• Tuesday, December 05, 2023
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Five things to know to start your Monday


Democracy Day: President Tinubu to address Nigerians on a nationwide broadcast

President Ahmed Bola Tinubu will today (Monday) address Nigerians on national broadcast as part of the activities lined up to celebrate Democracy Day.

The broadcast, which is his first as president, will be televised at 7 in the morning by all indigenous television, radio, and online platforms in the country.

The president’s broadcast is expected to speak on key issues affecting the country, especially as they concern the steps he has taken so far since becoming president of Africa’s most populous nation.

His nationwide address will also offer him the opportunity for Nigerians and foreigners to assess his readiness to lead the country.

Read also: Tinubu’s 1 million digital job

Drafting of National Pay Policy ongoing – NSIWC

In a statement issued on Sunday in Abuja, the National Salaries, Incomes, and Wages Commission (NSIWC) said that the drafting of the Federal Government’s proposed National Pay Policy is still ongoing.
The statement signed by Emmanuel Njoku, Head, Press Unit of NSIWC, said that the pay policy is one of several activities the commission is working towards achieving.
He said that discussions on the proposed policy emanated from a two-day training workshop it organised for salary inspectors on April 4.
“The meeting was for the execution of Phase 2 of the 2022 Salary Inspection of selected Ministries, Department and Agencies (MDAs).

“During the training workshop the NSIWC Chairman, Ekpo Nta, itemised some of the plans and activities of the commission.

“Among these are the monitoring of the implementation of the National Minimum Wage, the review of the National Minimum Wage coming up next year 2024, and the drafting of a National Pay Policy,” he said.

Prosecute Emefiele on terrorism financing charge, says Femi Falana

Femi Falana, Senior Advocate of Nigeria, has advised the Department of State Services (DSS) to prosecute Godwin Emefiele, the suspended Central Bank of Nigeria (CBN) governor, on alleged terrorism financing charges and hand him over to the Economic and Financial Crimes Commission (EFCC) for prosecution.

Falana, in a statement issued on Sunday, advised the secret police to handle Emefiele’s case with the utmost caution and prevent it from being bungled.

The former CBN governor was apprehended by the DSS in Lagos on Saturday and flown to Abuja.

President Tinubu suspended Emefiele on Friday and directed Folashodun Shonubu, the Deputy Governor of Operations, to resume office in an acting capacity.

Falana had advised the DSS to hand him over to the EFCC so that they could prosecute him for alleged money laundering and economic crimes which fall under their purview.

REDAN and Shelter Afrique partner to address housing deficit with N26 billion

The Real Estate Developers Association of Nigeria (REDAN) and Shelter Afrique have partnered to address the housing deficit in the country. This comes as REDAN secured N26 billion from Shelter Afrique to finance the RUHI-774 projects nationwide.

Aliyu Wamakko, the president of the association, disclosed this during a world press conference held recently in Abuja.

Wamakko said this development was in line with the federal government’s national housing objective and was a significant part of the association’s effort to help the government provide shelter for Nigerians.

The president of REDAN said, “REDAN, as a responsive and responsible association, is committed to executing our flagship national housing development project, the Rural-Urban Housing Initiative (RUHI-774), which is aimed at developing at least 100 housing units in each of the 774 local government councils of the Federation, including the FCT, where feasible and viable.

Crude oil prices dip slightly ahead of Fed meeting

Crude oil prices fell slightly on Monday morning ahead of the U.S. Federal Reserve meeting as investors try to forecast the central bank’s appetite for further rate hikes. In addition to forecasting the central bank’s rate hike mood, concerns about China’s fuel demand growth and rising Russian crude supply also dominated the market.

Brent crude futures fell 29 cents, or 0.4 percent, to $74.50 a barrel early this morning, while U.S. West Texas Intermediate (WTI) crude was at $69.93 a barrel, down 24 cents, or 0.3 percent.

According to Reuters, both benchmarks notched their second straight weekly decline last week as disappointing China economic data raised concerns about demand growth in the world’s largest crude importer, offsetting a boost in prices from Saudi Arabia cutting an extra 1 million barrels per day (bpd) from production in July.