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20260808 203000 UTC
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[00:00:00] impacts your everyday life, helping you navigate the ever changing
[00:00:03] financial
[00:00:06] of landscape. watch Business Nigeria every weekday
[00:00:09] a at 2 p.m. only
[00:00:11] of on TBC
[00:00:12] of News, first with breaking
[00:00:15] of news. At TVs and news, wherever the
[00:00:19] big news stories happening, we're get up to aggregate.
[00:00:23] a TVs and news, first with breaking
[00:00:25] news.
[00:00:39] me
[00:00:48] Hello and welcome to labor length, I am Sharony Jason, on this week
[00:00:52] edition
[00:00:53] of the program will be focusing on the financial sector and the
[00:00:56] government policy, especially that
[00:00:59] of the banking. Recapitalization and how it affects
[00:01:03] walkers. We also have new stories for you, we will be right
[00:01:06] back.
[00:01:11] of
[00:01:24] you. The president
[00:01:24] of the Nigerian Liberal Congress has called on walkers across the country to prepare
[00:01:28] for the renegotiation of. the national minimum wage, the battle
[00:01:32] for living
[00:01:34] of wage will soon begin earnest, and as we
[00:01:37] discuss the politics
[00:01:39] of the future, we must ground our discussions
[00:01:43] in the immediate material realities of our
[00:01:46] class, we are preparing for the
[00:01:49] renegotiation
[00:01:50] of the national minimum wage. let us be
[00:01:53] of clear, the party sum
[00:01:57] that currently passes for a way, can no longer
[00:02:01] be sustainable, it is
[00:02:04] poverty wage, we must not go to
[00:02:08] the negotiation table with begging bow,
[00:02:12] we go as
[00:02:13] a class that understands its power, we must
[00:02:17] demand wage that truly approximates a living
[00:02:21] wage, wage that takes workers
[00:02:24] home with
[00:02:27] of enough to feed addressing participants at the 2020. 6 NLC rain
[00:02:31] school eld in Akwai bom state, labor leaders urged union
[00:02:34] leaders to provide courageous and visionary leadership
[00:02:38] while remaining committed to protecting the rights and welfare of
[00:02:42] Nigerian workers. They also called on Nigerian workers to unite,
[00:02:46] depen political participation and prioritize issue based
[00:02:49] engagements ahead
[00:02:51] of the 2027 general elections. For those of you attending
[00:02:55] of these schools for the first time, please take it
[00:02:58] seriously. I can tell you for free that I
[00:03:02] am
[00:03:03] of one
[00:03:06] of of the first participants of of the Hamatan school which took place first under Comrade
[00:03:09] Adams, it was actually in Bauchi, that's when the school
[00:03:13] started, and I recall that time we had many of our corporates from
[00:03:17] South Africa, Zimbabwe,
[00:03:19] Ghana, Tanzania, all international guests were
[00:03:23] there, so basically to
[00:03:25] in continue this process from 2002,
[00:03:29] I think... to today, I think it is
[00:03:33] something that uh needed to be commended and I want all of
[00:03:37] you to give the attention that he desire uh for this
[00:03:40] training, and when you go back, the idea is also for you to scale it
[00:03:44] down in your union uh, because you need to transfer
[00:03:48] knowledge from one leadership to another or within the
[00:03:51] cycle of a
[00:03:53] of union of so that we can have a density of workers that are well
[00:03:56] informed, like I said for decades the FES. stood
[00:04:00] with the Nigerian labor movement, rooted in our sheer
[00:04:04] commitments to social democracy,
[00:04:07] workers rights, economic justice and
[00:04:10] democratic governance. The NLC rain school
[00:04:14] remains one
[00:04:15] of the platforms for political education, a
[00:04:19] time of critical reflection and capacity building
[00:04:23] effort for trade unions across the country.
[00:04:27] I'm told that as at today we have -
[00:04:30] 200 participants already registered for this
[00:04:34] score, the team chosen for this year
[00:04:38] of score, the working class and the politics of
[00:04:41] 2027 elections, issues, challenges
[00:04:45] and opportunities is both timely,
[00:04:48] relevant and urgent across Nigeria,
[00:04:52] the working class continues to bear the
[00:04:55] heaviest burden of socio economic reforms
[00:04:58] influence. wage
[00:05:01] devaluation and rising living
[00:05:04] cost. the upcoming 2027 electoral
[00:05:08] cycle must not be treated as merely routine
[00:05:11] transition. of political office older, it must
[00:05:15] be friend, having said that, on behalf
[00:05:19] the ilo country office director, and on
[00:05:23] behalf the director the ilo bureau for
[00:05:26] workers activities, i extend our
[00:05:30] warmest fraternal greetings and
[00:05:34] message of unwevering solidarity to the
[00:05:38] working men and women of Nigeria,
[00:05:42] as Nigeria approaches the pivotal
[00:05:45] 2027 political
[00:05:47] milestone. The working class find
[00:05:51] itself a very critical
[00:05:54] historical crossroads. As Ayello, we
[00:05:58] recognize that Nigerian workers are
[00:06:01] currently bearing the heaviest burden
[00:06:05] of profound economic
[00:06:07] transformation. The realities of
[00:06:11] skyrocketing inflation. expression, eroded
[00:06:14] purchasing purchasing power and the sky
[00:06:18] rocketing cost of basic necessities have
[00:06:22] tested the resilience the Nigerian people to
[00:06:26] its absolute limits. As the
[00:06:29] ILO, our stance remains very, very
[00:06:33] clear and resolute, there can be
[00:06:37] no sustainable democracy or
[00:06:40] economic progress without.
[00:06:44] The annual rain school regarded as one the Nigerian Labor Congress flagship
[00:06:48] political education programs brings together Trade Union
[00:06:52] leaders and workers from across Nigeria for leadership
[00:06:55] development, policy discussions and capacity
[00:06:59] building.
[00:07:05] Representatives the International Labor Organization, Frederick
[00:07:08] Edbert Stefank, the Solidarity Center and the Labor Party.
[00:07:12] made contributions at the rain school, no
[00:07:16] turning back, no turning
[00:07:19] back, i can see
[00:07:21] everything,
[00:07:28] the key concern is that as we approach the
[00:07:31] 2027 politics, workers have to be very much
[00:07:35] conscious in terms of who they bought in terms
[00:07:39] of those that will actually... affect
[00:07:43] their socio-economic well being, as you can see, the working
[00:07:46] people are facing lot of challenge in terms of
[00:07:50] declining purchasing power, erosions in their wages
[00:07:54] and access to social
[00:07:57] protection. the expectation is that at the end of this
[00:08:01] school, the participants would
[00:08:05] have had enough agitation, enough
[00:08:08] education to go home and play.
[00:08:12] very vital role in the process the
[00:08:15] production the new leadership the
[00:08:18] country, that is, as we are going to
[00:08:22] an election here, not just by voting, by
[00:08:26] educating people on
[00:08:28] what is expected from leadership,
[00:08:31] assessing and helping to educate the larger
[00:08:34] society about what governance, what the
[00:08:37] people should expect from those who take over
[00:08:41] governance.
[00:08:46] On the profile interview segment this week, I'll
[00:08:48] be speaking with the acting national president of asbif. It brings us
[00:08:52] up to speed on what the CVN policies are and how it
[00:08:56] affects Nigerian workers, he emphasize that the banking
[00:08:59] recapitalization has not affected workers
[00:09:02] negatively.
[00:09:06] It's the first time I've been speaking with you since your assumption of
[00:09:10] office. I think it's safe to say. congratulations, thank you,
[00:09:14] lot has been happening in the world of work, and for those in the banking and
[00:09:18] finance sector, it's all about
[00:09:20] recapitalization by the CBN, why do we need to have
[00:09:24] this conversation at this particular point in time, why is it necessary for
[00:09:28] CBN to say, you know what the financial sector means and
[00:09:31] overall? the reality is recapitalization
[00:09:35] simply means showing your capital is of this financial institution and it
[00:09:39] could be corporate or regulatory induced.
[00:09:43] so in this instance now is regulatory induced
[00:09:46] and capital bases to the extent
[00:09:50] the extent the how deep the capital b of a bank
[00:09:54] is is how far they can do business, how far
[00:09:58] they can drive the drive economic growth in the country,
[00:10:01] so CBN in isoison one wanted a situation
[00:10:05] whereby Nigerian banks will be more stable, remember the
[00:10:08] recapitalization of 2004 to 2005.
[00:10:13] helped us during global crisis of
[00:10:16] 2008, there was o Nigeriaman that went under to the best
[00:10:20] of my knowledge because of that shock absorber
[00:10:24] that they had already put in. place in terms of healthy capita
[00:10:27] be
[00:10:28] so now CBN in his wisdom in 2024 came out with this
[00:10:32] policy that there should be tired recapitalization
[00:10:35] stretched over a period of two years 2024 to 2026 it
[00:10:39] was just simply that they wanted the healthier
[00:10:43] banks more strong banks and banks that will be more
[00:10:46] resilient and be able to drive economic growth in Nigeria
[00:10:50] because the capital base of a bank is to how
[00:10:54] comfortable the bank. would be to do some kind of businesses now we
[00:10:58] have international banks to 500 billionaire
[00:11:02] capitalization capital biss 200 billion for national
[00:11:05] bank 50 billion for manchant bank regional banks and all that so
[00:11:09] meaning that an international bank in nigeria will be able to do some kind of business
[00:11:13] 500 billion is not small money yes some people will say in fact
[00:11:17] for me even think some people are already agitating that the capital
[00:11:21] base should further be increased because "we
[00:11:25] can now see that Nigerian banks are driving economic growth because they are able to
[00:11:29] lend more, because banks now have surplus to
[00:11:32] lend to violence and harassment at work
[00:11:36] places, that's why we discussed this
[00:11:39] policy and we feel that it's a policy that when
[00:11:43] implemented and adopted is going to help all our
[00:11:46] affiliates,
[00:11:47] you know, all the federations that are affiliated to us
[00:11:51] implement the same in their workplaces, but als
[00:11:55] to extend it to extend it to the employer so
[00:11:58] that uh we can have a workplace that
[00:12:02] is safe from violence and harassment. are there any timelines
[00:12:06] set aside to achieve this policy
[00:12:09] draft? yes, this timeline for achieving this
[00:12:13] policy draft, we expect that by the
[00:12:17] end of this year and when we will be having our general
[00:12:20] council meeting, we will be able to
[00:12:25] in October, we can adapt it, then it can be
[00:12:29] sent to all our affiliates uh, to
[00:12:32] borrow leave from them when they are developing their
[00:12:36] GBV policies, when they are developing their sexual
[00:12:39] harassment policies, they can borrow leaf from us and
[00:12:43] implement in their unions and extend it to the
[00:12:47] employers. going back to the conversation as regards achieving occupational
[00:12:51] health and safety in the workplace, it was observed during the com friends
[00:12:55] that we have some African countries that yet to ratify
[00:12:58] conventions that relate towards advancing
[00:13:02] occupational health and safety in the workplace, how would you react to
[00:13:06] this? first of all, let me say that, when we talk
[00:13:09] occupational safety and health issues at
[00:13:13] workplace, our intention as
[00:13:17] a union is to make sure that we handle osh
[00:13:20] issues in hall, not just looking
[00:13:24] at. now making sure that we have safety boot or
[00:13:27] personal protective equipments, but we are talking
[00:13:31] prevention, how can we prevent workplace
[00:13:34] injuries, how can we prevent workplace
[00:13:38] hazards, how can we make sure that a worker is
[00:13:42] prevented from these um hazards that would cause
[00:13:46] occupational safety and health diseases, because
[00:13:49] remember our intention is not for
[00:13:53] somebody to be affected at
[00:13:56] workplace and then we start discussing issues
[00:14:00] later, we want workers to be protected, so ours
[00:14:03] is prevention, ours is to make sure that there is decent work
[00:14:07] at work places, ours is to ensure
[00:14:11] that there is total protection, that we even the
[00:14:14] jobs that we have our workplaces are
[00:14:18] good, that there is no sexual harassment at workplaces,
[00:14:22] mean we are looking at all as a
[00:14:26] whole, not a component. the draft
[00:14:29] policy, which aims to eliminate
[00:14:32] gender-based violence, harrastment in the
[00:14:35] workplace, was a policy that was drafted in Nairobi,
[00:14:39] Kenya. As the Deputy President of ITUC Africa,
[00:14:43] are there specific situations that prompted
[00:14:46] ITUC Africa to take this
[00:14:49] initiative? my message would be that
[00:14:52] countries ratify convention. number 155
[00:14:56] on occupational safety and health and
[00:15:00] domesticated and when i say to domesticate
[00:15:03] is to make sure that it is implemented at the country
[00:15:07] level, not just ratifying and not
[00:15:10] implementing.
[00:15:12] you know, if we do not um ratify these
[00:15:16] conventions, of course they are binding because they have been ratified
[00:15:20] by other countries and we are member states and whether we ratify
[00:15:24] or not it's binding, but it would be good to
[00:15:27] ratify and to domesticate,
[00:15:31] because once domesticated, then it means that the country
[00:15:35] is ready implement. the the the
[00:15:39] convention that has been ratified, so I think my message
[00:15:43] is that we ratify and domesticate these
[00:15:46] conventions. I know many countries are saying that they have
[00:15:50] maybe labor laws on occupational safety and health that
[00:15:54] they are using and they feel that it is not necessary to ratify these
[00:15:58] conventions, but I would say that it is very
[00:16:01] important to ratify these conventions because only then
[00:16:05] can you you know '
[00:16:08] implement and make sure that you can be
[00:16:12] checking whether it is working or it's not working
[00:16:16] and if it is not working what could be the the challenges
[00:16:19] and how do you then mitigate uh then the risks that
[00:16:23] are there? what are your observations as regards informal workers in
[00:16:27] Africa? would you say that they have all the mechanism put in
[00:16:31] place by various stakeholders to ensure that they have safe
[00:16:35] workplace? yes um I
[00:16:38] think first of all let me say that
[00:16:42] um the largest employer is informal
[00:16:45] sector, that is where we have
[00:16:48] huge, huge membership
[00:16:51] of workers and as a union
[00:16:55] we are organizing informal sector workers, we have memorandum
[00:16:59] of understanding with associations, informal
[00:17:02] sector workers associations and we help
[00:17:06] them. especially when it comes to occupational safety and
[00:17:10] health issues,
[00:17:11] you know informal sector workers do not have
[00:17:15] protective equipments, personal protective equipments and
[00:17:19] therefore we thought it wise to organize them so that we can
[00:17:23] carry out some education to them, we can also give them a
[00:17:27] platform, because many of times it is not easy for
[00:17:31] them to get a platform where they can air their views, where they can air
[00:17:35] their griviances and so... for us we have been
[00:17:38] connecting them to the local authority to make sure that
[00:17:42] they can air out their grieviances, but above all you
[00:17:46] will also realize that i come from the metal sector and the
[00:17:50] metal sector you would find that most of
[00:17:53] our members in the informal sector are people working
[00:17:57] either in the garage because they are either mechanics panel
[00:18:01] beaters or spray painters and most
[00:18:04] them um finished school and them could
[00:18:08] not afford to go to colleges and so
[00:18:11] they go to their uncles and they learn on
[00:18:15] the job this um this work and so it is
[00:18:19] also we decided to connect
[00:18:23] them to the national industrial training authority so that they
[00:18:27] can be satisfied certified at their places of
[00:18:30] work and therefore we have those them who have been enrolled
[00:18:34] in the in the program
[00:18:38] uh so that they can be tested at
[00:18:41] workplaces and they can do their exams and when
[00:18:45] they pass, they can be graded and they can get government
[00:18:49] grades, so that is what we are doing with
[00:18:52] them, during and this is
[00:18:56] done under recognition of prior learning, sharon, you
[00:18:59] know we have the recognition of prior learning,
[00:19:03] so this is where this informal sector workers fall.
[00:19:07] under and that is why then the national industrial training
[00:19:11] authority has to make some term programs for
[00:19:15] them, test them and give them certificates with government
[00:19:18] grades so that if they want to apply for formal
[00:19:22] employment then they they can do so because they have
[00:19:25] certificates. during the workshop there was several conversations as
[00:19:29] regards how accident victim should access
[00:19:33] care and there was this conversation as regards availability
[00:19:37] of fund and maybe should countries um
[00:19:41] institutionalized insurance um insurance
[00:19:44] system in place to ensure that every worker is ensured both
[00:19:48] formal or informal. in Nigeria where i
[00:19:51] reside, we have insurance uh
[00:19:55] sector or an agency uh managed by government, but not
[00:19:59] everyone has been able to key into this system. you're the
[00:20:02] deputy president of ituc Africa, you are based in
[00:20:06] Nairobi, Kenya, what are your observations, what would be your
[00:20:10] recommendations as regards accident victims
[00:20:14] having access to f to ensure that they are
[00:20:17] protected when accident happens? do
[00:20:21] believe that um in the labor loss there is work
[00:20:25] injury benefit act and in the work injury
[00:20:28] benefit act it is stipulated when you
[00:20:32] get accident what are the
[00:20:35] reporting uh? criteria, the processes and the
[00:20:39] procedures that are in place. once you report
[00:20:43] such um occurrences, then the next step
[00:20:47] of action is that the direct. of
[00:20:50] occupational safety and health would look at the
[00:20:54] the the form of accident, they would make
[00:20:58] you feel the form which is requirement and they would they would
[00:21:02] access uh the extent the
[00:21:05] accident and be able to work on
[00:21:08] compensation, so here in Kenya we do
[00:21:12] not have different insurance, we have the work
[00:21:16] injury benefit act that is normally used, we have
[00:21:20] Osh act that is also used to make sure that
[00:21:24] there is compensation whenever there are those
[00:21:27] accidents, but Sharon, let tell you
[00:21:29] that, as ITU see
[00:21:32] Africa, our interest is to make
[00:21:36] sure that there is whole protection, that the
[00:21:40] workers do not get accident so that they are either
[00:21:44] compensated or something of that nature. For
[00:21:47] us, it is protection, not even. prevention,
[00:21:51] protection, it is prevention also to make sure that
[00:21:55] no worker is getting injured at the workplace
[00:21:58] and to make sure that they can
[00:22:02] work, walk into their workplace safely
[00:22:06] and go back home safely without any
[00:22:09] injuries. sounds very interesting, what would be your aspirations
[00:22:13] in the next few years towards ensuring
[00:22:17] safe workplace, decent work? and
[00:22:21] also a workspace um free from sexual
[00:22:24] harassment uh now that or is a
[00:22:28] fundamental right, i do
[00:22:31] believe that um
[00:22:35] if the unions
[00:22:38] work together with the
[00:22:41] ministry and together
[00:22:44] with the employers when the tripartite could come
[00:22:48] together to develop um rules and
[00:22:52] regulations that
[00:22:54] guard um or that
[00:22:58] would prevent workplace injuries
[00:23:02] then that is going to work well for us. another
[00:23:06] thing is to say that we have ilo convention number
[00:23:10] 190 on ending
[00:23:14] violence and harassment against men and women in the
[00:23:17] world of work and there. Therefore, it is very
[00:23:21] important that our countries ratify
[00:23:25] this convention, so that when the convention
[00:23:29] is ratified, we can have
[00:23:32] workplaces that will not tolerate any form of
[00:23:35] violence at workplace. Um, I also
[00:23:39] believe that as workers and as social
[00:23:43] partners, we can sit together and
[00:23:46] agree on elimination of violence and harassment. at
[00:23:50] workplaces, following what is already
[00:23:54] stipulated in convention 190, i believe
[00:23:58] that there are countries that have not ratified this convention,
[00:24:01] but the convention is in force because many countries have
[00:24:05] ratified and therefore it is binding to all other
[00:24:09] countries, so i want to believe that the workers, the
[00:24:12] employers and the government are a position
[00:24:16] to work together to make sure that they eliminate violence. and
[00:24:20] harassment at workplace. Thank you
[00:24:24] very much for your time. I'm sure would have subsequent conversations
[00:24:28] as regards ash and other issues that affect us in the
[00:24:31] workplace. Thank you, thank you Sharon
[00:24:35] for also taking your time to talk to me about this. And that's all we can
[00:24:39] take today's edition the program. Join us next week for a fresh edition the
[00:24:43] show. I am Sharony Jason. Thanks for watching and remember
[00:24:47] that labor creates wealth.
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[00:27:44] four years ago you made your choice, now
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[00:27:52] 2026, more than 2.3 million
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[00:28:16] This is more than a governorship election, it's the final test for the
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[00:29:00] security chiefs, election observers, and the
[00:29:02] voters, stay infirmed, stay
[00:29:06] connected, stay with tv news,
[00:29:09] tv news, first with breaking
[00:29:12] news,
[00:29:17] there is always more to story than the scribing headline, the part
[00:29:21] of story that is not told casts a shadow, it's like the
[00:29:25] part of an object that is not riched by light, on tvas news, i'm
[00:29:28] able to explore the many angers the ratu story, talking to
[00:29:32] stakeholders asking the difficult questions and digging for
[00:29:36] facts. I believe the viewers are able to make better decision if they're well
[00:29:40] informed and understand not just a part
[00:29:44] but the complete story. Timers news first
[00:29:47] with braken
[00:29:48] news.
[00:30:18] attivis and news, wherever the big news stories happening,
[00:30:22] we're get up to break it, tvs and news first
[00:30:26] with
[00:30:26] Britain.