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You can’t be revelling in lavish comfort and ask Nigerians to sacrifice – OPS warns Tinubu



Unless the government shelves its opulent lifestyles and obscene showmanship, there is no way it would be morally justified to ask Nigerians bearing the brunt of the hardship in Nigeria to continue to sacrifice, Organised Private Sector (OPS), has warned, insisting that the government must start shedding weight immediately to encourage the citizens to follow suit.

Particularly urging President Bola Tinubu to lead the way, they insist that he must ensure not only a substantial reduction in current spending of government officials on themselves and their households, but the entire gamut of wasteful spendings, arguing that no amount of increase in taxes would save the parlous state of the nation’s economy with the present lifestyle of those in power at various levels.

Decrying the current tax burden placed on industries and their employees, Sola Obadimu, Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), and Segun Ajayi-Kadir, Director-General of the Manufacturers’ Association of Nigeria (MAN), said in Abuja during the closing session of the 2023 Nigeria Employers’ Summit, advocated reduction in taxes as one of the most effective ways to reduce the country’s current inflationary trend.

Obadimu, who spoke on the sidelines of the event, organised Nigeria Employers’ Consultative Association (NECA), argued that increasing taxes on industries and individuals would never address the government’s dwindling revenue, but instead, the focus must be on cutting governance expenses.

His words: You see, the point is, the government is being gradually pushed to the wall. I don’t think that rather than taxing people and taxing industries, the government also has to look at the area of leakages. The cost of running a government is still so high.

“Ordinary a local government will be moving with six cars in his convoy, and this supposedly high cost of petrol. That is different from offices of the first ladies of governors, and offices of past governors.

“If you see the amount we are spending in maintaining former governors who are no longer in office – the cost of current expenditure is so high, and I think our current political players need to manage that area. They cannot continue to maintain the same lifestyle while expecting people and industries to continue to pay to maintain that lifestyle.

“If you watch the government in recent times, the government is looking for money. Unfortunately, maybe because of the dwindling revenue arising from oil theft because we have solely depended on crude oil which we are not adding any value to.

“But in the desperation of the government, they keep on increasing taxes on members of the organised private sector, and that is where the problem is. You can’t keep on increasing taxes for ever, and that worsens inflation because you cannot sell below your production cost.

“If inputs’ costs go up, people would keep on increasing their prices and it is pushed to the consumers. For the first time, the fortunes of Nigerian Breweries Limited are taking a nosedive. What has caused this is inappropriate policies around cash and currency circulation that took place early in the year.

To Ajayi-Kadir, who listed institutional, structural, and regulatory challenges associated with exports, a situation in which raw materials were exported rather than being handled by manufacturing industries to provide better employment opportunities for unemployed Nigerian youths, was very bad for economic growth.

Hear him: “A lot has to be done to promote exports. In manufacturing for instance, you need to be competitive before you can venture into export, and there are those constraints that have limited manufacturing performance which has made it rather difficult to successfully export.

“All that it takes for you to export is not just for you to get your goods across the border but to ensure that when your goods get across to the foreign shelves is not left there and people actually buy them. The challenges that have been institutional, some of them are structural, some of them have to do with regulations.

“At the same time, it has to do with infrastructural challenges that have made manufacturing performance remain low. You know our contribution to the GDP has been hovering around 9% or 10%. In that kind of situation, it means we operate in a high cost environment.”


BREAKING: Mother of all strikes! D-Day, October 3! *Stockpile food, essentials – NLC, TUC   



The Nigeria Labour Congress (NLC)) and the Trade Union Congress (TUC) on Tuesday, announced midnight Tuesday, October 3 as the date for the commencement of total strike by their workers to get the Federal Government accede to their demands to end the current sufferings of their members and Nigerians at large.

The two labour centres representing the organised labour in Nigeria, which arrived at the decision after they had met separately at their local levels directed their affiliates to mobilise for protests from October 3, saying they took the decisions were approved at the meeting of the joint National Executive Council of the two unions on Tuesday, September 26, in Abuja.

Joe Ajaero, President of the NLC, speaking on behalf of his group, while urging Nigerians to stock their homes ahead the total strike, bemoaned the situation where the government had ignored the demands of the workers, saying it “substantially failed to meet its demands after the removal of fuel subsidy,” added that adding that the grace period given by the two labour centres had expired.

The organised labour, is demanding wage awards for public workers and a new minimum wage, apart from the removal of tax exemptions and allowances to public sector workers, provision of Compressed Natural Gas (CNG) buses, the release of modalities for the N70billion for Small and Medium Enterprises (SMEs) and immediate reversal of all anti-poor policies of the Federal Government.

The union, which on September 5th and 6th, the NLC embarked on a two-day warning strike which led to the partial crippling of economic activities in some states and gave the government a 21-day ultimatum to meet its demands, is also demanding a stop to the increase in public school fees, the release of the eight months withheld salaries of university teachers and workers as well as the increase in Value Added Tax (VAT).

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BREAKING: Total strike looms! *NLC, TUC, finally meet, agree on action



The Federal Government, may have finally lost the move to stop the impending strike by organised labour, or at least mitigate it by dividing its membership, following a meeting of the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), hitherto in disagreement over the issue.

In fact, the two bodies representing the junior and senior workers in Nigeria are reportedly meeting currently to announce a statewide indefinite strike, a move coming about three weeks after the NLC held a warning strike on Tuesday, September 5, and Wednesday 6, 2023, without the TUC, which it explained was to call attention of the FG to the painful suffering of Nigerians, particularly workers.

However, indications, suggests that having agreed to come to an understanding in the interest of the working masses of Nigeria, both camps, having also met separately in their different local organs, decided to hold a joint press conference at 3 p.m. on Tuesday to announce an indefinite nationwide strike in response to the FG’s failure to address the suffering and other socioeconomic hardships caused by the removal of subsidies on Premium Motor, PMS, commonly known as petrol.

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Tinubu will shock Atiku and his gang – APC *Why meeting with Biden didn’t hold



Having met with Joe Biden, at a parley of the G20 group in India, it was unnecessary for President Bola Tinubu to hold another session with his US counterpart at the recent United Nation General Assembly (UNGA) in New York, the All Progressives Congress (APC), explained on Monday.

Felix Morka, spokesman of the party, in a statement, also explain other issues in a quick riposte to the attacks of Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) who claimed that the POTUS avoided Tinubu at UNGA because he did not want to be associated with the putrid stains trailing his Nigerian counterpart.

Morka, National Publicity Secretary of the party, also dismissed Atiku’s claims through his spokesman, Phrank Shaibu that fuel subsidy, which the Tinubu administration said it has jettisoned having dismissed it as a drain on the nation’s resources, had returned through the backdoor, saying the payment of the mark up in the pump price of Premium Motor Spirit (PMS) by the Nigerian National Petroleum Company Limited (NNPCL), in August, was to ensure stability.

Hear him: ”Shaibu’s claim that fuel subsidy is back is not correct. The government’s intervention to ensure some measure of price stability and predictability does not amount to the return of the ruinous fuel subsidy of the recent past.

“Lifting the Visa ban on Nigerians by the United Arab Emirates (UAE) authorities should ordinarily make any well-meaning Nigerian happy. Diplomatic rapprochement between Nigeria and UAE authorities is ongoing and details of outcomes will soon be made public.

“The matter of the proposed meeting with United States of America President Joe Biden does not even require elaboration. Having met with President Tinubu on the sidelines of the G-20 Nations summit in India, another meeting with President Biden during the United Nation’s General Assembly (UNGA) had become unnecessary and was not even on President Tinubu’s schedule, contrary to preliminary indications on the matter.

“Nigeria is facing pressing challenges that require focused efforts and undivided attention. Issues such as economic recovery, security of lives and property, infrastructure development, and social welfare demand continuous, sustained and innovative efforts.

“President Tinubu is committed to ensuring an inclusive, honest, transparent and accountable governance system. We encourage citizens to actively participate in democratic processes, ventilate their views, and contribute constructively to national conversations. As the discerning people that we are, we remain confident that Nigerians will continue to differentiate between genuine, constructive and development-oriented criticisms and those driven by self-interest, mercenary considerations and disruptive political agenda.

“While we urge Nigerians to ignore purveyors of fake news and other inanities, it is obvious that Shaibu and his likes will stop at nothing in their desperation to distort facts and give oxygen to their politically knocked-out principal. But that can only worsen his infamy in the light of the President’s determined commitment and strides to improving the social and economic conditions for all Nigerians.

“The PDP and all its agents of misinformation should know by now that no amount of sleazy propaganda, muckraking, lies, half-truths, misrepresentations, misinformation or disinformation will confer the presidency of Nigeria on their candidate.

“Nigerians have freely chosen our party, the APC, and President Bola Tinubu, to continue to steer the ship of state. And the President is making good his campaign promises to deliver purposeful leadership to remake Nigeria, open the economy to rewarding investments, promote inclusive growth, create jobs, secure lives and property and renew hope for a vibrant future.”

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