The Minister of Information and National Orientation, Mohammed Idris, has said the sum of N494,000 national minimum wage being demanded by organized labour, which cumulatively amounts to the sum of N9.5tn, is capable of destabilizing the economy and jeopardizing the welfare of over 200 million Nigerians.

Idris stated this in Abuja in response to the threat by the organized labor to embark on strike if their demands were not met.

He said the offer of N60,000 minimum wage by the Federal Government, which translates to a 100 per cent increase on the existing minimum wage of 2019, has been accepted by the organized private sector, which is a member of the tripartite committee of the negotiations team.

“The Federal Government’s New Minimum Wage proposal amounts to a 100 per cent increase on the existing minimum wage 2019. Labour, however, wanted N494,000, which would increase by 1,547 per cent on the existing wage.

“The sum of N494,000 national minimum wage which Labour is seeking would cumulatively amount to the sum N9.5tn bill to the Federal Government of Nigeria.

“Nigerians need to understand that whereas the FG is desirous of ample remuneration for Nigerian workers, what is most critical is that President Bola Ahmed Tinubu will not encourage any action that could lead to massive job loss, especially in the private sector, who may not be able to pay the wage demanded by the Organised Labour,” he said.

The Minister said even though Labour is keen on the take-home pay of about 1.2 million workers, the Federal Government is concerned with the welfare of over 200 million Nigerians based on its Guiding Principle of Affordability, Sustainability, and the overall health of the nation’s economy.

Idris appealed to the Organised Labour to return to the negotiating table and embrace reasonable and realistic wages for their members.

He said because of the commitment of the Tinubu administration to the welfare of workers, the wage award of N35,000 for Federal workers would continue until a new national minimum wage is introduced.

Vice-President Kashim Shettima has stated that democracy’s survival hinges on adherence to the rule of law and that Nigeria needs good governance rather than a change in its system of governance.

Speaking at the 30th anniversary celebration of Yusuf Ali & Co (Ghalib Chambers) in Ilọrin on Saturday, Shettima addressed calls for a switch to parliamentary system.

Shettima said, “Democracy can only survive by adherence to rule of law and quality of governance, not by parliamentary system as being canvassed by some people.”

According to him, many nations have collapsed due to lack of access to truth and justice.

“Many nations that collapsed did so because of lack of access to truth and justice; their access to justice was frustrated and denied,” he said.

The vice president added, “President Bola Tinubu never influenced the electoral process and we (presidency) never used instruments of office to hunt or hound perceived opponents standing trial.”

On his part, the former Minister of Works, Raji Fashola (SAN), recalled Nigeria’s past experience with the parliamentary system.

He questioned its failure and the country’s readiness to address those reasons now.

“Let’s think deeply about why the parliamentary system failed us and have we overcome those reasons?” Fashola urged.

Former President, Chief Olusegun Obasanjo, said on Saturday that Nigeria was becoming more volatile, uncertain and complex.

He added that insecurity had made the country a dangerous place, filled with so much suffering and hunger.

For him, the leadership has to wake up to its responsibilities in other to create a better world for all Nigerians.

He said these in Lagos at the Africa Methodist Council Heads of Conference Summit and Women’s Movement Leadership Summit, where he was the Chairman of the public lecture.

The lecture’s topic, presented by the General Secretary, World Methodist Council, Bishop Ivan Abrahams, was, ‘Leadership in a Volatile, Uncertain, Complex, and Ambiguous World’.

Obasanjo, giving his opening remarks asked that Nigerian leaders must re-evaluate the world.

“How do we re-evaluate the world? That is what I believe we have to do in our re-evaluating the world. What do we do? Jesus Christ himself told us that in this world, we would have trouble.

“I will give you two points. Wake up! We need a new generation of leaders; moral leaders, transformational leaders, and servant leaders.

“This new generation of leaders will lead by showing love and leading the re-evaluation and transformation,” he said.

Speaking further, he said, “Nigeria as it is now is volatile, uncertain, complex, ambiguous and dangerous.

“We have resources in Africa; we have 70 per cent of the world’s copper. Japan has no mineral resources. Singapore is even worse. No resources!

“But, whatever resources we have, if we are devoid of leadership, it won’t get us anywhere. That is why leadership in Africa is very important.

“We can’t create an Africa of hope, prosperity, devoid of oppression and one of security, peace and where leaders have vision, knowledge and understanding this way.”

He also noted that the late South African freedom fighter, Nelson Mandela, and Preacher, Desmond Tutu, advised him to contest the presidency for the second time.

He said, “When I came out of prison, and there was pressure mounting on me to take the mantle of leadership in Nigeria, the only place I went outside Nigeria was South Africa. I went to seek advice from Nelson Mandela and Desmond Tutu.

“Nelson said, ‘Olu, whatever your instinct tells you, do it.’ Tutu said, ‘If your people want you to serve, serve and stop making excuses’.

“I came back home and decided to make myself available and contest for the presidency of Nigeria.

“I found out that the years I spent in prison were advantageous to me in serving as president when I was elected.

“We can get good out of bad. That also happened to Nelson Mandela.

“When we get good leaders, let’s make maximum use of them because good leaders don’t flog. When you get one in a generation, make good use of them.  Let’s learn the right lesson from them.

“We cannot make the world less volatile, simple or unambiguous unless we have the right type of leaders. We are talking about leaders that take examples of Jesus Christ and become like him.”

Responding to a question during the question and answer session, Obasanjo said the removal of History from the nation’s educational curriculum was a huge disaster.

He said, “I don’t know where we got the idea that we shouldn’t teach history in our school. It is a stupid idea.

“It is like losing one’s memory. It will be a disaster. I don’t know where we got it from. Some people feel there is an aspect of the history we don’t want to hear.

“There are always the bad and the good even in your own life. As you may know, I am a proprietor of a school, and in my school, we must teach History, and it must be taught the right way. You can then decide to take whatever you want to take out of it.

“There is no race in the world that has suffered like the black race, through slavery, slave trade and colonialism.

“In America, some people are now teaching that the slave trade was not a true story – that the white and the black went to the Caribbean in search of greener pastures.

“We were shipped there as slaves. If we allow that to go, we will be enslaved again, and we must not allow that to go.

“I have given myself the task of working with some people to keep the slave trade alive in our history. We must not allow anyone to say the slave trade is not a true story and we must keep it on the front burner.”

Speaking further, the former President said finding crude oil in Nigeria was the beginning of the country’s misfortune.

He said, “One of the things that was a little bit of misfortune in Nigeria is crude oil. We were drinking and sleeping oil, and it was a misfortune for us. It made us to abandon agriculture. Oil is a waste asset. Agriculture is renewable. We have to go back to it.

“We have to give something to our youths who are becoming restive, frustrated and dangerous.

“If we are going to curb that, it is giving them education, skills, empowerment and employment. If we don’t, they will soon come to attack us in our homes in the daytime, and it is a matter of time.

“Even food, we don’t produce enough. We spend over $20bn to import food. 60 per cent of arable land is not cultivated. The one cultivated is not used to maximum capacity. We need leaders who will lead us to the promised land.”

Advising up-and-coming politicians, he said it was a pity most politicians took politics as a profession without any backup plan.

He said, “Politicians are a different kettle of fish. They have to be in the world and be to some extent of the world.

“You must not be a professional politician. Politics is one profession you go into without any training. You can wake up today and say you are a politician.

“If you are going to be a successful politician you must have an alternative to being a politician, another means of livelihood

“When I was President, because I had to listen to my party and they wanted to push me in the way I should not go, I always told them, ‘Look! My farm is there. Take your job. I go back to my farm.’

“Some politicians have no second address. That is a great pity. A politician who has no second address will stand for anything. He has no principle, morality, dos and don’ts.”

President Bola Tinubu has ordered crackdown on members of the Indigenous People of Biafra (IPOB) following the brutal killing of five soldiers in Aba, Abia State.

The incident, which occurred on Thursday, resulted in the death of five soldiers and marked the second attack of that nature in recent months, following a similar one in Okuama, Delta State, that claimed the lives of seventeen soldiers including a lieutenant colonel, two majors and a captain.

In a strongly worded statement, Tinubu described the attack as “unwarranted, barbaric, and evil” and vowed that such acts would not be condoned by the Federal Government.

“The federal government will come down heavily against those who have made it a habit to needlessly attack the officers and men of our armed forces.

“On no account should anyone, under any guise, have the audacity to kill agents of state.

“I want to make it clear that the government of the Federal Republic of Nigeria and the armed forces have the capacity to crush violent non-state actors, making our communities unsafe.

“I urge security agencies not only to fish out the masterminds and perpetrators of the Aba attack, but also those calling on people to stay at home. Their action is nothing but a treasonable offence.

“The fact that the security forces are exercising necessary restraints should not be mistaken for weakness,” the president warned.

Earlier, the military high command promised a fierce response to the killing of the soldiers.

Major General Edward Buba, Director of Defence Media Operations, said the military would bring overwhelming pressure on IPOB to ensure their total defeat.

According to him, the slain soldiers belonged to Operation UDO KA and were deployed at Obikabia junction checkpoint in Obingwa Local Government Area adjourning Aba metropolis in Abia, where they attacked and killed by suspected IPOB/ESN members.

Buba said the surprise attack was executed using three tinted Prado Toyota SUVs and additional assailants from surrounding area.

“The attack sadly took the lives of five personnel of the armed forces. The armed forces mourns these troops as each and every soldier lost in battle is a terrible loss.

“Meanwhile, investigation are ongoing concerning the attack. Overall, it must be reiterated that the lifeline of the terrorist is the people and this situation is no exemption.

“Winning the war without the support of the people is close to impossible and the IPOB capitalised on this to perpetrate attacks on the troops.

“The situation leave more to be desired. Accordingly, it is absolutely imperative that the military retaliate against this dastardly act against troops.

“The military would be fierce in its response. We would bring overwhelming military pressure on the group to ensure their total defeat,” he said.

Former Super Falcons player Iyabo Abade, now a man and renamed James Johnson, has begged the Nigeria Football Federation to assist him with the payment of N69.7m to facilitate a corrective surgery that will enable him bear children.

Johnson, a confirmed hermaphrodite, was a member of the Falcons from 1997 to 2000 and successfully underwent a sex change operation in the United States in 2004 courtesy of then Minister, Federal Capital Territory, Mallam Nasir El-Rufai.

This came after a series of failed attempts to correct the abnormality that led to his being dropped from the women’s national team.

A hermaphrodite is a person or animal with both male and female organs. While it is common with animals, it is rare in human beings.

Johnson told our correspondent he wrote to the NFF for financial assistance last year to undergo the surgery but hasn’t heard from the football body.

The 40-year-old said he would be a fulfilled man if he could conclude the final stages of the surgery and bear children.

“Anytime I think that I can’t father a child’ yet, I feel broken, that’s why I wrote to the federation for financial assistance. The NFF president Ibrahim Gusau is a man with a listening ear and hopefully, through him, the federation can help me achieve my dream,” Johnson told our correspondent.

In the letter titled ‘Appeal for financial assistance to enable me finalise my surgery of transforming from an inter sex person (male and female organs – hermaphrodite) to full fledged man so that I can father a child’, and addressed to the NFF president, Ibrahim Gusau, Johnson said he needed the money to undergo the final two phases of surgery that would make him a full man.

The letter dated April 4, 2023, read, “My President, I am using this medium to passionately appeal to you for God and humanity sake, to use your good office to assist me financially to enable me travel to the United State of America where I did the 1 & 2 phase of surgery (Midway Hospital Medical Centre, Los Angeles) for the surgery and treatment of the 3rd and 4th phase of my transformation to a full fledge man so that I can father children.

“The total cost of the surgery and treatment is one hundred and sixty thousand dollar ($160,000) equivalent to sixty nine million seven hundred and fifty thousand naira (N69,750,000:00).”

The letter to Gusau added, “I was born hermaphrodite i.e both female and male organs and was brought up as a female. I love football and played very well, that led to my selection to play for the Super Falcons in 1997. During my days of playing, an issue ensued that led to a test, which confirmed that I am a hermaphrodite, 70% male and 30% female. This led to terminating my appointment as a female player.

“The NFA (Nigeria Football Association) instructed that I should go for sex corrective surgery. The then Minister of Federal Capital Territory Mallam Nasir El-Rufai in 2004 sponsored my trip to the United State of America to undergo the sex corrective surgery.

“I was told that I’m going to undergo four phases of surgery. The first and second phase was done and I was invited to join the Flying Eagles in camp in 2005. I was coached by Samson Siasia, but I was dropped due to overage.

“I was able to sign up with NEPA Football Club of Abuja, from there I signed for Plateau United of Jos. I later went on to sign up with Crown Football Club of Ogbomoso in Oyo State, where I was discriminated against and humiliated.”

The Branch Controller (Ekiti) of the West African Examinations Council (WAEC), Mrs. T.A.Y. Lawson, has stated that the National Labour Congress’s nationwide strike set to begin on Monday will not disrupt examinations across the country.

This was disclosed in a letter to principals and school proprietors in Ekiti State, titled “Notice of commencement of indefinite strike by NLC and TUC.”

Lawson stated that though the examination body sympathizes with the unions’ concerns, it is crucial that students do not suffer by missing the ongoing examinations.

The letter reads, “The attention of Management has been drawn to a notice of the Commencement of Indefinite Strike by NLC and TUC effective, Monday, 3rd June 2024.

“Please be formally informed that the conduct of WASSCE SC 2024 goes on as scheduled.

“In as much as we share the concerns of the unions and the generality of Nigerians, the WASSCE SC is going on across the member Countries of WAEC and the Nigerian Child should not be put to a disadvantage of missing the exam.

“For the aforesaid reason, WAEC will conduct the exam and School Principals, supervisors, parents and the general public should please take note and make adequate arrangements for their candidates to sit the exam. Kindly be guided accordingly.”

Real Madrid claimed a record-extending 15th European Cup after goals from Dani Carvajal and Vinícius Júnior earned a hard-fought 2-0 win over Borussia Dortmund in the UEFA Champions League final at Wembley Stadium.

Der BVB landed the first jab in this heavyweight clash, as Julian Brandt fired wide from Niclas Füllkrug’s intelligent pass.

Karim Adeyemi was then left to rue a golden missed opportunity after arching his run beautifully to meet a Mats Hummels pass, but could not find a way past Thibaut Courtois.

Füllkrug then slid into the box and agonisingly saw his effort hit the post, in another huge warning for Carlo Ancelotti’s side. Courtois was called into action again to deny the lively Adeyemi, before comfortably dealing with Füllkrug’s follow-up header.

The Belgian was by far the busier of the two shot-stoppers, and pushed away Marcel Sabitzer’s strike, leaving Edin Terzić’s men wondering how they had not managed to draw first blood before halftime.

Toni Kroos was making the final appearance of his illustrious club career, and almost answered his team’s call for a moment of magic when the German’s free-kick was pushed behind by Gregor Kobel in the Swiss goalkeeper’s first save of the match, just past the restart.

However, there was a growing sense of inevitability that despite Dortmund’s overall superiority, it was only a matter of time before Real struck first.

Kroos was the provider with a sublime corner into the path of Carvajal, who executed a superb glancing header past Kobel in the 74th minute, and a club synonymous with this competition had struck first.

Vinícius scored the killer second goal with a scuffed angled finish from Bellingham’s pass, and Dortmund’s brave fight had come to nothing.

This was another far-from-vintage Los Blancos performance, but incredibly, it was enough to get the job done and secure what was surprisingly only a fourth LaLiga and European Cup double. It was also a fitting way for Kroos to end his club career before making his final playing sojourn at UEFA Euro 2024, winning a joint-record sixth European Cup/UCL title, matching club legend Paco Gento’s record.

Fulham and Super Eagles midfielder, Alex Iwobi has said he has no regret in choosing Nigeria over England.

Speaking in an interview with Kiss Fresh, London, Iwobi stated he respects England but feels more at home in Nigeria.

He added that football in Nigeria is like a festival, stressing that the entertaining atmosphere in Nigerian stadia gives him a sense of belonging.

“I actually felt more at home in Nigeria. Football out there is like a festival, it’s like a party. You go into the game, you see people blowing trumpets, and drums, it doesn’t even feel like a proper match. I was like, ‘Yeah, this is where I belong.’

“Of course, I have respect for England but I have no regret in choosing Nigeria.”

Iwobi represented England up to under-18 level. He made his senior international debut for Nigeria in October 2015.

The Dangote refinery in Nigeria has marked a significant milestone by exporting its first jet fuel cargo to Europe.

This milestone is pivotal in the global energy market, underscoring the rapid expansion of the facility’s operations.

On Friday, S&P Global Commodity Insights reported that BP is moving 45,000 metric tons of jet fuel from the Dangote refinery to Rotterdam via the Doric Breeze.

This export marks the refinery’s debut in the European market, following a substantial 120,000 metric ton tender.

According to PUNCH Online, “BP cargo” denotes the jet fuel shipment acquired and currently being transported by British Petroleum (BP).

This groundbreaking development involves BP leading the transportation of 45,000 metric tons of jet fuel to Rotterdam, signifying a pivotal moment for the new 650,000 b/d complex and potentially reshaping global energy dynamics.

The shipment, loaded from Lekki on May 27, highlights the refinery’s swift increase in production and its compliance with European jet A1 standards, potentially altering West African trade flows.

“Two sources confirmed that the Doric Breeze ship marked the inaugural BP cargo, loading 45,000 mt of supply from Lekki May 27, according to S&P Global Commodities at Sea data.

“Cepsa also secured part of the tender, with the Spanish refiner expected to deliver supply to the continent imminently, traders said.

“Neither of the companies were available for comments on purchases of jet fuel from the refinery, while a representative from Dangote previously confirmed to S&P Global Commodity Insights that the refinery has complied with European jet A1 standards since the product first started being shipped within Africa in April.

“The inaugural European shipment demonstrates the growing reach of products from the 650,000 b/d Dangote refinery as it has rapidly ramped up operations and aims to shake up established West African trade flows.

“Dangote has exported six jet fuel/kerosene cargoes starting April 8, with all material delivered to Senegal, Togo or Ghana, according to CAS data. BP is also expected to continue supplying jet fuel to the West African market with product from the refinery,” sources said.

European traders cautioned that the influx of fresh jet fuel flows from Nigeria could worsen existing market weakness due to oversupply.

The Central Bank of Nigeria on Friday, announced that international oil companies can sell their retained 50 per cent of repatriated export proceeds in the Nigerian Foreign Exchange Market.

This decision comes after the CBN placed limits on the transfer of crude export proceeds by IOCs to offshore parent company accounts on February 14.

The apex bank noted that these transfers affected domestic foreign exchange market liquidity and sought to reverse the trend through ongoing reforms.

According to a circular signed by the Director of Trade and Exchange Department, W.J. Kanya, banks can only transfer 50 per cent of repatriated export proceeds to IOCs’ offshore parent company accounts, with the remaining 50 per cent repatriated after 90 days.

However, on May 6, the CBN reviewed this directive, allowing IOCs to repatriate 50 per cent of their export proceeds immediately or as needed, while the remaining 50 per cent can be used to settle financial obligations in Nigeria.

This move aims to balance the needs of IOCs with the need to maintain liquidity in the domestic foreign exchange market.


By allowing IOCs to sell their retained proceeds in the Nigerian market, the CBN seeks to boost liquidity and promote economic growth.


However, in a new development, CBN said following the release of the circular “dated May 06, 2024, referenced TED/FEM/PUB/FPC/001/008, in respect of Cash Pooling by banks on behalf of IOCs, we received several requests for clarification on item No 3 ( on forex sales at the Nigeria Foreign Exchange Market”.

Providing more clarifications, the apex bank said the “50% balance of the repatriated export proceeds may be sold to Authorized Dealers or eligible users of foreign exchange with eligible transactions”.

“If the IOC does not have any financial obligation to settle with the funds during or after the 90-day retention period, the 50% balance may also be sold wholly as stated in (1) above,” CBN said.

Some of the financial obligations mentioned by the CBN are the balance for cash calls, domestic loan principal and interest payments, transaction taxes (including the Nigerian Content Development Levy) and education tax