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Average price of 5kg cooking gas stood at N4,588.75 in January – NBS

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The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N4,565.56 recorded in December 2022 to N4,588.75 in January 2023.

This is contained in the Bureau’s “Cooking Gas Price Watch’’ for January 2023 released on Friday in Abuja.

The report said the January 2023 price represented a 0.51 per cent increase compared to what was obtained in December 2022.

It said on a year-on-year basis, the increase was 25.46 per cent from N3,657.57 recorded in January 2022 to N4,588.75 recorded in January 2023.

On state profile analysis, the report showed that Kwara recorded the highest average price of N4,962.50 for 5kg cooking gas, followed by Plateau at N4,945.50, and Adamawa at N4,936.67.

It said on the other hand, Enugu recorded the lowest price at N4,119.23, followed by Anambra and Rivers at N4,183.14 and N4,210.00, respectively.

Analysis by zone showed that the North-Central recorded the highest average retail price of N4,859.60, followed by the North-West at N4,616.66.

“The South-East recorded the lowest average retail price at N4,408.99,’’ the NBS said.

The NBS also said the average retail price for refilling a 12.5kg cooking gas rose by 0.28 per cent on a month-on-month basis from N10,248.97 in December 2022 to N10,277.17 in January 2023.

“On a year-on-year basis, this rose by 38.63 per cent from N7,413.25 recorded in January 2022 to N10,277.17 in January 2023.’’

State profile analysis showed that Benue recorded the highest average retail price of N11,260.67 for 12.5kg cooking gas, followed by Cross River at N10,833.33 and Ebonyi at N10,763.57.

On the other hand, the report showed that the lowest average price for 12.5kg of cooking gas was recorded in Yobe at N9,550.00, followed by Taraba and Gombe at N9,845.00 and N9,850.00.

Similarly, the average retail price per litre of kerosene rose to N1,153.40 in January 2023 on a month-on-month basis, showing an increase of 4.42 per cent compared to N1,104.61 recorded in December 2022.

According to its National Kerosene Price Watch for January 2023, on a year-on-year basis, the average retail price per litre of kerosene rose by 163.87 per cent from N437.11 in January 2022.

On state profile analysis, the report showed the highest average price per litre of kerosene in December 2023 was recorded in Abuja at N1,566.67, followed by Lagos at N1,411.11 and Plateau at N1,383.33.

“On the other hand, the lowest price was recorded in Jigawa at N891.67, followed by Edo at N925.93 and Katsina at N935.19.

The NBS said that analysis by zone showed that the South-West recorded the highest average retail price per litre of Kerosene at N1,232.15, followed by the South-East at N1,223.95

It said that the North-West recorded the lowest average retail price per litre of kerosene at N1,003.54.

The report said the average retail price per gallon of kerosene paid by consumers in January 2023 was N3,886.11, indicating a 3.54 per cent increase from N3,753.38 recorded in December 2022.

“On a year-on-year basis, the average price per gallon of kerosene increased by 154.20 per cent from N1,528.74 recorded in January 2022.

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FAAN starts sales of E-Tags at airports

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The Federal Airport Authority of Nigeria (FAAN) said it has started the sales of e-tags at airports.

FAAN confirmed this in a statement on Friday. “Following the presidential directive that all citizens are mandated to pay for e-tags at all the 24 federal airports across the country, we wish to inform the general public that the e-tags are available for sale from Friday, 17th May 2024 at the following locations,” it said.

“Lagos: Murtala Muhammed International Airport Lagos, Terminal 1, 5th Floor) Office of HOD Commercial. Contact: 08033713796 or 08023546030.

“Abuja: Nnamdi Azikiwe International Airport, HOD Commercial Office (General Aviation Terminal) Contact: 08034633527 or 08137561615.”

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FG, Labour to reconvene next week over minimum wage negotiation

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The Tripartite Committee on Minimum Wage will reconvene on Tuesday, May 23 to further negotiate a reasonable new minimum wage for workers, after the organised labour walked out of the negotiation on May 15.

An invitation letter sent to the labour leaders by the chairman of the committee, Bukar Goni, states that the other members of the committee have agreed to shift grounds from the N48,000 proposal which was made on Wednesday.

The letter appealed to the labour leaders to speak to their members and attend the reconvened meeting next Tuesday.

The organised labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have proposed a new minimum wage of N615,000, which is way higher than the N48,000 proposal by the government.

The organised private sector, on the other hand, proposed an initial offer of N54,000. After dumping the talks, the labour leaders addressed a press conference where they expressed their anger over the Federal Government’s offer.

They blamed the government and the private sector for the breakdown in negotiation.

The Federal Government had failed to present a nationally acceptable minimum wage to Nigerians before the May 1 Labour Day.

The situation has forced labour to be at loggerheads with the government. In the wake of the tussle, the NLC President Joe Ajaero insisted on the N615,000 minimum wage, arguing that the amount was arrived at after an analysis of the economic situation worsened by the hike in the cost of living and the needs of an average Nigerian family of six.

Ajaero and labour leaders have given the Federal Government a May 31 deadline to meet their demands.

On January 30, Vice President Kashim Shettima inaugurated the 37-member  tripartite committee to come up with a new minimum wage.

With its membership cutting across federal, and state governments, the private sector, and organised labour, the panel is to recommend a new national minimum wage for the country.

During the committee’s inauguration, the Vice President urged the members to “speedily” arrive at a resolution and submit their reports early.

“This timely submission is crucial to ensure the emergence of a new minimum wage,” Shettima said.

The 37-man committee is chaired by the former Head of the Civil Service of the Federation, Goni Aji.

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Tinubu appoints governing board members for 111 tertiary institutions

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President Bola Tinubu has approved the appointments of at least 555 persons to serve as Pro-chancellors/Chairmen and members of Governing Boards of 111 federal universities, polytechnics and Colleges of Education.

This followed Tinubu’s assent to a list of nominees selected by the Ministry of Education.

It was signed by the ministry’s Permanent Secretary, Mrs. Didi Esther Walson-Jack.

“The inauguration and retreat for the Governing Councils will take place on Thursday, May 30 and Friday, May 31, 2024, at the National Universities Commission, 26 Aguiyi Ironsi Street, Maitama, Abuja. Both events will commence at 9:00am daily,” said Walson-Jack.

When contacted for confirmation, the Presidency said the list emanated from the Ministry of Education.

“This is from the Federal Ministry of Education…they make the nominations and forward them to the President to sign. But they are at liberty to release it from their end,” the President’s Special Adviser on Information and Strategy, Bayo Onanuga, told our correspondent on Saturday.

The appointments come days after the Academic Staff Union of Universities had threatened to embark on another strike, potentially disrupting the academic calendar and causing further setbacks in the country’s higher education sector.

The union, on Tuesday, decried the failure of the Federal Government to appoint Governing Councils for federal universities.

The union also faulted what it described as the nonchalant attitude of the President Bola Tinubu-led Federal Government to matters about academics in federal universities.

The body of academics, during a briefing at the University of Abuja, also faulted the 35 per cent salary increment for professors and the 25 per cent salary increment for other academics in the university system.

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