Monday, May 25th 2020 4:22 AM

Market Digest Nigeria


Nigerian Newspapers Headlines (15th May, 2019)

9th National Assembly

After their inauguration in June to the 9th National Assembly, Four Hundred Sixty- Nine lawmakers elected at the February 23rd polls will receive a welcome package of N4.68bn to sort their accommodation and furniture.

Major Nigerian Newspapers talks more on this story:

9th National Assembly

Punch Newspaper: 9th National Assembly: 469 members to receive N4.68bn welcome package

The newly elected Four hundred and Sixty-nine lawmakers during the February 23 National Assembly elections will receive a welcome package of N.68bn after their inauguration in June. This package is for accommodation and furniture.

According to the Revenue Mobilisation Allocation and Fiscal Commission, accommodation and furniture allowances are two of the irregular entitlements of lawmakers and other political office holders. While accommodation is paid once every year, furniture allowance is paid once in four years.

Each member of the House of Representatives on resumption, therefore, is entitled to N9.926, 062.5, according to the prescription of the RMAFC in its Remuneration Package for Political, Public and Judicial Office Holders 2007 to Date.

This is the summation of furniture allowance of N5,955,637.5 and accommodation allowance of N3, 970,425 which a House of Representatives member is entitled to. Therefore, the 360 lawmakers that will make up the House of Representatives to be inaugurated in June will be entitled to accommodation and furniture allowances of N3.57bn.

On the other hand, each senator is entitled to a combined furniture and accommodation allowance of N10,132,000 on assumption of office. While the accommodation allowance of a senator is N4,052,800, the furniture allowance is N6,079,200. The 109 senators that will make up the 9th National Assembly will receive a total of N1.1bn when the red chamber opens in June altogether.

9th National Assembly

Guardian Newspaper: Knocks for FG as family, friends mark Leah Sharibu’s birthday

A renewed cry for help to the Fedreal Government was made yesterday as family, friends and well wishers marked the 16th birthday of abducted Leah Sharibu.

Leah Sharibu was kidnapped on February, 2018 by the Boko Haram terriorist group from the Government Girls Science and Technical College (GGSTC) Dapchi, Yobe State. She was held captive for refusing to convert to Islam while the other kidnapped students were released.

The release of Zainab Aliyu, who was arrested and detained in Saudi Arabia for alleged drug trafficking by Federal Government intervention brought a glimpse of hope for Leah’s release.

9th National Assembly

Sun Newspaper: N30,000 salary: Workers to wait

Although President Muhammadu Buhari has signed the N30,000 minimum wage bill into law, the worker will have to wait for some time before receiving the new wage.

During the Channels Television Sunrise daily programme yesterday, the Minister of Labour and Employment, Dr. Chris Ngige said that a Federal Government committee that was inaugurated by the Secretary to the Government of Federation, Mr. Mustapha Boss has to first articulate the modalities for implementation

He said the implementation modalities and template of  the new minimum wage were still being fine tuned even though it has been passed and signed into law.


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