, NUP, and that labour is determined to ensure justice for its members who are owed billions of pension arrears.

“The CWC resolved that on April 10, 2013, all NLC affiliate unions and state councils across the length and breadth of the country will mobilise workers on a protest march to the Presidency and state government houses,” he added.

Mr. Peter Esele, president general of the TUC, said the congress was unhappy with a situation where the destinies of “our fathers and mothers who served the country with their blood are being toyed with,” and that if the congress fails to fight for change now, today’s workers may be treated the same way when they retire.

“How do we explain it that every now and then they invite these old people for verification and in the end nothing comes of it after all? Some die on the verification ground without receiving their money, subjecting their wards to avoidable pains,” he said.

Esele reiterated that this injustice must stop if the country must move forward, pointing out that in the African tradition the younger ones have so much respect for elders, but that it is unfortunate the reverse is now the case to the extent that money meant for elders is now being stolen by the youths.

The labour chief stated that any nation that abandons its elders will not succeed, while lamenting that the administration of pension funds has been enmeshed in unprecedented corruption with some public officers, institutions of government and banks taking undue advantage of the pensioners to enrich themselves.

“More painful to the congress is the way and manner government, in spite of the cries and agony of the victims and the criticism of concerned citizens, has kept mute over the matter and shown no concern or care since the agitation of the pensioners began,” Esele added.

Medical and Health Workers Union of Nigeria, MHWUN, has also vowed to join the rally. The group made known their decision yesterday in Abuja at a briefing to mark its 2nd Medical and Health Workers’ Week.

Ayuba Wabba , MHWUN’s chairman, , said as part of activities to mark the Week, MHWUN free medical services would be offered children in all senatorial districts across Nigeria.

 This, he said, would take the form of de-worming and health education on personal hygiene.


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Fintechs Add $18 million to New Tax Initiative

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The Nigerian federal government announced that the Electronic Money Transfer Levy (EMTL) generated $49.5 million in revenue, with fintech companies contributing $18 million.

This fund, as reported by the Federation Account Allocation Committee, is a considerable 56.80 percent increase over the $31.6 million earned during the same period in 2024.

Previously, the charge mainly affected established banking institutions. However, fintech firms have been included because they have contributed a phenomenal 2,507.94 percent growth in transaction values since 2020.

The EMTL is part of the government’s attempt to regulate the booming fintech sector, which completed transactions worth $29 billion in 2023 and $49.3 billion in 2024.

The EMTL was created by the Finance Act 2020 as an amendment to the Stamp Duty Act. It charges $0.03 (N50) for electronic transactions of $6.19 (N10,000) or more made through banks and financial institutions.

This tax seeks to capitalise on the increasing expansion of electronic payments, which will exceed $619.70 billion in total transactions by 2024.

In response to the burgeoning fintech sector, the government has increased its tax base, with annual EMTL collections expected to increase by 31.35 percent.

According to the Medium Term Fiscal Framework for 2025-2027, the federal government expects EMTL revenue to reach $142 million in 2025, up from $108 million in 2024.

However, industry experts have expressed concern about the potential impact of additional taxes on users.

 


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Air Peace Suspends Flight Operations Nationwide

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Air Peace Ltd has announced the suspension of all flight operations nationwide due to the ongoing strike embarked upon by the Nigerian Meteorological Agency (NiMET).
Air Peace Suspends Flight Operations Nationwide

This is contained in a statement signed by Dr Ejike Ndiulo, head of Corporate Communications, Air Peace,  on Wednesday in Lagos.
According to Ndiulo, the decision is necessary because NiMet is the agency responsible for issuing CNH (Current Nowcast of Hazardous Weather) reports, critical for safe landings, especially during this season of heavy rainfall and thunderstorms.
He said without these reports from the control tower, flight safety could not be guaranteed.
“As a safety-first airline, we have chosen to act responsibly by suspending operations until NiMet resumes full service.
“We understand this may cause inconvenience, and we sincerely apologise. Passengers will be contacted with updates and options for rescheduling,” he said.
The staff of NiMET on Tuesday commenced an indefinite strike over the condition of service and other demands.


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NITDA Fixes Date for Inaugural Meeting of the Startup Consultative Forum

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The National Information Technology Development Agency (NITDA) is pleased to announce the inaugural meeting of the Startup Consultative Forum, scheduled for Monday April 28, 2025 This milestone event marks a significant step in deepening stakeholder engagement within Nigeria’s growing startup ecosystem.

The Forum will serve as an interactive platform for startup founders, innovators, ecosystem enablers, and intermediaries to actively shape national policies that foster growth, attract investment, and drive digital innovation.

Convened under the framework of the Nigeria Startup Act (NSA), this initiative reflects the government’s commitment to making startups not just stakeholders but key contributors in building an enabling environment for innovation.

The meeting will emphasize collaborative dialogue, with a primary focus on nominating and selecting representatives for the National Council for Digital Innovation and Entrepreneurship (Startup Council)—Nigeria’s highest advisory body for the startup ecosystem. Decisions from this Forum will lay the foundation for inclusive policy development, amplifying the voices of Nigeria’s tech and innovation community.

NITDA invites all Labelled Startups, Verified Entrepreneurial and Innovation Support Organisations, Angel Investors, Venture Capitalists, and other relevant stakeholders to join the Forum and actively participate in the nomination and voting process.

Join us in shaping the future of digital innovation in Nigeria. Together, we can build a thriving ecosystem that supports and celebrates the pioneering spirit of Nigerian startups.


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