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Makinde Increases Gratuity Payment Of Retirees From N1.5b To N3b

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Oyo State Governor, Engr. Seyi Makinde, has approved a 100 per cent increase in gratuity payments for retirees in the state.

The Secretary of the Nigeria Labour Congress (NLC), Aribatise Adebayo, confirmed the development in a statement made available to journalists in Ibadan on Friday.

Adebayo noted that gratuity payments have increased significantly from ₦1.5 billion to ₦3 billion.

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He said the development further confirms the governor’s worker-friendly disposition towards labour unions in the state.

Adebayo added that the governor has not reneged on his promise to continue paying the 13th-month salary at the end of every calendar year.

READ ALSO:JUST IN: Wike, Govs Makinde, Bala Mohammed Clash At PDP Secretariat

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The statement read, “The leadership of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and Joint Negotiating Council (JNC) in Oyo State sincerely appreciates the Governor of Oyo State, His Excellency, Engr. Seyi Makinde, for his commendable and worker-friendly gestures.

“We particularly commend the Governor for increasing the proposed gratuity payment from ₦1.5 billion to ₦3 billion, a decision that demonstrates his deep commitment to the welfare of retirees.

“We also applaud the consistent payment of the 13th-month salary, which has now been paid for the seventh time, as well as the prompt release of subventions.

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“These actions further reaffirm the governor’s dedication to the well-being of workers and retirees in Oyo State and his unwavering support for industrial harmony.”

READ ALSO:Okpebholo Slams ₦25bn Libel Suit On Edo PDP Chairman

Makinde has felicitated Christians in the state and across the country on the occasion of this year’s Christmas, urging them to continue to live in love and harmony with one another and with their neighbours.

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The governor made the call in a Christmas message released on Thursday and made available to journalists by his Special Adviser on Media, Dr Sulaimon Olanrewaju.

According to Makinde, Christmas is a season of love, with the birth of Christ as the essence of the celebration, stressing that Christians must reflect this message by showing love to others and living in peace in line with the teachings of Jesus Christ.

He also counselled residents of the state to remain vigilant during the Yuletide, noting that security is a shared responsibility between the government and the people.

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READ ALSO:Makinde, Wife Installed As Aare Omoluabi, Yeye Aare Omoluabi Of Akure Kingdom

The governor urged citizens to report suspicious movements and activities to security agencies through the Oyo State Citizen Emergency Number, 615, reiterating that the principle of “if you see something, say something” remains in force.

He said: “This is to wish our Christian brethren and, indeed, all residents of Oyo State and Nigeria a Merry Christmas.

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“Christmas, as we all know, symbolises love as exemplified by the miraculous but humble birth of the Lord Jesus Christ. Thus, we must live the message and the essence of the festival.

“Let me also use the opportunity to charge residents of the state to be vigilant and observant as they go about merrying. As a government, we have been up to the task in terms of securing the state, but there is still a role for residents to play. This is why we always say that if you see something, say something, and your government will do something.

“The Oyo State Citizen Emergency Number 615 is active. Please call to report any emergency or suspicion of criminality, and our rapid response system will be activated to bring the situation under check.

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“Once again, Merry Christmas!”

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Six Corps Members Receive N10m Grants To Boost Agribusiness

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Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.

The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.

Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.

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Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.

READ ALSO: NYSC Swears In 1,600 Corps Members In Bauchi

He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.

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“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.

The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.

Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.

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READ ALSO: NCCSALW Deploys NYSC Members In Fight Against Illegal Arms In Northeast

She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.

According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.

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Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.

She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.

The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.

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“We are happy with our collaboration with the NYSC, and it will continue,” he said.

READ ALSO: NYSC Lauds Gov. Mohammed’s Intervention In Fence Collapse

Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.

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He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.

He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.

According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.

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CBN Reduces Interest Rate To 23%

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The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.

Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.

According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.

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READ ALSO: CBN Monetary Tightening Worsening Nigeria’s N50tn Development Finance Gap – Group

Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.

According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.

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“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”

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NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego

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Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.

The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.

The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.

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According to the post, the two union leaders have resolved their differences after years of strained relations.

READ ALSO: Why FG Named KWAM 1 Aviation Security Ambassador — Keyamo

After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.

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The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.

“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.

The post also described the meeting as a significant step beyond previous public displays of reconciliation.

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READ ALSO: FG Gives KWAM 1 Aviation Appointment, After Airport Incident

This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”

Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.

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“Both parties are delighted about the new development,” the post said.

The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.

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