Day: October 9, 2019

Forex restriction: Dairy product import drops by 25.19%

 Dorothy Ewah

Following the Central Bank of Nigeria (CBN) restriction on foreign exchange for importation of certain products, Nigeria has witnessed a 25.19 per cent drop in importation of dairy products from New Zealand and three other countries.   New Telegraph reports that Nigeria imported N211billion ($578. 97million) worth of the product between 2017 and 2018.   Findings by New Telegraph revealed that the sharp drop had to do with CBN’s policy on foreign exchange restriction on the product, as statistics by International Trade Statistics (ITS) show that the country imported $331.19…

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Sessi: Buhari’s fight against corruption is mere window dressing

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  Comrade Agnes Funmi Sessi is the Chairman, Nigeria Labour Congress (NLC), Lagos State Council. In this interview with Sunday Ojeme, she speaks on the raging minimum wage controversy, corruption in the system and uncertain future for Nigerian youths   Almost three years after the technical committee on new minimum wage finished its assignment and government too accepted the report, implementation has become impossible. When do we expect an end to the logjam?   You know most of the time, the sincerity of government is always put to question. If…

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NLC seeks collaboration to rid Lagos of sex workers

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REORIENTATION There is need to educate, reabsorb, counsel as well as empower them through vocational training to enable them live a more decent life     Following the shocking appearance of sex workers during the last Workers’ Day rally in Lagos, organised labour, under the aegis of Nigeria Labour Congress (NLC), Lagos State Council, is taking steps to collaborate with Lagos State Government, non-governmental organisations and other relevant agencies to re-orientate the sex workers and gradually rid the state of the ignoble profession.   Disclosing this to Newsfieldglobal, the Chairman…

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Labour tasks FG’s economic team on diversification

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  As Nigeria marks her 59th Independence anniversary, organised labour under the aegis of Trade Union Congress [TUC] has advised the newly created Economic team to work towards diversifying the economy for growth.   Lamenting the backwardness the country had been through in the last 59 years compared with countries like China and India, the labour centre in a statement signed by its President, Comrade Quadri Olaleye, and Secretary General, Comrade (Barr.) Musa-Lawal Ozigi, mni, advised the team to work to diversify the economy so the teaming youths can be…

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