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NLC President Ajaero: It Is Wrong to Negotiate Minimum Wage Without Minimum Pension

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The President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, has called for the simultaneous negotiation of minimum wage and minimum pension, saying it is wrong for government and organised labour to focus on workers’ wages without addressing the welfare of retirees.

Ajaero made the call while speaking at the National Pre-Retirement Summit, held at Shehu Musa Yaradua centre in Abuja where he raised concerns over the declining purchasing power of retirement savings and pensions as a result of inflation and other economic challenges.

According to the NLC President, the experience of retirees over the years has demonstrated the need for workers and policymakers to consider what happens to employees after they leave active service.

Ajaero said the depreciation of the value of money means that savings made during a worker’s active years could lose significant purchasing power by the time the worker retires.

He explained that a worker who saves ₦1 million at a particular period could find that the real value of the savings has substantially declined over time because of inflation and the rising cost of living.

“It is wrong for us to start negotiating minimum wage without negotiating minimum pension,” Ajaero said, stressing that retirement benefits must be treated as an important component of workers’ welfare.

The NLC President said the objective of the summit was to examine ways of protecting workers from falling into poverty after retirement, particularly by ensuring that pension contributions and retirement savings are effectively managed.

Ajaero said pension fund administrators and other stakeholders in the pension industry must ensure that workers’ contributions are preserved and managed in a manner that protects their value against economic depreciation.

He said the challenge facing retirees goes beyond the amount accumulated in their pension accounts, arguing that the real value of such funds must also be considered in the face of inflation and increasing living costs.

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According to him, the purpose of the discussion should be to develop mechanisms that would enable workers to enjoy a reasonable standard of living after retirement instead of becoming financially vulnerable when they leave active service.

Ajaero also questioned the adequacy of the existing provision allowing retirees to make a 25 per cent withdrawal from their retirement savings, saying such an amount may not provide sufficient financial support for retirees facing the realities of life after employment.

The NLC President called for consideration of mechanisms that would allow retirement contributions to serve as collateral for accessing funds, particularly for retirees who want to establish or manage businesses.

He argued that allowing workers to leverage their retirement savings as collateral could provide them with access to capital while preserving the broader objective of retirement security.

Ajaero said retirees who have acquired skills and experience during their years of service should be supported to use those skills to remain economically active after retirement rather than being left without adequate means of livelihood.

The labour leader also linked the removal of fuel subsidy to the declining purchasing power of pensioners, saying rising transportation and living costs can make existing pension payments inadequate.

Ajaero explained that a pensioner receiving ₦30,000, for instance, could face serious difficulties meeting basic transportation and other expenses when the cost of fuel and other essential commodities rises.

According to him, pension policy must therefore take inflation into account so that pension benefits do not lose their purchasing power as the cost of living increases.

He called for pension investments and benefits to be reviewed in line with prevailing inflationary trends, arguing that the value of retirement income should be protected against sustained increases in prices.

Ajaero further urged the National Pension Commission (PenCom), pension fund administrators and other policymakers to establish stronger channels of communication with workers and contributors.

He said workers who make regular contributions to pension schemes should have opportunities to interact directly with regulators and policymakers so that their experiences and concerns can influence decisions affecting the pension system.

The NLC President said such interaction would enable policymakers to better understand the challenges faced by contributors and retirees, particularly those struggling with the effects of inflation and the rising cost of living.

Ajaero said the labour movement would continue to advocate policies that protect workers not only during their active years but also after retirement, stressing that retirement security should remain an integral part of labour negotiations.

He said the discussions at the National Pre-Retirement Summit were therefore aimed at finding practical solutions to the challenges confronting workers and retirees and preventing poverty in old age.

The NLC President maintained that a comprehensive approach to workers’ welfare must cover both minimum wage during active employment and adequate pension after retirement, saying the two issues should not be treated separately.

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President Tinubu Departs Jeddah for Abuja After Completing Umrah

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By Yusuf Danjuma Yunusa

President Bola Ahmed Tinubu, on Wednesday, departed from King Abdulaziz International Airport in Jeddah, Saudi Arabia, for Abuja, following the successful completion of his Umrah pilgrimage in the holy city of Makkah.

Accompanying Mr Tinubu to the airport were the Deputy Governor of the Makkah Region, Saud bin Mishaal bin Abdulaziz Al Saud; Nigeria’s Ambassador to Saudi Arabia, Yakubu Gambo and the Consul-General, Muazam Ibrahim Nayaya.

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Before Mr Tinubu’s departure, he had a brief meeting with Mr Mishaal bin Abdulaziz Al Saud at the Royal Guest Palace at the airport.

While in Saudi Arabia, Mr Tinubu, alongside members of the Nigerian delegation, performed the Umrah rites, including circumambulating the Holy Ka’aba. On Sunday, Mr Tinubu was granted the rare privilege of entering the sacred structure, where he and members of his delegation performed two raka’at prayers.

Mr Tinubu expressed his gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman for the special courtesies and hospitality extended to him and the Nigerian delegation, particularly the privilege of accessing the Holy Ka’aba to offer prayers.

Members of Bola Ahmed Tinubu, on Wednesday, departed from King Abdulaziz International Airport in Jeddah, Saudi Arabia, for Abuja, following the successful entourage included the National Security Adviser, Nuhu Ribadu, and the governors of Sokoto, Jigawa, Kaduna, Borno and Yobe states, among others.

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2027: Atiku Kicks off Campaign in Sokoto

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) kicked off its presidential campaign rally for the 2027 presidential election in Sokoto State on Wednesday with crowd welcoming the party’s presidential candidate, Atiku Abubakar.

The party said thousands of supporters lined the route from Sultan Muhammad III International Airport to its state secretariat, where Atiku’s campaign rally was held.

In a statement issued on Wednesday, Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, said the former vice president’s motorcade took about three and a half hours to reach the rally venue due to the large turnout.

He said residents, including youths, women and elderly people, abandoned their businesses and other daily activities to join the procession and welcome the ADC candidate.

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The campaign council described the turnout as spontaneous, dismissing suggestions that the crowd was mobilised through financial inducements.

It said the reception demonstrated growing support for Atiku’s promise to address the economic difficulties facing Nigerians, particularly the rising costs of food, transportation, fuel and other essential commodities.Nigeria travel guide

The ADC also accused the Sokoto State Government of frustrating its campaign activities by denying the party access to public facilities requested for the rally.

According to the campaign council, the alleged restrictions did not discourage supporters but rather heightened public resentment and strengthened the party’s mobilisation.

“The federal government and its APC allies should understand that denying people a venue cannot suppress their political choices. In Sokoto, those efforts backfired: the people came out in even greater numbers and made their voices heard,” the statement said.

At the rally, Atiku reiterated his commitment to addressing the cost-of-living crisis and restoring economic stability for households and businesses, according to the campaign council.

The former vice president proposed a targeted, production-based subsidy for qualifying petroleum products refined locally as part of his economic agenda.

The council said the proposed policy would link government support to domestic production, reduce fuel costs and ease the impact of high transportation and energy expenses on food prices and household budgets.

It said the proposal was designed to encourage local production while providing relief to Nigerians struggling with the removal of petroleum subsidy.Nigeria travel guide

The campaign council maintained that the ADC’s economic agenda was centred on making essential goods and services affordable, supporting local industries and addressing the hardship experienced by ordinary Nigerians.

“When you have a message that connects with the people, you do not need to rent a crowd. The people show up on their own,” Mr Shaibu said.

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Abdul El-Sayed Becomes First Muslim Senator in U.S.

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By Yusuf Danjuma Yunusa

Abdul El-Sayed, a Democrat, has become the first Muslim senator in the U.S. after securing 2.2 million votes in Michigan, about 52 per cent, to defeat Republican candidate Mike Rogers and Libertarian Lydia Christensen.

Mr El-Sayed, 42, an immigrant born to Egyptian parents, fought a hard-won victory given his candidacy was highly scrutinised over his ties to Islam and open rebuke of Israel.

Results showed Mr El-Sayed led with 52 per cent, the GOP candidate scored 46.1 per cent, and Ms Christensen got one per cent of total votes cast.

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Mr El-Sayed’s candidacy struggled after Haley Stevens, a Democratic candidate he defeated in the primary, withdrew her support two days before the midterm polls.

Mrs Stevens endorsed the Republican candidate, saying she could no longer support Mr El-Sayed over what she described as anti-semitism. She asked Mr El-Sayed to condemn an advertisement promoting his candidacy, which blamed U.S. support for Israel for rising cost of goods and the war in Iran.

Mr El-Sayed declined and publicly uninvited her from a joint appearance they were scheduled to have in Detroit. Ms Stevens withdrew her support two nights before the election.

The move stunned Democrats who viewed her actions as a betrayal to the party. But her clout appeared limited with Mr El-Sayed’s victory at the polls.

Former President Barack Obama campaigned for Mr El-Sayed in Michigan, a presidential battleground where President Donald Trump won by 1.4 points to defeat Kamala Harris in November 2024.

Senator Gary Peters, the incumbent Michigan senator, will retire after his term expires in January, when Mr El-Sayed is scheduled to be sworn in.

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