GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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GOV. OBASEKI RAISES MINIMUM WAGE FOR EDO STATE WORKERS TO N70, 000.(PHOTO).

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Governor Obaseki Raises Minimum Wage for Edo State Workers to N70,000

In a move that has been hailed as a boon for workers in Edo State, Governor Godwin Obaseki announced a significant increase in the minimum wage for civil servants to N70,000. The Governor made this historic declaration while inaugurating the Labour House on Monday, signaling a positive change in the lives of thousands of workers in the state.

Governor Obaseki emphasized that the new minimum wage will take effect from May 1st, 2024, providing a much-needed boost to the livelihoods of workers in Edo State. This decision showcases the Governor's commitment to improving the welfare and standard of living of workers under his administration.

Having secured a second term in office, Governor Obaseki's move adds to his track record of prioritizing the well-being of the people of Edo State. As the state prepares for another critical governorship election in September this year, the increase in minimum wage is likely to resonate positively with voters and further bolster support for the Governor's party and his administration. 

The announcement has been met with praise and optimism from the workforce in Edo State, setting a new standard for worker welfare across the state.

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