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Labour Threatens Action If Rivers Emergency Rule Is Not Reversed
The Organised Labour has strongly condemned the declaration of a state of emergency in Rivers State, warning that it may be forced to take decisive action that could disrupt national economic activities if the proclamation is not reversed within a reasonable timeframe.
The threat was contained in a statement jointly signed by the Rivers State Chairperson of the Nigeria Labour Congress (NLC), Alex Agwanwor; State Chairperson of the Trade Union Congress (TUC), Ikechukwu Onyefuru; and Chairperson of the Joint Negotiation Council (JNC), Chuku Emecheta.
The labour unions raised concerns about the legality, economic impact, and consequences of the federal government’s actions.
The Organised Labour described the declaration of a state of emergency and the suspension of the elected governor, Siminalayi Fubara; deputy governor, Ngozi Odu; and House of Assembly members as premature and baseless.
READ ALSO: NLC, TUC Reject Rivers State Emergency, Call It Assault On Democracy
According to the union leaders, the people of Rivers State freely elected these officials, and any attempt to remove them outside constitutional processes undermines democracy.
They insisted that such actions must be reversed to protect the integrity of Nigeria’s democratic system.
They highlighted the immediate hardship the state of emergency has caused for local government workers, many of whom have yet to receive their salaries.
The statement noted that withholding workers’ wages has exposed them to avoidable economic suffering, particularly at a time when the cost of living is already high.
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READ ALSO: NLC Threatens Nationwide Protest Over Telecoms, Electricity Tariff Hikes
The Organised Labour warned that the state of emergency could have devastating economic consequences, emphasising Rivers State’s strategic importance to Nigeria’s economy and the Niger Delta region.
It said with the nation already grappling with inflation, naira devaluation, high exchange rates, rising unemployment, and skyrocketing living costs, further instability in Rivers State could worsen the situation nationwide.
The statement also pointed out that the political uncertainty caused by the state of emergency has driven away potential investors who had expressed interest in the state’s economic initiative.
This loss of investment, according to labour leaders, is damaging the state’s internally generated revenue (IGR) and will have long-term consequences for economic development and employment opportunities in the region.
READ ALSO: JUST IN: NLC Suspends Nationwide Protest Against Telecom Tariff Hike
While acknowledging the need for maintaining law and order, the Organized Labour stressed that such actions must be carried out within the framework of the Nigerian Constitution.
The unions argued that suspending elected officials and allegedly disrupting salary payments for workers violate fundamental rights and could worsen security and economic challenges.
They urged the Federal Government to prioritise the safety and welfare of citizens over political interests, warning that any governance approach that sacrifices workers’ well-being for political maneuvers would only heighten tensions and resistance.
The statement called on President Bola Tinubu, the National Assembly, and the judiciary to take immediate steps to reverse the state of emergency and reinstate the suspended elected officials.
READ ALSO: NLC Gives Govs Dec 1 Ultimatum For Minimum Wage Payment
In a bid to resolve the situation peacefully, the unions advised the federal government to engage in meaningful dialogue with relevant stakeholders.
They warned that a failure to do so could lead to further escalation of the crisis, worsening the already tense political atmosphere in the state.
While calling on workers to remain calm and continue their duties, the Organised Labour leaders warned that they would not hesitate to take strategic union actions if their demands were not met within a reasonable timeframe.
Such actions, they emphasised, could have significant consequences for national economic activities.
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.
Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.
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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.
The 24-year-old has two years left on his contract with the Serie A club.
The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.
He has been a regular feature for Lazio this season.
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
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