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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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Nigeria’s oil output rises 0.4% in August

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Nigeria’s crude oil and condensate production rose by 0.4 per cent to 1,677,777 barrels per day (bpd) in August 2026.

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its crude oil and condensate statistics report released on Sunday.

The commission said crude oil production, excluding condensate, averaged 1,500,190 bpd during the month under review.

It added that Nigeria met its Organisation of Petroleum Exporting Countries (OPEC) crude oil quota for the fourth consecutive month.

According to the report, combined crude oil and condensate production fluctuated between a daily low of 1.64 million barrels and a high of 1.71 million barrels.

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The report showed that Bonny Terminal recorded the highest average production at 320.04 thousand barrels per day (kbpd).

Forcados Terminal followed closely, recording an average daily production of 317.40 kbpd during the month.

“Qua Iboe Terminal recorded an average production of 171.72kbpd of crude oil and condensates,” the report said.

It added that Escravos Oil Terminal recorded a daily average production of 131.71 kbpd during the period.

Bonga ranked fifth among the highest-producing terminals, with an average output of 92.50 kbpd of crude oil.

Factors behind the increase in production

Nigeria’s oil output rises 0.4% in August
Nigeria’s oil output rises 0.4% in August

The NUPRC attributed the modest increase in August production largely to the resolution of operational challenges involving the Single Buoy Mooring (SBM) at the Erha field.

The commission said the challenges had adversely affected production performance in the preceding month.

It explained that restoring normal evacuation and production operations at the Erha field contributed positively to overall production volumes in August.

“Production activities across most other producing assets remained relatively stable,” the report said.

It said operators continued implementing measures to optimise production efficiency, maintain asset integrity and minimise operational disruptions.

The commission added that routine production and crude evacuation operations were generally sustained across the industry during the period.

“These supported the observed improvement in output,” it said.

The report described the August increase as modest but said it reflected continuing industry efforts to address operational bottlenecks.

It said stakeholders were also working to restore affected production capacity and support sustained growth in the coming months.

The commission said operators remained focused on improving asset reliability and operational resilience across Nigeria’s upstream petroleum sector.

READ ALSO: Akwa Ibom communities demand action on abandoned oil wells

It added that intervention programmes were being advanced to strengthen production performance and reduce disruptions.

The August performance, according to the NUPRC, underscored the importance of resolving operational constraints promptly.

It also highlighted the need for effective asset management and continued collaboration among industry stakeholders.

Such measures, the commission said, remained critical to safeguarding and improving Nigeria’s crude oil production capacity.

(NAN)


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Cornerstone Insurance Unveils “Cornerstone 3.0” Transformation Agenda at 2026 Brokers’ Business Lunch

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Cornerstone Insurance PLC has unveiled key elements of its transformation agenda, “Cornerstone 3.0,” aimed at strengthening its operations, enhancing customer experience and positioning the company for sustainable growth.

The agenda was a major focus at the company’s 2026 Brokers’ Business Lunch, recently held at the Metropolitan Club, Lagos, with brokers, stakeholders and members of Cornerstone’s management team.

The gathering provided an opportunity to share the company’s broader strategic direction with the market, backed by the support of its majority shareholder, Chapel Hill Denham. The partnership with Chapel Hill Denham forms part of Cornerstone’s broader growth and transformation journey, as the company strengthens its business, enhances its market position and prepares for its next phase of growth.

The event was led by Stephen Alangbo, Managing Director/CEO, Cornerstone Insurance PLC; Kola Adekoya, Acting Managing Director, FIN Insurance Company LTD and Abdur Rasheed Babalola, Managing Director, Hilal Takaful Insurance.

Speaking at the event, Mr. Alangbo, outlined Cornerstone’s vision for its next phase of growth, highlighting the significant changes taking place across the business. At the heart of this journey is Cornerstone 3.0, a transformation programme focused on building a more agile, technology-driven and customer-centric insurance business. A key component of the transformation is the planned restructuring into Cornerstone Life and Cornerstone General, alongside the continued development of Hilal Takaful Insurance to expand the company’s Takaful offerings, subject to final approval by NAICOM.

Technology also remains a key component of the agenda, with the evolution of CiCi, Cornerstone’s AI-powered customer service platform, including its voicebot capability, aimed at making services such as enquiries, complaints, claims, policy renewals and insurance purchases more accessible.

Mr. Alangbo further reaffirmed their commitment to fast and efficient claims processing, recognising responsive claims service as central to delivering value and building customer trust.

The Brokers’ Lunch also provided an opportunity for Cornerstone to engage directly with the brokers, receive feedback and identify areas for improved collaboration. Stephen Alangbo acknowledged brokers as key drivers of the business and encouraged them to continue to consider Cornerstone as a first-choice partner for their clients’ corporate, individual and Takaful insurance needs.

The engagement reflects Cornerstone’s commitment to working closely with its broker network, as it advances its transformation agenda and builds a more agile, innovative and customer-focused insurance business.

The post Cornerstone Insurance Unveils “Cornerstone 3.0” Transformation Agenda at 2026 Brokers’ Business Lunch appeared first on Business Today NG.

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