Business
Pay rise: Civil servants laud FG on payment of 40% ‘peculiar allowance’
Some civil servants in the federal capital territory (FCT) have commended the federal government over the payment of the 40 percent “peculiar allowance”.
BODEX BLOG understands that the payment was included in the workers’ April salary.
Chris Ngige, minister of labour and employment, had said the federal government approved a pay rise for civil servants in the country.
He said the pay rise was included in the 2023 budget, and “would take effect from January 1, 2023”.
The minister described the salary increase as a “peculiar allowance” for civil servants in view of the current economic realities.
Ngige said the move was meant to cushion the effects of the rising inflation and cost of living, hikes in transportation fare, housing, and electricity tariffs, on government workers.
Speaking with NAN on Sunday, some civil servants confirmed receiving the payment, and lauded the federal government for the gesture.
They also described the payment as “timely”.
An excited Agnes Iguben, a civil servant, said she was surprised to see an increase when she received her salary for April.
She said the money would go a long way in meeting her family’s needs throughout the month.
“I want to commend President Muhammadu Buhari, though I do not know what the increase is about, but the government did well for us,” Igueben said.
“Some people said it is a 40 percent increase to cushion the effect of the fuel subsidy that will be removed in June.
”Whatever it is, I pray it will continue so that my family can live an improved life.”
Another civil servant, who identified as Abubakar Idowu, said the development was commendable and well appreciated.
Idowu said although he was yet to receive the credit alert of his salary, he was convinced of the veracity of the development.
“God bless PMB. I know even his enemies will pray for him secretly for this; Everywhere is stew, everywhere correct. PMB is a goal,” he said.
“This is meant to help government workers to cushion the effects of rising inflation, the rising cost of living, hikes in transportation fare, housing, electricity and the likely removal of fuel subsidy.
On her part, Ngozi Ebe, a civil servant, advised fellow workers to spend wisely as the money was meant to cushion the effect of the proposed subsidy removal.
“In case you received arrears of payments, please do not spend it all in case the fuel subsidy is removed from June,” she said.
Pay rise: Civil servants commend FG on payment of 40% ‘peculiar allowance’
Some civil servants in the federal capital territory (FCT) have commended the federal government over the payment of the 40 percent “peculiar allowance”.
TheCable understands that the payment was included in the workers’ April salary.
Chris Ngige, minister of labour and employment, had said the federal government approved a pay rise for civil servants in the country.
He said the pay rise was included in the 2023 budget, and “would take effect from January 1, 2023”.
The minister described the salary increase as a “peculiar allowance” for civil servants in view of the current economic realities.
Ngige said the move was meant to cushion the effects of the rising inflation and cost of living, hikes in transportation fare, housing, and electricity tariffs, on government workers.
Speaking with NAN on Sunday, some civil servants confirmed receiving the payment, and lauded the federal government for the gesture.
They also described the payment as “timely”.
An excited Agnes Iguben, a civil servant, said she was surprised to see an increase when she received her salary for April.
She said the money would go a long way in meeting her family’s needs throughout the month.
“I want to commend President Muhammadu Buhari, though I do not know what the increase is about, but the government did well for us,” Igueben said.
“Some people said it is a 40 percent increase to cushion the effect of the fuel subsidy that will be removed in June.
”Whatever it is, I pray it will continue so that my family can live an improved life.”
Another civil servant, who identified as Abubakar Idowu, said the development was commendable and well appreciated.
Idowu said although he was yet to receive the credit alert of his salary, he was convinced of the veracity of the development.
“God bless PMB. I know even his enemies will pray for him secretly for this; Everywhere is stew, everywhere correct. PMB is a goal,” he said.
“This is meant to help government workers to cushion the effects of rising inflation, the rising cost of living, hikes in transportation fare, housing, electricity and the likely removal of fuel subsidy.
On her part, Ngozi Ebe, a civil servant, advised fellow workers to spend wisely as the money was meant to cushion the effect of the proposed subsidy removal.
“In case you received arrears of payments, please do not spend it all in case the fuel subsidy is removed from June,” she said.
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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