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BENUE STATE GOVERNMENT TO SHUT DOWN 2,100 SCHOOLS
The Benue State government is set to shut down 2,100 primary and secondary schools that are operating illegally as part of a crackdown to ensure educational institutions meet regulatory standards. This initiative, led by the Benue State Bureau for Education Quality Assurance (BEQA) under the direction of Dr. Terna Francis, aims to address the proliferation…
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Functions of National Salaries, Incomes and Wages Commission (NSIWC)
The functions of National Salaries, Incomes and Wages Commission (NSIWC) are:(a) advise the Federal Government on national income policy;(b) recommend the proportions of income growth that should be utilized for a general wage increase;(c) inform the Federal Government of current and incipient trends in wages and propose guidelines within which increase in wages should be…
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NIGERIAN ECONOMIC REFORM
Here are some recent highlights in business news:
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Membership of NSIWC (National Salaries, Incomes and Wages Commission)
Membership of NSIWC (National Salaries, Incomes and Wages Commission) comprises the chairman, commissioners and other management team members as follows: (a) three full-time Commissioners;(b) the Permanent Secretary, Office of Establishments and Management Services of the Presidency (now Office of the Head of the Civil Service of the Federation);(c) the Permanent Secretary, Federal Ministry of Employment,…
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National Salaries, Incomes and Wages Commission (NSIWC)
The National Salaries, Incomes and Wages Commission (NSIWC), established by Decree No. 99 of 1993—now recognized as Cap N72 in the Laws of the Federation—was created to oversee and address various aspects of compensation within Nigeria’s Federal Public Service. NSIWC’s core functions encompass handling remuneration-related matters, administering the National Minimum Wage, reviewing Federal Public Service…
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NATIONAL SALARIES, INCOMES AND WAGES COMMISSION ACT
ACT ESTABLISHING THE NATIONAL SALARIES, INCOMES AND WAGES COMMISSION CAP N72, LFN 1999 NATIONAL SALARIES, INCOMES AND WAGES COMMISSION ACT(Decree No. 99 of 1993) (23rd August, 1993) (Chapter N72 LFRN 1999 (As Amended)) PART IEstablishment and Membership of the National Salaries, Incomes and Wages Commission SECTION(1) Establishment of the National Salaries, Incomes and Wages Commission(2)…
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NSIWC
The NSIWC (National Salaries, Incomes & Wages Commission), established by Act 99 of 1993, plays a critical role in managing the salaries and wages system in Nigeria. The Commission’s establishment was based on recommendations from various ad-hoc panels and commissions dating back to the 1960s, which addressed salary and wage issues for Nigerian workers. However,…
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Some schools in Benue state remain closed
The situation in Benue, particularly in the Katsina-Ala Local Government Area, highlights severe challenges due to persistent insecurity. The prolonged closure of over 20 schools, 13 clinics, and 23 markets due to criminal activities has disrupted essential services, impacting education, healthcare, and economic stability. Local government chairman Justine Shaku aims to rebuild critical infrastructure, focusing…
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AVOID THIS TYPES OF RELATIONSHIP
AVOID THIS TYPE OF RELATIONSHIP.
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Central Bank of Nigeria (CBN) announces a 50 basis point hike in its Monetary Policy Rate (MPR), raising it to 27.25%
The Central Bank of Nigeria (CBN) recently announced a 50 basis point hike in its Monetary Policy Rate (MPR), raising it to 27.25%—an aggressive measure aimed at curbing persistent inflation, which has been a significant economic challenge. This decision, made by the Monetary Policy Committee (MPC), underscores the CBN’s commitment to controlling inflation by tightening…