Business

My salary is N942,000 monthly — I don’t get allowance, says Ngige

Published

2 years ago

May 2, 2023 5:24 am

BodexNG

Chris Ngige, minister of labour and employment, says his monthly salary after the deduction of taxes is N942,000.

Speaking on Monday in an interview with Channels Television, Ngige said he was not entitled to any allowance as a minister except when on official trips.

“My salary is N942,000 a month. That is my salary with My PA. Gross total after-tax — my feeding, my transport, the transport of one PA, the salary of my gardener, my cook,” the labour minister said.

“They are all consolidated. After huge taxation, they paid me N942,000. Every minister you see, that is what you will see. The special advisers get around that amount too.

“The allowances are not anything. We don’t have any allowances except if you travel, you can get duty tour allowance, like every other public officer.”

Ngige noted that the federal government recently reviewed the travel allowance the ministers, permanent secretaries and others are receiving.

“It was reviewed to N100,000 for a minister, and I think ministers of states, N75,000; permanent secretaries, N70,000, and down the line. Level one, everybody else’s own was reviewed, not only our own,” he said.

Speaking on the issue of minimum wage, the labour minister said the outgoing administration of President Muhammadu Buhari will not increase the salaries of workers before leaving office, adding that the next administration will address the issue of workers’ salaries after assuming office.

“I’m sure that the incoming government of Asiwaju Bola Ahmed Tinubu will tow the same line and do the necessary fixing. He is a finance manager. He managed the finances of Lagos very well. He paid the salaries that needed to be paid and even add the extra payment for the judicial workers in Lagos. I have no fear about that at all,” Ngige said.

While reacting to the challenge of unemployment, the labour minister said the responsibility of job creation is a “cross-cutting” issue that should not be left in the hands of the public sector alone.

Ngige attributed the challenge to the decline in foreign direct investments.

“The point is that job creation is a cross-cutting thing. It is not only for the public sector to do,” he said.

“Everybody has it in mind that it is the government that creates jobs. If we don’t work in a federal ministry or government agency, we have not got a job. No, the private sector is there.”

Business

Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

Published

10 hours ago

November 25, 2024 1:29 pm

BodexNG

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

Published

12 hours ago

November 25, 2024 11:01 am

BodexNG

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

Published

14 hours ago

November 25, 2024 9:16 am

BodexNG

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.”

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