Ogun Workers End Strike After National Leadership’s Intervention

Workers. Strike, OgunWorkers in Ogun State have agreed to suspend their two weeks industrial action over non-payment of deductions and other demands.

The resolve was reached on Wednesday after a closed door meeting which lasted for about nine hours between the national and state leaders of the organised labour and State government.

Governor Ibikunle Amosun briefed reporters on the outcome of the meeting in Abeokuta, the Ogun State capital in southwest Nigeria.

He reiterated the commitment of his administration towards better conditions of service for the state workforce.

In his submission, the National President of the Nigeria Labour Congress, Ayuba Wabba, commended the two sides for the maturity that led to the signing of the Memorandum of Understanding aimed at resolving the impasse.

The civil servants had on October 20, commenced an indefinite strike to press home their demands over an alleged non-payment of 12 months deductions.

Among other demands, the industrial action was also aimed at putting an immediate end to the contributory pension scheme.

The workers began the strike after Governor Amosun had sent a strong warning to the leadership of labour unions in the state.

The governor had also lauded the people of the state for their understanding and the support shown towards his administration’s policies and programme.

He assured them of more development in the state in the coming fiscal year.

Ogun Workers Begin Indefinite Strike Despite Amosun’s Warnings

workers. strikeWorkers in Ogun state have commenced an indefinite industrial action to press home their demands over an alleged non-payment of 12 months deductions.

Among other demands, the industrial action is also aimed at putting an immediate end to the contributory pension scheme.

When Channels Television visited the state government secretariat at Oke Mosan, Abeokuta, the state capital, it was revealed that some workers reported for work while others abdicated their duty post on the order of their leaders.

Commenting on the development, the Secretary to the State Government, Mr Taiwo Adeoluwa, described the action as illegal and uncalled for, saying that the government may initiate a ‘no work, no pay’ system as a punishment.

Mr Adeoluwa asked the workers to see reasons, especially in the face of the current economic downturn, restating that the government is committed to the welfare and care of the workforce.

Although the town seemed calm, security operatives were stationed at strategic places to maintain law and order as a result of the strike.

Ogun State Governor, Ibikunle Amosun, had earlier sent a strong warning to the leadership of labour unions in the state, over the proposed indefinite industrial action.

He gave the warning in Abeokuta, the state capaital, during a town-hall meeting for the 2017 budget, held at the cultural centre in the state capital.

He thanked residents for their understanding and the support shown towards his administration’s policies and programme, while assuring them of more development in the coming fiscal year.

Jimoh Ibrahim Predicts Recession May Linger For The Next 20 Years

Recession, Jimoh Ibrahim, The Chairman/ CEO of Global Fleet Group, Jimoh Ibrahim, has said that the current economic recession may continue for the next 20 years in Nigeria.

The businessman believes the backdrop would continue if the captains of the economic team fail to re-evaluate Nigeria’s economic policies.

He said this while delivering a lecture at the Obafemi Awolowo University (OAU), legal week in Ile Ife, Osun state.

The Legal Week which was themed: “The Nigerian Economy: Roles of the Worshipers In The Temple Of Justice”, had in attendance, renowned legal practitioners.

Mr Ibrahim, who was a guest lecturer at the event, said the recession presents a veritable opportunity for the country to leave oil and develop other real sectors of the economy.

He suggested that the Federal Government needs to partner with its business community to get out of the recession as the economic policies of the current government are too harsh to encourage investment.

The barrister asserted that the government must work hard in translating the country’s GDP growth into individual growth.

He also stressed that the recent revelations by the raid on some judges across the country further strengthens the reasons for economic trauma in the country.

Chairman of the Lecture and Senior Advocate of Nigeria, (SAN), Mallam Yusuf Alli,also opined that “Nigerians must make their leaders accountable to them by first raising their individual consciousness to being patriots in their own rights”.

Osinbajo Says Nigeria Needs Streamlined Solutions To Recession

osinbajo, recession, nigeria, Nigeria’s Vice President, Professor Yemi Osinbanjo, says Nigeria can only get out of recession by looking at solutions that will take full consideration of Nigeria’s peculiar circumstances and composition.

The Vice President expressed this while meeting with private sector stakeholders at a quarterly business briefing at the Presidential Villa.

He said that Nigeria cannot afford to make the usual error of generalization or speculations, which would not help in stopping the recession.

Professor Osinbajo, who had attributed the current economic recession in the country to the sharp drop in power generation, occasioned by vandalism by militants, reiterated that one of the key areas which needs to be addressed to fast-track the rebound, is the area of power generation.

The power sector, according to him, must be brought back up to 5,000 megawatts from which it dipped in February 2016.

Ease of doing business, reduction of interest rates, and access to finance among other things, should also be looked into.

He expressed optimism that the economic recession the country is battling with would be short-lived if citizens decide to openly shun corruption.

Economic Recession: Clergy Urges Nigerians To ‘Think More Creatively ‘

NigeriansA former Chaplain Of the Aso Villa Chapel, Reverend William Okoye, has urged Nigerians to look inwards and think of creative ways of overcoming the current economic challenges, without having to depend on the government.

The former chaplain and General Overseer of the All Christians Fellowship Mission expressed concerns on the level of hardship and increasing cases of suicide in Nigeria.

He said more families would suffer hardship if the state of recession was not urgently addressed.

Several financial and economic experts have made numerous suggestions on alternative measures that could be taken to bail the nation out of its downward economic spiral.

Many of those suggestions have bordered around encouraging private sector investment, as well as individuals to take up new initiatives along the path of agriculture and infrastructure.

While delivering a state of the nation address at the headquarters of the church in Abuja, Reverend Okoye stressed the need for the church in Nigeria to return to its original role of caring for the people in order to ameliorate the suffering of the masses.

He criticised the act of laziness among some Nigerians and also urged parents to bring up their children in ways that they could eventually add value to the society and future generations.

Nigeria In Recession: Government To Motivate Private Sector Investment

Sam Ohuabunwa , Nigeria, Recession, Private Sector, Investment In the bid to proffer solutions to the ongoing recession in Nigeria, Industrialist, Sam Ohuabunwa says the government should motivate private sector investment.

He gave this suggestion while speaking on the Channels Television breakfast program, Sunrise.

Mr  Sam said in order for the economy to be boosted very fast, the government needs to stimulate production. And to be able to do that, the government’s spending has to be supported by that of the private sector.

He said this in response to the reports by the National Bureau of Statistics, that Nigeria’s Gross Domestic Product (GDP) has contracted by 2.06%.

He also stated that the government should focus on investment as though the life of the nation depends on it. He furthermore suggested that the government should effectively show support to anyone who exhibits productivity.

Government Sector Not Enough To Sustain Economy

Mr Ohuabunwa stressed the need for the government to create an enabling environment for the private sector, as the economy cannot thrive solely on efforts of the Public Sector.

According to him, “Government has to take a definite position as to how to motivate private sector investment, while spending the public sector funds.

“The moment people are doing something that would be productive and linked to wealth creation, let us give them the support.

“A lot of Funding opportunities are being provided by the Central Bank of Nigeria (CBN), Federal Ministry of Agriculture, but the problem is, in implementation, we fall short,” he added.

He further said that there should be a focus on manufacturing and agriculture; and urged individuals as well as the government to do whatever they could, to add value as well as to get the commercial aspect of agriculture activated.