UK GOVT INVESTS $6M IN INFRACREDIT TO BOOST NIGERIA’S ENERGY TRANSITION, INFRASTRUCTURE. (PHOTO).

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 UK Govt invests $6m in InfraCredit to boost Nigeria’s Energy transition, infrastructure The United Kingdom has announced an investment of $6 million towards unlocking domestic capital for Nigeria’s infrastructure development and energy transition. The investment was made through its MOBILIST programme to support the listing of InfraCredit on the NASD OTC Exchange Plc. The total listing by InfraCredit, Nigeria’s first and only domestic credit guarantor, is valued at N64 billion ($41 million). The company successfully raised NGN27 billion ($17.7 million) in new equity as part of the transaction. The investment from MOBILIST will further enable InfraCredit to expand its guarantee capacity and support a broader pipeline of infrastructure projects across the country. A statement by InfraCredit said the investment addresses this gap by offering Naira-denominated guarantees that enhance the creditworthiness of infrastructure debt instruments, thereby attracting investment from Nigerian i...
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GOVERNORS HAVE DECLARED WAR ON NIGERIAN WORKERS-NLC.

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                        In a statement signed by its president,Comrade Ayuba Wabba,the NLC {Nigeria Labour Congress} said the declaration by the governors was an attempt to frustrate efforts by organised labour to table a proposal for a review of the current minimum wage which was signed in 2011.The NLC said it was prepared to fight any attempt to frustrate improved worker's welfare in the country,saying organised labour was ready to do battle to raise the living standard of Nigerian workers.The congress said ''The Nigeria Labour Congress is shocked by the Chairman of the Governor's forum,Governor Abdulaziz Yari,that the N18,000 National Minimum Wage promulgated into law in 2011 was no longer sustainable because of the fall in th price of crude oil.The governor who was speaking on behalf of his colleagues at the end of a meeting of the forum also claimed that the National Minimum Wage was imposed.We wish to make it abundantly clear that this attempt to reverse the National Minimum Wage is a declaration of war against the working people of this country and we would have no alternative than to mobilize to respond to this act of aggression by the political class in our welfare.For the records the 2011 National Minimum wage came into existence after almost two years of agitation and eventual negotiation by the tripartite committee of government {represented by both the Federal and state governments},the Nigeria Employers Consultative Association representing other employers
[in the private sector} and organized labour.This is the best tradition of tripartite negotiation recognized and codified by the international labour organization .As organised labour,we submitted a request for N52,000 and provided justification fot it as the minimum wage which a worker and his recognised legal dependents needs to live a healthy life over 30-31 days in a month''.One more photo below.                                                                                                                                                           

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