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Hardship: Labour pushes N154,000 minimum wage

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The National Public Service Negotiating Council of the Organised Labour has formally demanded a N154,000 minimum wage, a 120 per cent upward review of salaries and allowances for public workers in Nigeria.

The new demand, according to the union, is to mitigate what it described as the “life of servitude” currently being experienced in the country.

The demand was contained in a letter addressed to the Office of the Head of the Civil Service of the Federation, dated March 12, 2026, with reference number JNPSNC/Gen/Cor/Vol 1/163.

The demand was titled “Urgent need for the upward review of salaries and allowances of workers in the Nigerian public service and commendation for the approval of gratuity payment to retiring workers.”

The letter was jointly signed by the National Chairman of JNPSNC, Benjamin Anthony, and the National Secretary, Olowoyo Gbenga.

The JNPSNC premised its demand on the outcome of an exhaustive meeting of the council held on Monday, March 9, 2026, at the AUPCTRE National Secretariat, Wuse Zone 4, Abuja, Federal Capital Territory.

The letter read, “The National leadership of Joint National Public Service Negotiating Council writes to respectfully but firmly call the attention of your esteemed office to the urgent necessity for an upward review of salaries and allowances of all serving Public Servants in the Nigerian Public Service.

“Despite their immense contributions, public service workers continue to face severe economic hardship due to the rising cost of living and the declining purchasing power of their earnings.”

The council noted that over the years, Nigeria has experienced unprecedented economic pressures characterised by high inflation, increased fuel prices, rising transportation costs, and escalating prices of food items, housing, healthcare, and education.

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“The above realities have significantly eroded the real value of workers’ salaries and have made it increasingly difficult for many public servants to maintain a decent standard of living.

“It is important to note that the last major adjustments in workers’ remuneration have not sufficiently kept pace with the current economic realities.

“Many workers are now struggling to meet basic financial obligations, which has inevitably affected the morale, motivation, and overall productivity within the Public Service.”

The council stated that the national leadership of the Joint National Public Service Negotiating Council, therefore, strongly advocates an immediate and comprehensive review of the existing salary structure and allowances to reflect current economic conditions and ensure fairness, equity, and sustainability in workers’ remuneration.

“An upward review of workers’ salaries and allowances is a desideratum,” it stated.

It further noted that workers in the Nigerian Public Service had continued to demonstrate remarkable patience, professionalism, and commitment to their duties despite the prevailing economic difficulties.

However, it stressed that concrete steps must now be taken to safeguard their welfare and dignity.

In light of the foregoing, the council called on the office of the Head of the Civil Service of the Federation to urgently initiate the necessary processes for the upward review of salaries and allowances of public servants in Nigeria.

The council asked the Office of the Head of Service to initiate immediate negotiations and direct the National Salaries, Income and Wages Commission and relevant committees to begin immediate discussions with the Joint National Public Service Negotiating Council to negotiate for an upward review of salaries and allowances.

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“Consequently, new salary templates should be developed such that the minimum salary payable to an officer on Grade Level 01 Step 1 shall be N154,000 per month for Federal Public Servants (120% increase in Salaries and allowances).

“Harmonise Wages: ensure that the upward review is applied across all Ministries, Departments, and Agencies (MDAs), and strongly encourage implementation at sub-national levels to ensure equity;

“Implement Cost-of-Living Adjustments: Introduce automatic, periodic salary and allowance adjustments that align with inflation rates to prevent the recurring lag between wage review cycles; and prioritise welfare components: in addition to basic salary, implement non-monetary incentives such as subsidised transportation and affordable housing for civil servants,” the letter noted.

The council emphasised that a timely upward review of public servants’ salaries and allowances is not merely an economic imperative but a social necessity to ensure the sustenance of the workforce, maintain industrial harmony, and improve the efficiency of public service delivery.

It also reiterated its commitment to constructive dialogue with the government.

“We remain committed to constructive dialogue, resourceful engagement and collaboration with the government toward achieving a fair, sustainable, and mutually beneficial outcome for all stakeholders.

“We trust that this request will receive the prompt attention and action it deserves in the interest of workers, the Public Service as an institution and the nation at large; so as to nip in the bud possible escalation that may nosedive into spontaneous social unrest,” it added.

The national leadership of the council commended President Bola Tinubu for approving 100 per cent gratuity payment to retiring federal public servants.

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The commendation was conveyed through the Head of the Civil Service of the Federation, Didi Esther Walson-Jack.

According to the council, the approval represented a major step towards improving the welfare of retiring public servants.

“From the perspective of the national leadership of the Joint National Public Service Negotiating Council, the approval is not only a positive development but also a bold step towards ensuring that retiring public servants escape the life of servitude and serfdom often being experienced when out of public service which is always characterised by impoverish life after service,” it said.

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Read how Nigerians tap savings, loans to buy Dangote refinery shares

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Some Nigerians seeking to invest in the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering have turned to personal savings, loans and proceeds from the sale of assets to raise funds to buy shares, Saturday PUNCH has learnt.

Findings by our correspondents revealed strong interest in the shares among prospective retail investors, some of whom said they expected the investment to yield substantial returns in the future.

While some respondents said they were dipping into savings or raising funds through other means, others said the prevailing economic hardship had made it difficult for them to participate in the offer.

The refinery opened its IPO on Monday, September 14, giving Nigerians an opportunity to own equity in the company.

The offer comprises 4.1 billion ordinary shares priced at N525 each, with the company targeting about N2.15tn to part-fund an expansion that would nearly double the refinery’s capacity to 1.4 million barrels per day.

The minimum subscription is 10 shares, costing N5,250.

Dangote Group Chief Executive Officer, Aliko Dangote, said the low entry threshold was deliberately set to allow ordinary workers, including drivers, cooks and domestic staff, to become shareholders, describing the offer as “the IPO for the people.”

The offer is expected to close on October 13.

Investors turn to savings, loans

A staff member of the Federal Ministry of Works, David Adelabu, described the shares as expensive for struggling civil servants but said he considered the offer an opportunity to become a shareholder in the refinery.

He said, “I have small shares in some companies, including Glo and MTN, but Dangote’s shares will be the highest I will be buying. It is on the high side, but I feel this is an opportunity to become a shareholder in Dangote.

“I understand that the dividends are not going to be immediate, but I don’t mind even if it will entail selling a plot of land I have in Metumbi here in Minna. I will gladly do so.”

A trader in Dutse, Jigawa State, Adamu Bala, said he planned to use savings from his business to buy the shares.

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“I will not sell my house. I will use a small profit from my shop to buy,” he said.

Similarly, a civil servant, Fatima Mannir, said women in her group had started raising money through contributions, known as adashe, to participate in the offer.

“We have started raising money through adashe,” she said.

A trader in Damaturu, Yobe State, Malam Musa Ibrahim, said he invested part of his business savings after learning about the offer.

“I am using part of the money I have saved from my business.

“I believe that if I can invest a small amount now, it may become useful to me in the future. But I am also being careful because business is not easy at the moment,” he said.

Another resident, Aisha Mohammed, said she raised money by cutting down on some household expenses.

“I did not borrow money to buy the shares. I have been saving little by little, and when I heard about the offer, I decided to use part of what I had saved,” she said.

A businessman, Abdullahi Yusuf, however, said he obtained financial assistance from a friend to increase his subscription.

“I wanted to buy more shares than what my savings could afford, so I discussed it with a friend who agreed to lend me some money.

“I know that borrowing money to invest carries risks, but I am hoping that the investment will perform well. I will repay the money from my business income,” he said.

A petty trader, Hauwa Lawan, said she sold some personal belongings she no longer used and added the proceeds to her savings to finance her purchase.

“I sold some things that I was no longer using and added the money to my savings,” she said.

A farmer, Mallam Abdullahi Adamu, said he sold farm produce to raise about N500,000 to invest in the shares.

In Kano State, an investor, Abdulmalik Ibrahim, said he bought 10 shares for N5,250 using personal funds.

Hardship keeps some investors away

While some Nigerians are finding ways to participate in the IPO, others said economic pressures had put the investment beyond their reach.

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A civil servant in Kogi State, Saliu Joseph, said he would have loved to invest but had just paid his children’s school fees.

“Right now, I don’t think I can afford to participate unless a miracle happens,” he said.

A retired permanent secretary in the state, Bola Boro, also said he would not participate because he could not afford the investment at the moment.

“As a retired civil servant, I cannot afford such an amount to invest in the offer. Even though I am a fan of investment through the stock market, which I have been doing for years, I don’t think it will be convenient for me to participate considering the time frame of just one month,” he said.

A civil servant, Kuta Abdulahi, said the financial demands of his children’s education had left him unable to participate in the share offer.

“I must tell you the truth, I know about the Dangote Refinery shares, but I cannot even think of it at this time. My children are just resuming a new term in school. Where will I get the money for their school fees before thinking of buying shares? Please, I have a lot on my head,” he said.

Similarly, a vulcaniser, Ahmed Alkali, said his income was barely enough to meet his family’s basic needs, making investment in shares difficult.

“With the kind of job I do, I am working from hand to mouth. So, how can I buy shares when I have not eaten?” he asked.

Experts warn against borrowing

Investment experts, however, cautioned Nigerians against taking loans, selling properties or committing all their savings to the IPO, warning that equity investments carry risks.

Speaking with Saturday PUNCH, the Group Managing Director of Lancelot Group, Adebayo Adeleke, urged prospective investors to understand the risks associated with the capital market before committing their funds to the IPO.

Adeleke, who is also a former Secretary of the Independent Shareholders Association of Nigeria, said capital market investments should be made with funds that investors could afford to leave untouched for the long term, noting that equities were unsuitable for people struggling to meet immediate financial needs.

He said, “When you buy shares, you are buying a portion of the ownership of the business. Investment takes a lot of time to pass through gestation, to stability, to profitability. And you cannot, with any degree of certainty, predict when the company is going to turn the corner and begin to produce profits.

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“So, investment money is not the money you are likely to need in the next two months, three months, six months, even one year. If you cannot part with your money for a minimum of three to five years, the capital market is not the place to invest.”

Adeleke, however, described the IPO as a strategic investment, citing the refinery’s scale and demand for its products.

Also speaking, the Head of Financial Institutions Ratings at Agusto & Co., Ayokunle Olubunmi, urged Nigerians to consider the risks associated with the investment and avoid committing all their savings to the offer.

He said, “There are plenty of risks to this business. It’s not risk-free. Things can get worse for the business. Valuation is based on expectations of what will happen in the future. Things might not go as planned. And, like we all know, equity is a risky business.”

Olubunmi particularly cautioned prospective investors against selling property or using up all their savings to invest in the offer.

He advised them to invest only a portion of their funds and diversify their portfolios.

The expert also advised those considering taking loans to buy the shares to have a separate and reliable repayment plan rather than depending on returns from the investment.

The Emir of Kano, Muhammadu Sanusi II, had earlier warned prospective investors against using their children’s school fees or selling their homes to invest in the shares.

Sanusi, who gave the warning on Thursday while speaking at the company’s roadshow in Kano, urged prospective investors to invest only money they could afford to set aside for some time, suggesting amounts such as N10,000, N20,000 or N30,000.

Source: punchng.com

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ARE NIGERIANS BUILDING CHINA’S ECONOMY WHILE NEGLECTING THEIR OWN?

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While other nations are busy producing, manufacturing and exporting, Nigeria must ask itself a difficult question: Are we building our own economy, or simply creating a bigger market for other countries?

Nigeria has a huge population, abundant natural resources and a massive consumer market. Yet the country continues to depend heavily on imported finished products—from electronics and clothing to machinery, household goods and other consumer items.

The issue is not simply about Chinese businesses or businesses from any other foreign country operating in Nigeria. Foreign investment can bring capital, technology, jobs and expertise.

The bigger issue is whether **Nigerian businesses are being given the opportunity and support to manufacture competitively at home.

Instead of remaining primarily a consumer of finished products, Nigeria needs to strengthen its manufacturing sector and move further up the value chain.

Nigeria needs to produce, not just consume.

A stronger manufacturing economy could help Nigeria:

* Create more jobs for Nigerians
* Add value to locally available raw materials
* Develop industrial skills and technology
* Reduce excessive dependence on imported finished goods
* Build competitive Nigerian companies
* Increase the country’s ability to export

The goal should not be to drive legitimate foreign businesses out of Nigeria. The goal should be to build an economy where **Nigerian manufacturers can compete, grow and eventually take Nigerian-made products to markets around the world.

The question Nigerians should be asking is simple:

**Why should Nigeria remain one of the world’s biggest markets for finished products when we have the potential to manufacture many of them ourselves?

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🇳🇬 **Nigeria must move from being predominantly a consumer nation to becoming a stronger producer, manufacturer and exporter.

What do you think?

Which products should Nigeria prioritize for local manufacturing instead of relying heavily on imports?

Share your thoughts in the comments.

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ICRC defends toll pricing on highways

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The Infrastructure Concession Regulatory Commission has defended the toll pricing structure under the Highway Development and Management Initiative, saying charges are evaluated against the quality and benefits of the upgraded roads.

In a statement made available to PUNCH Online on Thursday, the Director-General, Dr. Jobson Ewalefoh, cited the 227-kilometre Akwanga–Makurdi road corridor as an example.

He said the route has four toll gates, and motorists pay as they travel along it.

He argued that toll payments should be viewed against the previous costs imposed by the poor condition of the road, including lost man-hours, vehicle damage and accident risks.

Feedback from road users, he said, shows many motorists are willing to pay tolls where they see clear improvements in road quality.

Some drivers have expressed support for similar arrangements on other major corridors if the roads are upgraded to the same standard.

“That, to me, is the beauty of a well-structured PPP,” Ewalefoh said.

He explained that negotiators carefully consider toll pricing to keep charges fair. A portion of the revenue is set aside specifically for road maintenance. Under the concession agreements, the government does not bear additional maintenance costs for the duration of the contract.

The government must repair potholes within 48 hours, and it funds major routine repairs from the dedicated toll revenue.

Source: punchng.com

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