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UPDATED: Obaseki Raises Minimum Wage To N70,000

Published

2 years ago

April 29, 2024

Editor

The Edo State Governor, Godwin Obaseki, has increased the minimum wage for workers in the state from N40,000 to N70,000.

Obaseki announced the inauguration of the newly built ultra-modern Labour House secretariat complex for labour unions in the state, along Temboga Road, Ikpoba-Hill, Benin City.

The building located at Temboga, Ikpoba Hill in Benin City is named after a former Governor of the State and former NLC President, Comrade Adams Oshiomhole.

The governor said, “As a result of the cordial relationship between the Edo State Government and labour unions in the state, we have enjoyed peace and industrial harmony in Edo State. Despite our efforts to make life better for Edo State workers, there are forces beyond our control, as we don’t control the national economy and our workers are still languishing in pain and penury.

“I give you insurance, improved conditions of service, pay you and promote you on time but the truth is that because of the economic situation in Nigeria today, our workers continue to be challenged; by devaluation, high food prices and inflation have made nonsense of the N40, 000 we are paying you.

“As a government, we feel your pains and know your take-home pay can barely take you home. We will continue to try. I am one of those governors who believe that we can’t run away from the fact that we must adjust the minimum wage in Nigeria. It would have been nice for there to be a central cohesive and common approach. We would have expected that by now there should have been a direction as to what minimum wage will be for workers in Nigeria.”

He added, “We don’t know when that will happen. If it happens, fine and if not, as a State we would need to do what we need to do. For us in Edo State, we have decided to move the minimum wage from N40,000 to N70,000 effective from 1st of May 2024. I think like a capitalist and not a comrade. In my May Day speech, I will give more details on our new minimum wage. If the Federal Government imposes something higher, we would make the necessary adjustments.”

Commending the labour unions for their sustained partnership with the State Government leading to the industrial harmony enjoyed in the State, “You have joined us to pursue very deep institutional reforms in the State as our achievements have been made possible because of the cordial relationship we enjoy.

He added, “Labour-Government relationship should not be only at policy contestation level but should be an alignment towards a common goal for workers and that is what we have found in Edo. Government and labour have found a common ground to improve the lives of the workers in Edo State.

“This building was conceived by my predecessor in office and my contribution is to make it happen. We have continued to invest in our workers in Edo State and our achievement in Edo State is to contribute to the welfare and well-being of Edo State workers. We not only developed the work environment but emphasized building the capacity of Edo State workers. We continue to emphasize training and restraining as an integral part of our workforce as we believe that there is a connection between high performance and training.”

In his speech, the Edo State Head of Service, Dr Anthony Okungbowa, commended the governor’s commitment to the welfare of Edo workers, noting some of his achievements including fully digitalising the State civil service, prompt payment of salaries, the highest minimum wage in Nigeria, payment of 13th-month salary, life insurance for Edo workers, health insurance for workers, automatic employment for first-class citizens of Edo State, regular promotion for Edo workers, among others.

On his part, the President of the Trade Union Congress, Comrade Engr. Festus Osifo said the building is the best labour edifice, adding that “the achievements of the governor are not contestable.”

He added, “I thank you for digitizing the labour workforce in Edo State. I am impressed by your developmental achievements which have helped to reduce the plight of workers in Edo State.”

In his welcome address, the Chairman of NLC Edo State, Comrade Odion Olaye thanked the governor for his magnanimity, friendliness and concern towards Edo workers, adding, “I thank the governor for this edifice for the organised labour as workers in Edo State have long been waiting for a day like this as the house has been desired for over 25 years. This building is second to none in Nigeria.”

In 2023, the Obaseki administration reviewed the N40,000 minimum wage for the state workers to increase it, noting that the move was part of measures to cushion the impact of the petrol subsidy removal policy by the Federal Government.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

22 minutes ago

May 6, 2026

Editor

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.

“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

Published

3 hours ago

May 6, 2026

Editor

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.

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).

“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.

News

Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

Published

20 hours ago

May 5, 2026

Editor

Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.

Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.

He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.

“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.

“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.

“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.

DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.