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2026 May Day: LASG Announces ₦50,000 Salary Support for Workers, Reaffirms Commitment to Welfare, Industrial Harmony

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Lagos State Governor, Mr. Babajide Sanwo-Olu, has approved an additional ₦50,000 to State workers’ salaries for the month of May as part of efforts to cushion the prevailing economic hardship, particularly the impact of rising fuel prices.

Governor Sanwo-Olu made the announcement at the 2026 Workers Day celebration themed “Insecurity, Poverty: Bane of Decent Work”, held on Friday at the Mobolaji Johnson Arena, Onikan, Lagos.

He reiterated that the intervention, which will be reviewed, underscores his administration’s resolve to ensure that Lagos remains a functional city and one that works for its residents, especially the workforce that drives its growth and development.

Governor Sanwo-Olu, represented by his deputy, Dr. Kadri Obafemi Hamzat, emphasised that the welfare of workers remains central to his administration’s agenda, adding that the government will continue to deploy sustained support measures to ease economic pressures and improve living conditions.

“Our job has always been to make sure that the city we are building is also a city that works for you. We know that prices of fuel are rising. We know we did not cause the war in Iran, but we are feeling its impact. So this government has made the decision that for this May, there will be an additional ₦50,000 for every worker in Lagos State, irrespective of grades—₦50,000 across the board,” he said.

He further reaffirmed his administration’s commitment to addressing structural, policy, and moral challenges affecting the workforce, noting that the realities faced by workers require deliberate and measurable action rather than rhetoric.

According to him, the administration has spent the past seven years systematically tackling these challenges through targeted interventions aimed at improving welfare, dignity, and productivity. He cited issues such as long commuting hours, housing affordability, and delayed retirement benefits as structural and moral concerns being addressed through policy reforms.

Governor Sanwo-Olu stressed that public servants are regarded not as a budget line or political bloc, but as the living infrastructure of Lagos State.

He also highlighted key reforms and investments across sectors, including the implementation of the highest minimum wage in the country, expansion of healthcare coverage through the Lagos State Health Management Authority, and the introduction of the “Ilera Eko Easy Pay system” to ease health insurance payments for residents.

On pensions, he said the Lagos State Pension Commission has intensified timely payments, disbursing over N1 billion to retirees while introducing free first-year post-service healthcare and pre-retirement support initiatives.

He further restated the administration’s commitment to dignifying senior civil servants through the provision of official vehicles, describing it as part of deliberate efforts to improve efficiency and living standards.

The Governor also commended the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) for their constructive engagement, noting that while discussions may not always be seamless, the government remains committed to open dialogue and sustained collaboration with labour unions.

In his goodwill message, the Lagos State Head of Service, Mr. Olabode Agoro, described workers as critical partners in governance and economic development, stressing that the government will continue to implement strategic interventions to improve welfare and working conditions.

He said the Workers Day Celebration offered an opportunity to reflect on progress made and to reaffirm commitment to building a more efficient and people-centred public service, adding that the strong relationship between government and labour unions remains a key driver of industrial harmony in the State.

Also speaking, the Commissioner for Establishments and Training, Mr. Afolabi Ayantayo, commended Governor Sanwo-Olu’s administration for its consistent investment in workers’ welfare, describing it as a clear demonstration of leadership that prioritises labour harmony and productivity.

He noted that the administration has ensured seamless implementation of the minimum wage, prompt salary and pension payments, and clearance of retirement bond certificate backlogs, thereby transforming labour relations into a partnership for progress.

In their remarks, the Chairperson of the Nigeria Labour Congress (NLC), Lagos State Council, Comrade Agnes Funmi Sessi, and her Trade Union of Nigeria (TUC) counterpart, Comrade Aladetan Abiodun, stressed the importance of the event as one that presents an opportunity to appreciate the invaluable contributions of workers to national development, reevaluate the collective progress and advance policies that guarantee industrial harmony, decent work and social justice for all.

They added that continued government participation in the May Day celebration, particularly the presence of the Governor and his cabinet members and other top government officials, demonstrates a commendable commitment to the welfare of workers in the state.

While commending the approval of the current minimum wage, she argued that it is no longer sufficient to meet basic needs as inflationary pressures, worsened by global geopolitical tensions, have significantly eroded workers’ purchasing power.

They therefore appealed for a review of the minimum wage from ₦85,000 to ₦250,000, stressing that Lagos remains Nigeria’s economic nerve centre, where the cost of transportation, housing, and feeding remains exceptionally high.

Lagos State Governor, Mr. Babajide Sanwo-Olu, has approved an additional ₦50,000 to State workers’ salaries for the month of May as part of efforts to cushion the prevailing economic hardship, particularly the impact of rising fuel prices.

Governor Sanwo-Olu made the announcement at the 2026 Workers Day celebration themed “Insecurity, Poverty: Bane of Decent Work”, held on Friday at the Mobolaji Johnson Arena, Onikan, Lagos.

He reiterated that the intervention, which will be reviewed, underscores his administration’s resolve to ensure that Lagos remains a functional city and one that works for its residents, especially the workforce that drives its growth and development.

Governor Sanwo-Olu, represented by his deputy, Dr. Kadri Obafemi Hamzat, emphasised that the welfare of workers remains central to his administration’s agenda, adding that the government will continue to deploy sustained support measures to ease economic pressures and improve living conditions.

“Our job has always been to make sure that the city we are building is also a city that works for you. We know that prices of fuel are rising. We know we did not cause the war in Iran, but we are feeling its impact. So this government has made the decision that for this May, there will be an additional ₦50,000 for every worker in Lagos State, irrespective of grades—₦50,000 across the board,” he said.

He further reaffirmed his administration’s commitment to addressing structural, policy, and moral challenges affecting the workforce, noting that the realities faced by workers require deliberate and measurable action rather than rhetoric.

According to him, the administration has spent the past seven years systematically tackling these challenges through targeted interventions aimed at improving welfare, dignity, and productivity. He cited issues such as long commuting hours, housing affordability, and delayed retirement benefits as structural and moral concerns being addressed through policy reforms.

Governor Sanwo-Olu stressed that public servants are regarded not as a budget line or political bloc, but as the living infrastructure of Lagos State.

He also highlighted key reforms and investments across sectors, including the implementation of the highest minimum wage in the country, expansion of healthcare coverage through the Lagos State Health Management Authority, and the introduction of the “Ilera Eko Easy Pay system” to ease health insurance payments for residents.

On pensions, he said the Lagos State Pension Commission has intensified timely payments, disbursing over N1 billion to retirees while introducing free first-year post-service healthcare and pre-retirement support initiatives.

He further restated the administration’s commitment to dignifying senior civil servants through the provision of official vehicles, describing it as part of deliberate efforts to improve efficiency and living standards.

The Governor also commended the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) for their constructive engagement, noting that while discussions may not always be seamless, the government remains committed to open dialogue and sustained collaboration with labour unions.

In his goodwill message, the Lagos State Head of Service, Mr. Olabode Agoro, described workers as critical partners in governance and economic development, stressing that the government will continue to implement strategic interventions to improve welfare and working conditions.

He said the Workers Day Celebration offered an opportunity to reflect on progress made and to reaffirm commitment to building a more efficient and people-centred public service, adding that the strong relationship between government and labour unions remains a key driver of industrial harmony in the State.

Also speaking, the Commissioner for Establishments and Training, Mr. Afolabi Ayantayo, commended Governor Sanwo-Olu’s administration for its consistent investment in workers’ welfare, describing it as a clear demonstration of leadership that prioritises labour harmony and productivity.

He noted that the administration has ensured seamless implementation of the minimum wage, prompt salary and pension payments, and clearance of retirement bond certificate backlogs, thereby transforming labour relations into a partnership for progress.

In their remarks, the Chairperson of the Nigeria Labour Congress (NLC), Lagos State Council, Comrade Agnes Funmi Sessi, and her Trade Union of Nigeria (TUC) counterpart, Comrade Aladetan Abiodun, stressed the importance of the event as one that presents an opportunity to appreciate the invaluable contributions of workers to national development, reevaluate the collective progress and advance policies that guarantee industrial harmony, decent work and social justice for all.

They added that continued government participation in the May Day celebration, particularly the presence of the Governor and his cabinet members and other top government officials, demonstrates a commendable commitment to the welfare of workers in the state.

While commending the approval of the current minimum wage, she argued that it is no longer sufficient to meet basic needs as inflationary pressures, worsened by global geopolitical tensions, have significantly eroded workers’ purchasing power.

They therefore appealed for a review of the minimum wage from ₦85,000 to ₦250,000, stressing that Lagos remains Nigeria’s economic nerve centre, where the cost of transportation, housing, and feeding remains exceptionally high.

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FidBank UK broadens investment pathways for Nigerians into UK market

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Leading financial institution, Fidelity Bank Plc’s international subsidiary, FidBank UK Limited, has announced a commitment to support Nigerians – both individuals and corporations – in acquiring properties in the United Kingdom.

Fidbank UK, which provides a comprehensive suite of financial services, including trade finance, personal and business banking, treasury services, commercial lending, and private banking, is set to deliver tailored financial solutions for high-net-worth individuals (HNIs) seeking to invest in the UK real estate market through its FidBank Buy-to-Let product.

This announcement was made at an exclusive product showcase hosted by the British Deputy High Commissioner, Jonny Baxter, at his residence in Lagos on Tuesday.

The event was attended by a select audience comprising captains of industry and corporate leaders.

Highlighting the significance of the event, the Managing Director/Chief Executive Officer of FidBank UK Ltd, Johnson Enemadu, said: “This event is about showcasing to the market and our customers that there is something exciting in the market and we are able to take them along in this journey, supporting their businesses by bringing capital both in the financial institutions and corporate space and also for our high networth inidividuals. It is a total experience.

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“Today’s event is also taking place against the backdrop of strengthened bilateral relations between Nigeria and the United Kingdom, highlighted by the recent state visit of the President of the Federal Republic of Nigeria to the UK. This renewed engagement between both countries continues to unlock new pathways for trade, investment, and financial collaboration; and FidBank UK is pleased to play a leading role in driving this.”

In his welcome remarks, the British Deputy High Commissioner in Lagos, Jonny Baxter said:

“The United Kingdom remains firmly committed to deepening its economic partnership with Nigeria, with a clear focus on driving inclusive, sustainable investment, trade and economic growth. London’s position as a leading global financial centre is central to this, supported by robust financial infrastructure that enables efficient trade flows and seamless cross-border transactions between our markets.

It is therefore encouraging to see institutions such as FidBank UK advancing financial service offerings that not only expand investment opportunities in the UK, but also strengthen the financial systems supporting growing commercial ties. We welcome and support efforts that continue to enhance liquidity, facilitate trade, and drive sustainable UK-Nigeria economic connections.”

READ ALSO: Fidelity Bank Plc appoints new non-executive director

The well-attended event also featured art exhibitions by two of Nigeria’s leading visual art talents -Femi Morakinyo and Oswald Chukwunyeremugo – who displayed their latest works to the admiration of the guests.

Also speaking at the event, the Governor of Lagos State, Babajide Sanwo-Olu, represented by the Honourable Commissioner for Finance, Abayomi Oluyomi, lauded the initiative as it aligned with the administration’s T.H.E.M.E.S. Agenda, saying:

“FidBank UK offers a private banking relationship grounded in regulatory rigour and institutional trust. This is not a catalogue of products, it is a comprehensive financial architecture built for people who live, work and invest across the Nigerian-UK corridor”.

Operating from the heart of the City of London since 1983, FidBank UK provides a comprehensive range of banking services to customers doing business from and into Nigeria and other West African countries, including trade finance, personal banking, business banking, treasury services, commercial lending and private banking.

The bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority and subscribe to the Financial Services Compensation Scheme.


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From Hurdles to Growth: Inside the NCC’s Push for a Connected Nigeria

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BY NKECHI NAECHE-ESEZOBORWhen Dr. Aminu Maida took the helm at the Nigerian Communications Commission (NCC) in October 2023, he stepped into a challenging landscape marked by soaring operational costs and stubborn infrastructure gaps.

Yet, over the past few years, the commission has successfully turned these hurdles into stepping stones, steering Nigeria’s telecommunications sector toward a new era of steady growth and digital inclusion.

At the heart of the NCC’s recent success is a massive push to bring reliable phone and internet access to everyday Nigerians, especially those in rural and underserved communities.

By 2025, these deliberate efforts pushed the country’s internet broadband penetration rate to an impressive 48.81 percent, while teledensity—the percentage of the population with telephone connections—reached 79.65 percent.

Industry experts note that this rapid expansion didn’t happen by accident; it is the direct result of the regulatory stability and clear, reliable policy direction the NCC has established.Beyond simply expanding networks, the commission has taken aggressive steps to protect them.

In a major victory for the industry, the NCC actively championed a Presidential Executive Order that officially designates telecom facilities as Critical National Infrastructure.

This critical legal shield gives the government the teeth to fight back against the theft, vandalism, and sabotage that have long plagued network operators, disrupted daily services, and driven up business expenses.

Financially, the NCC has proven to be a vital engine for the nation’s economy. In the 2024 fiscal year alone, the commission generated roughly N195.8 billion through spectrum fees, operating licenses, and other regulatory revenues.

Proving its commitment to national development, the NCC sent more than N111 billion of those earnings straight into the Federal Government’s Consolidated Revenue Fund.

Looking toward the future, the NCC is also reshaping how technology businesses operate in Nigeria. The commission has introduced discussions for a fresh General Authorisation Framework alongside updated licensing systems. This modern approach is designed to cut through red tape for tech startups, welcome innovative business models, and make it much easier to deploy next-generation digital tools.

Ultimately, the NCC has managed a delicate balancing act. Even while navigating tough economic pressures like inflation and rising business expenses, the commission has successfully maintained investor confidence through open, transparent communication with network operators.

At the same time, it has kept its focus squarely on everyday citizens by strictly monitoring service quality and creating tools that help ordinary phone subscribers check network performance, ensuring that Nigeria’s digital future remains both strong and consumer-friendly.

The post From Hurdles to Growth: Inside the NCC’s Push for a Connected Nigeria appeared first on Business Today NG.

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