LAGOS LAW REFORM COMMISSION ENGAGES TOURISM, AGRICULTURE MINISTRIES ON SECTORAL LAW REFORMS. (PHOTOS). #PRESS RELEASE.

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 LAGOS LAW REFORM COMMISSION ENGAGES TOURISM, AGRICULTURE MINISTRIES ON SECTORAL LAW REFORMS The Lagos State Law Reform Commission recently held consultative engagements with the Ministry of Tourism, Arts and Culture and the Ministry of Agriculture and Food Systems as part of ongoing efforts to review, modernise and harmonise sectoral laws for improved governance, institutional efficiency and sustainable development in Lagos State. The engagement with the Ministry of Tourism, Arts and Culture was initiated and led by the Executive Secretary of the Commission, Mrs. Oluyemisi Ogunlola.  The delegation was received by the Permanent Secretary of the Ministry, Princess Adebopo Oyekan-Ismaila, alongside relevant departmental and agency representatives. Speaking during the session, Mrs. Ogunlola stated that the engagement was convened to examine grey areas in the draft legal framework proposed by the Ministry and its agencies, particularly issues relating to overlapping responsibilit...

NEC ESTABLISHES COMMITTEE TO ADDRESS N702.9BN COST OF LIVING ALLOWANCE FOR WORKERS.(PHOTO).



NEC ESTABLISHES COMMITTEE TO ADDRESS N702.9BN COST OF LIVING ALLOWANCE FOR WORKERS


NEC Establishes Ad Hoc Committee to Address Nigerian Workers' Hardship After Fuel Subsidy Removal
In response to the challenges faced by Nigerian workers due to the removal of fuel subsidy, the National Economic Council (NEC) has taken action by setting up an ad hoc committee. The committee's primary objective is to find effective measures to alleviate the suffering experienced by workers across the country.

According to a statement from the Office of the Vice President, the council has granted the committee a two-week timeframe to explore two proposed scenarios put forth by the National Salaries Wages and Income Commission (NSWIC). The statement highlights that this decision was made during the inaugural NEC meeting chaired by Vice-President Kashim Shettima, following its establishment by President Bola Tinubu.

Mr. Ekpo Nta, the Chairman of NSWIC, has recommended two key measures to address the situation. Firstly, he suggests reviewing the national minimum wage to ensure it reflects the current economic realities. Additionally, he proposes the creation of a cost of living adjustment allowance, amounting to N702.9bn, to mitigate the adverse effects of the subsidy removal on workers.

During the meeting, the NEC also provided an update on the nation's financial accounts. It was reported that the Excess Crude Account stands at $473,754.56, the Stabilisation Account at N26.6bn, and the Natural Resources Fund at N96.9bn.

 

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