The Federal Capital Territory (FCT) and twenty-seven states have yet to establish committees to implement the recently approved ₦70,000 minimum wage. This follows President Bola Tinubu’s recent signing of the new wage law. EKO HOT BLOG reports that despite the swift passage of the bill by the National Assembly and the President’s endorsement, several states have … Read more
President Bola Tinubu may announce new wage on May 1, backdating it to April. National Minimum Wage Committee aims to finalize negotiations before May 1 deadline. Concerns arise as current minimum wage expires on March 31, but agreement unlikely by then. EKO HOT BLOG reports that there are indications that President Bola Tinubu might unveil the … Read more
EKO HOT BLOG reports that following closed-door talks between President Bola Tinubu and Borno State Governor, Prof. Babagana Zulum, at the Aso Rock Villa, Abuja, on Friday, Tinubu has agreed to entertain a request to halt the merging of the Nigerian Army University, Biu, Borno State, with the Nigerian Defence Academy, Abuja. “So I have seen … Read more
EKO HOT BLOG reports that the Federal Government has said a total of N160 billion was budgeted for the Consumer Credit Scheme and implementation of the Student Loan Scheme in the 2024 budget. The Minister of Budget and Economic Planning, Atiku Bagudu, made the disclosure on Thursday at a press briefing in Abuja. EDITOR’S PICKS BREAKING: … Read more
EKO HOT BLOG reports that the 2023 presidential candidate of the Labour Party (LP), Peter Obi, has lauded President Bola Tinubu’s directive to implement the Steve Orasanye report. In a statement released through his official handle on Wednesday morning, Obi expressed his approval of the directive for implementing the report, noting that it is a welcome … Read more
Eko Hot Blog reports that Rivers State Governor, Siminalayi Fubara has defended the peace deal brokered by President Bola Tinubu between him and his Godfather, Nyesom Wike over the political crisis in the state. Fubara, in a broadcast on Monday, said the resolution brokered by the President to resolve the crisis was not a death … Read more
EKO HOT BLOG reports that the National Assembly gears up to finalize the N27.5 trillion 2024 budget as various government agencies complete their budget defence sessions. Senate Appropriations Chairman, Senator Adeola Solomon, expressed readiness to receive and evaluate sub-committee reports, aiming for a budget passage by Saturday EDITOR’S PICKS Appeal Court Dismisses Binani’s Case, Affirms Fintiri … Read more
EKO HOT BLOG reports that the Federal Government of Nigeria has announced that a new minimum wage will be implemented starting April 1, 2024. This information was revealed by the Minister of Information and National Orientation, Idris Mohammed, during an interview with Punch in Abuja. The current minimum wage of N30,000 is set to expire … Read more