Connect with us
SSN
Advertisement
IZIKJON
Advertisement
forex
Advertisement
Stanbic IBTC
Advertisement
Binance
Advertisement
Esetech
Advertisement
Patricia
Advertisement
Fidelity ads
Advertisement
app

Business

ASUU: Non-Academic university unions threaten to continue strike

Non-Academic unions of tertiary institutions have threatened to continue their strike over the sharing formula of the N40billion EAA.

Published

on

Non-Academic unions of tertiary institutions are threatening to continue with their strike over the sharing formula of the N40billion Earned Academic Allowance (EAA) recently approved by the Federal Government.

This was disclosed in a report by The Nation on Thursday morning. The Unions are the Senior Staff Association of Nigeria Universities, (SSANU); Non-Academic Staff Union of Educational and Associated Institutions (NASU) and the National Association of Academic Technologists (NAAT).

READ: FG offers N65 billion to ASUU, N15 billion revitalization fund to end strike

The Unions expressed reservations that out of the N4billion Earned Academic Allowance (EAA), only 25% is allocated to them, with 75% allocated to ASUU.

Ibeji Nwokomma, National President of NAAT, said the allocation given to non-ASUU unions is “inadequate”, citing the 2009 agreements as basis for the Earned Allowances.

READ: Facebook fined $5 billion after a 16-month-long probe

  • “My union is rejecting the sharing formula of the Earned Allowances as it is being done by the government. Government has allocated 75 per cent to ASUU and 25 per cent to all other non-teaching unions in the universities. This is grossly inadequate. That is robbing Peter to pay Paul and using divide and rule in the university system. No union, not even ASUU, has the monopoly of opening or closing of schools through strike. Other unions also have that capacity to ensure that the system does not work.
  • “Secondly, my union, ASUU and other unions negotiated with the government; So, if payment of Earned Allowances will be based on unions, it should be on the basis of the 2009 Agreement, which is where the Earned Allowances is derived from. Lumping my union with other non-teaching staff is neither here nor there and totally unacceptable to us.
  • “My union is asking that our own Earned Allowances should be specified, whatever it is should be specified just like they did to ASUU. If nothing is done, we will close down the system until we are fairly treated.”

READ: UK and EU to finally strike Brexit trade deal after nine months

Comrade Mohammed Haruna Ibrahim, National President of SSANU said his union will not take the sharing formula, describing it as ‘lopsided’,

  • “We have stated before now that the least we can take is 50-50, they are not more in numbers. And even if they want to do something like that maybe this is my own personal opinion, I may not insist on 50-50 but at least something reasonable. We have so many numbers. If they give for example 60-40, do you think the noise will be there? Government does not want peace if it is giving 75 per cent to only one union and giving 25 per cent to three unions, does it make sense? Certainly, my members are more than willing to down tools if this becomes a reality.”

READ: Aviation Unions threaten to shut airspace on Monday, as NLC insists on strike

 What you should know 

  • Nairametrics reported that the FG said it processed for payment, the sum of N70 billion, comprising N40billion for Earned Academic Allowances/Earned Allowances and N30billion for revitalization of the universities.
  • The Academic Staff Union of Universities, ASUU, announced this week that it has reached an agreement with the Federal Government over major issues that will lead to the end of its strike.

READ: Minister of Labour says ASUU will call off its strike in January

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

CBN Governor says 2.9 million farmers financed through the Anchor Borrowers’ Programme

The CBN highlighted the great and untapped opportunity the Agriculture sector holds for the country.

Published

on

The Governor of the Central Bank of Nigeria Mr. Godwin Emefiele visited Kebbi State to mark a significant milestone achieved by the Anchors Borrowers Programme.

The Anchors Borrowers Programme is a Federal Government Initiative with the objective of bridging the gap between small scale farmers and the financial sector in the country.

The CBN Governor speaking on the fifth anniversary of the Anchor Borrowers’ Programme (ABP) highlighted the great and untapped opportunity the Agriculture sector holds for the country,

The programme which was the flag-off of the 2020 wet season harvest aggregation and 2020 dry season input distribution under the CBN-Rice Farmers’ Association of Nigeria (RIFAN) was hosted at Zauro, Kebbi State.

Emefiele stated that the Anchor Borrowers Programme is part of President Muhammadu Buhari’s initiative to spearhead the diversification of the Nigerian economy by improving the output of rural farmers.

Mr. Emefiele went further by highlighting the success of the initiative in since its inception. He listed the following;

  • 2,923,937 farmers have benefitted from the Programme.
  • 3,647,643 hectares have been cultivated by farmers under the Programme.
  • 21 commodity sectors benefited from the program.
  • In the 2020 wet season Banks under the CBN-RIFAN partnership financed 221,450 farmers for the cultivation of 221,450 hectares in 32 States.

On the overall success of the Anchor Programme, the CBN Governor stated that the popular rhetoric of agriculture being a neglected sector in the Nigerian economy is now a thing of the past. He stressed the need for Nigeria to start building up its agricultural reserves so as to be in a strong position when the rainy days arrive.

“The rhetoric around neglect of previous years will remain part of our history and the best time to correct those mistakes is now and every stakeholder must contribute their quota to guarantee the realization of these national targets.

“Covid-19 and the associated lockdowns globally have shown that nations only export out of their reserves. Let us start building our own reserves now,” Emefiele said.

On the successful partnership between the CBN, the Kebbi State Government and RIFAN, Mr. Emefiele expressed satisfaction with President Buhari’s Economic Sustainability Plan

The Kebbi State Governor Sen. Abubakar Atiku Bagudu and the president of the Rice Farmers Association of Nigeria (RIFAN), Alhaji Aminu Goronyo expressed gratitude to the Muhammadu Buhari administration for the successful Agricultural Programme.

 What to know 

  • The President Buhari administration approved the revamping and resuscitation of the Nigerian Commodity Exchange to enhance post-harvest handling, guarantee effective pricing for farmers, and minimize the adverse effect of middlemen.
  • The Central Bank of Nigeria flagged-off the 2020 input distribution to rice farmers and loan recovery drive under the RIFAN-CBN Anchor Borrowers’ Programme.
  • The CBN made a N50bn commitment to the Nigerian Commodity Exchange in order to get it running at its best and impact the lives of small and medium farmers in Nigeria.

Continue Reading

Business

OPay defies COVID-19, gross transaction value surges 4.5 times to over $2 billion

OPay’s total gross transaction value on its platform grew 4.5 times to over $2 billion in December.

Published

on

The Senior Executive team of OPay has disclosed that the leading mobile payment and financial service company grew its total gross transaction value on its platform 4.5 times to over $2 billion in December.

The managing Vice President for OPay in Nigeria, Joshua Yau, made this revelation at a press conference in Lagos, noting that amidst the global pandemic, lockdown which triggered global uncertainty, OPay had its most impactful and transformative year yet in 2020.

Highlights

  • The point-of-sale (POS) terminals deployed by OPay’s mobile money agent and merchant network represented roughly 1/5 of offline payments in Nigeria at year-end 2020.
  • The mobile wallets have more than 2 million wallets with balances, totalling over $17 million.
  • Opay network in recent time has over 300,000 agents and 5 million registered app users.

Iniabasi Akpan, the Country Manager of OPay who reviewed OPay’s operations and performance in 2020, provided insights on how the company was able to serve Nigerians by providing convenient access to cash.

Akpan in his statement at the press conference revealed that OPay had done impressively well in engaging Nigerians, creating jobs and means of livelihood for its agents and micro-merchants, through innovation.

He explained that the company through its keen focus to jumpstart digital wallet adoption in the country provided easy-to-access financial services for more than ten million Nigerians across all corners of the country.

According to him OPay’s agents also provided financial services for the unbanked population and those who are far from bank branches and ATMs, often in the outskirt of cities, or in rural areas.

What they are saying

  • Speaking on the key role OPay played in sustaining the sources of income of its agents and merchants through its partners, Akpan said:
  • “We believe that the impact we have made so far could not have been without our most important partners – our agents and merchants. By providing their customers with convenience, they were able to earn a solid income with many expanding their businesses, even in the difficult pandemic.”
  • Akpan however made time out to correct the misconception of some Nigerians that OPay is a ride-hailing company, following sentiments on the shutdown of its ride-hailing segment in June 2020, he said:
  • “Due to the visible brand of ORide – including its iconic green helmets – and its frequent everyday use, many customers gradually gained an impression that OPay is a ride-hailing company. We just want to take the time today to clarify and emphasise that OPay was and remains a payment and financial service company – a Payments Fintech. Our businesses are licensed and regulated by Central Bank of Nigeria – like any established financial institutions – and OPay is today one of the leading Fintechs in Nigeria.”

Continue Reading
Advertisement




Advertisement

Nairametrics | Company Earnings