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Iyabo Masha becomes first African director of G-24

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The Intergovernmental Group of 24 on International Monetary Affairs and Development (G24) has appointed Iyabo Masha, a former member of the Nigerian Presidential Economic Advisory Council (PEAC), as its new director.

The organisation, in a statement issued in Washington DC on Sunday, said the Nigerian was appointed on February 24, 2023.

The G-24 was established in 1971 as a representative grouping of developing countries across Africa, Asia, Latin America, and the Caribbean.

It said Masha is the first African to occupy the position since its establishment, and would succeed the outgoing director, Marilou Uy.

According the body, the Nigerian economy expert also brings a wide range of policy, operational, and research experience at global and national levels to the position.

“Masha was a member of Nigeria’s Presidential Economic Advisory Council from 2019-2022 which directly advises the president on economic policy,” the statement reads.

“In that role, she provided leadership to the council’s work on global economic spillovers, and macroeconomic and sustainable development policies.

“Prior to that, she worked on a range of countries at the International Monetary Fund, Washington DC, negotiating IMF lending programmes and developing non-programme policies for emerging market and low-income economies in Africa and Asia.

“She also served as IMF resident representative for Sierra Leone.

“Masha joined the IMF from the Central Bank of Nigeria (CBN) in 2003, where she led the research department’s annual monetary programme.

“Masha has authored and contributed to several publications, and she speaks regularly to diverse audiences on topical issues.”

Meanwhile, the G24 coordinates the position of developing countries on monetary and development issues, particularly issues on the agendas of the international monetary and financial committee and the development committee.

It also represents the views of the group in relevant international fora.

Ministers of finance and their deputies represent member countries on the board of governors, and the permanent secretariat is in Washington DC.

The executive arm of the board of governors for 2022 to 2023 is chaired by Adama Coulibaly, minister of finance, Côte d’Ivoire.

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Governor Abdulrazaq approves bonus for Kwara workers to ease economic burden

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Kwara State Governor Abdulrahman Abdulrazaq has approved a financial bonus that is equivalent to the monthly PAYE obligation for every civil servant in the state, including local government workers.

The emergency support measure will last for at least three months, according to a statement by the Commissioner for Finance Dr. Hauwa Nuru.

“This bonus has been approved as a buffer to bridge the gap that the correct PAYE deduction may have wrought on the newly implemented mininum wage. It is meant to serve as a soothing balm as workers adjust to the PAYE that was just correctly implemented in line with the Personal Income Tax Act,” she said.

“The payment of the bonus is effective from October and will run till December 2024. This is a significant step by His Excellency to support workers.”

The statement added that workers who have not registered with the Kwara State Residents’ Registration Agency (KWSRRA) should do so immediately because anyone without it will not get the bonus for November and December.

The statement said labour unions have also agreed to a refund of the special levy deducted from workers’ salary and suspension of deductions of same until further notice.

“Governor AbdulRazaq’s directive to deliver this relief speaks volumes about his humanity and his commitment to the welfare of Kwara workforce,” Dr. Nuru stated.

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Lagos state government to divert traffic on Mile 2 for 15 months over interchange construction

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The Lagos state government has announced the diversion of traffic in the Mile 2 area to allow for the construction of a transport interchange.

In a statement on Monday, Oluwaseun Osiyemi, the commissioner for transportation in Lagos, said the diversion will commence on November 11 and last for fifteen months.

The commissioner said the transport interchange terminal will integrate rail, bus, water and non–motorised transportation.

“The Lagos state government has announced that traffic will be diverted at Loop 1 on the Apapa bound lane and Loop 4 on the Badagry bound lane at Mile 2 for a duration of 15 months for the construction work of the Transport Interchange Terminal that will integrate Rail, Bus, Water and Non–Motorised Transportation,” the commissioner said.

“The commencement date for the construction is scheduled from Monday, 11th November, 2024, to Monday, 16th February 2026. Consequently, Motorists are hereby enjoined to use alternative routes as follows:

“Motorists heading to Oshodi from Apapa will have through traffic and vice versa.

“Motorists heading to Badagry from Apapa will continue their journey on the Apapa-Oshodi expressway and take a turn into Akinwande Road to link Coker and access the Lagos-Badagry Expressway to continue their journeys.

“Motorists heading to Lagos from Badagry will also have through traffic and vice versa.

“Motorists heading to Apapa will be diverted into Durban Road to link Amuwo Odofin Estate and connect Apapa-Oshodi Expressway to continue their journeys.”

Osiyemi assured motorists that officers of the Lagos State Traffic Management Authority (LASTMA) will oversee traffic flow.

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FG releases funds for NASU salaries, retirees’ benefits

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The Federal Government has released funds to settle outstanding salaries owed to members of the Non-Academic Staff Union of Federal Universities and pay benefits to retirees under the Nigerian Union of Pensioners Contributory Pension Scheme.

In a statement on Saturday by Bawa Mokwa, Director, Press and Public Relations, the Office of the Accountant-General of the Federation confirmed that payments to NASU members have commenced, with many already confirming receipt.

The statement read, “The Federal Government has released funds for payment of withheld salary of Non-Academic Staff Union of Federal Universities.

“According to the OAGF, the Federal Government has also released funds for payment of benefits to retirees under the Nigerian Union of Pensioners Contributory Pension Scheme Sector.

“The OAGF said payments to the Non-Academic Staff of Federal Universities had commenced and many have confirmed receipt.”

The OAGF reaffirmed the Federal Government’s commitment to the welfare of Nigerian workers and retirees.

On Monday, the Joint Action Committee of SSANU and NASU embarked on an indefinite strike over its four months of withheld salary.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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