General news

Dangote Flour workers protest over non-payment of gratuities

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Trade unions in Dangote Flour Mill (DPM) on Wednesday staged a protest over non-payment of workers’  gratuities since 2012.


Mr Gbenga Ekundayo, the  Chairman, of Lagos State Chapter of Trade Union Congress (TUC),  said that an agreement was signed between the employers in the Food and Beverages Industry and the FOBTOB members in 2008 that gratuities would be paid annually to workers.

“All companies including, DFM,  complied and DFM continued to pay its workers until 2012 and since then the gratuities stopped.

“It is not acceptable, proper; even if there is need for changes, it is only proper that when changes will be made in agreement, you will go back to the same agreement table to make the changes.

“We appeal to President Muhammadu Buhari, Minister of Labour and Productivity, Dr Chris Nigige and Alhaji Aliko Dangote to intervene by appealing to the management to pay what is due to the workers, ” he said.

The chairman said that information had reached the union that DFM had been sold to Olam Group International.

According to him, on Nov. 1, the new company will take over DFM.

“Who are going to pay these accrued gratuities owed since 2012? Is the new buyer going to pay the liability or DFM pays before handing over.

“Security begins with social security; people having the assurance that their entitlements are paid where they work.

“These are the hopes that keep people away from crimes; if people have to go through this, how much do we expect that we will keep ourselves safe in the society. ”

Mr Jimoh Oyibo, the National Deputy President, Food Beverages and Tobacco Senior Staff Association (FOBTOB), said the workers would not relent in their agitation until the management acceded to their demands.

According to him, FOBTOB is a recognised labour body in the country and as such has procedures in addressing issues.

“Our members are agitating for what is due to them; we are not asking for salary increase, appraisal or more members to do the work.

“Wee only asking what is due to us; as long as DFM refuses to obey the rules, we will continue the struggle and never give up, ” Oyibo said.

The Deputy General Secretary of FOBTOB, Lagos Branch,  Miss Jumoke Oladimeji, said that workers had held several meetings with the management which always ended in deadlock.

Oladimeji called on the management to work out the modalities on how to pay the gratuity before handing over to the new company.

“What we are asking for is quality life after retirement; gratuity is what our members can use to start good lives after retirement, ” she said.


EEI/TA

Edited by Tajudeen Atitebi


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https://nnn.ng/dangote-flour-workers-protest-over-non-payment-of-gratuities/

Foreign

Workers make face masks to help fight spread of COVID-19 in Sanaa, Yemen

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A worker makes face masks to help fight the spread of COVID-19 at a textile factory in Sanaa, Yemen, on June 13, 2020. (Photo by Mohammed Mohammed/Xinhua)


(XINHUA)

https://nnn.ng/workers-make-face-masks-to-help-fight-spread-of-covid-19-in-sanaa-yemen/
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Agriculture

Dangote, Stallion, others boost Ekiti Agric sector with $50m investments

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It said Dangote Group is also finalising plans to locate a five million dollars mill within the same location.

Mr Akintunde Oyebode, Special Adviser to the Governor on Investment, Trade and Innovations, made this known in a statement to newsmen in Ado Ekiti on Wednesday.

He explained that the investments were results of the government’s focus on building an enabling environment for businesses to thrive.

Oyebode said that government’s drive to attract investment to the state had also attracted other investors who had finalised plans to site their production facilities in the State.

“In the cassava value chain, FMS Farms is finalising plans to set up a 10 million dollars Starch Processing Plant and Farm in Ikole Local Government Area and has already commenced farming activities.

In addition, Promise Point has also invested 15 million dollars in its Starch Processing facility within the same area which has also been designated as part of the Special Agro-Industrial Processing Zone.

“This is coming after a 5 million dollars investment by Promasidor, to renovate and operate the moribund Ikun Dairy Farm, and another 5 million dollars investment by JMK Foods to build a rice mill in Ekiti State,’’ he said.

Oyebode said many of the investors only had to deal with the Ekiti State Development and Investment Promotion Agency (EKDIPA) to process their land titles and other requests without stress.

“This is by being responsive to their needs and carrying out constant aftercare services even when they are fully established, we are showing other investors that Ekiti is the place to be,’’ he said.

Oyebode also disclosed that the State was developing two special economic zones for Agro-Industrial activities and the knowledge economy.

According to him, apart from those investors who have already chosen Ekiti as a location to do business, others have shown a lot of interest in the state.

“The recent reduction in Right of Way charges for telecommunication infrastructure was done to complement the planned Knowledge Zone; and to demonstrate a commitment to the digital economy.

The Knowledge Zone on its own will be anchored around talent produced by universities in Ekiti and its neighbouring states; a well planned mini city with residential housing and offices; and reliable infrastructure, especially power and broadband.

“The zone, when completed, will be Nigeria’s first service based economic zone, attracting services like business process outsourcing, back office operations, data labelling, software development/engineering and startups focused on critical sectors like healthcare, education, agriculture and consumer markets.

The Agro Industrial Processing Zone will include access roads to farms; irrigation systems to ensure all season farming, storage infrastructure to reduce post harvest losses and independent power to enable processors optimise their output.

“Even in the early stages of the zone’s establishment, the State Government is in serious discussions with at least five large-scale processors keen to operate within the Zone.

“To ensure the gains of the current administration are institutionalized, the State’s Public-Private Partnership Law has been updated and is being reviewed by the House of Assembly, while a Mortgage and Foreclosure Bill have also been sent to the state House of Assembly for consideration.

“When both bills are passed into law, Ekiti will have best in class laws to protect private investments and the legal framework to support the long overdue mortgage activity in the State.

“The Government is also embarking on a comprehensive Ease of Doing Business reform programme that seeks to ensure Ekiti is a top-5 state to do business by 2021.” Oyebode added.


Edited By: Abiemwense Moru/Maharazu Ahmed (NAN)

https://nnn.ng/dangote-stallion-others-boost-ekiti-agric-sector-with-50m-investments/
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Economy

FMDQ admits Dangote Cement’s N100bn Commercial Paper on its platform

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Specifically, FMDQ announced the approval and admission of Dangote Cement’s N34 billion Series 15 and N66 billion Series 16 Commercial Paper (CP) notes, on its platform.

The company said in a statement in Lagos that the CP notes was under Dangote Cement N150 billion Domestic CP Issuance Programme.

FMDQ said the issuance and subsequent quotations of Dangote Cement CP was the largest issued by a non-financial institution in Nigeria on its platform.

It said that the development was another testament of the efficient listings and quotations service offered by FMDQ Exchange.

FMDQ said that the Exchange would continue to position the Nigerian capital market to support corporates and businesses seeking to raise capital to finance their funding needs.

FMDQ Holdings Plc has through its subsidiary, FMDQ Exchange, continued to provide the required support to governments, corporates, and individuals through the delivery of innovative and dependable capital market solutions,” it said.

The statement indicated that Dangote Cement CPs will be availed global visibility through FMDQ Exchange’s website and systems.

The CPs would be included in FMDQ Daily Quotations List, in order to ensure and maintain information transparency, according to the statement.

Through the Listings and Quotations Compliance function at FMDQ, investors are guaranteed continued disclosure of the issuer’s obligations to enable this important category of market stakeholders make informed decisions.

“Investors are also provided a secure securities depository for the lodgement of their assets via FMDQ Depository Limited, thus ensuring an efficient and seamless flow of transactions from start to finish on FMDQ,” it said.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement and depository services, as well as data and information services across the debt capital, foreign exchange and derivatives markets in Nigeria.


Edited By: Bola Akingbehin/Oluwole Sogunle (NAN)

 

https://nnn.ng/fmdq-admits-dangote-cements-n100bn-commercial-paper-on-its-platform/
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Foreign

Demonstrators take part in protest over death of George Floyd in Mexico City

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Demonstrators take part in a protest over the death of George Floyd in Mexico City, Mexico, on June 4, 2020. (Photo by Francisco Canedo/Xinhua)

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