National Economy
Tuesday, June 3, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

Maritime Workers Threaten Strike Over Proposed NPA Revenue Reduction

by Taiwo Bakare
1 year ago
in News
Reading Time: 2 mins read
maritime
Share on FacebookShare on TwitterShare on Telegram

You May Like

DBN Launches Green Declaration To Mobilise Green Finance

Unlocking Power Of Diaspora Remittances For Economic Growth

Maritime workers in Nigeria have issued a stern warning of a potential nationwide strike if the federal government proceeds with its plan to automatically deduct 50 per cent from the revenue earned by the Nigerian Ports Authority (NPA).
In a joint statement released in Lagos, the Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASCGOC) and the Maritime Workers Union of Nigeria (MWUN) expressed deep concern over the proposed deduction.
The statement, signed by the presidents of both unions, Mr. Akinola Bodunde and Mr. Adewale Adeyanju, respectively, emphasized that they have already communicated their grievances to the President.
The unions underscored that if the decision is not reversed, it would lead to the withdrawal of workers and a complete shutdown of ports across the country.
They proposed a 30 per cent deduction from NPA’s revenue instead of the proposed 50 per cent, stating that a 50 per cent deduction would severely hamper the NPA’s ability to fulfill its responsibilities to host communities and undertake essential operational tasks.
Mr. Akinola Bodunde, speaking on behalf of the union, highlighted the significant financial implications of the proposed deduction on the operational capabilities of the NPA. He emphasized that such a reduction would jeopardize crucial maritime operations, including dredging port channels and maintaining infrastructure, ultimately impacting vessel traffic and port activities.
Mr. Adewale Adeyanju, President General of MWUN, emphasized the importance of a well-trained workforce for efficient port operations and voiced concerns that the proposed revenue reduction could impede investment in employee training and welfare, leading to unrest and social upheaval in host communities.
The unions issued an ultimatum to the government, demanding a revision of the directive to allow for a more reasonable deduction from internally generated revenue.
The backdrop to this dispute stems from a circular issued by the Federal Ministry of Finance, dated December 28, 2023, which instructed federal agencies/parastatals to remit a portion of their internally generated revenue (IGR) to the Treasury Single Account (TSA).
Partially funded agencies like the NPA are expected to remit 50 per cent of their IGR to the federation account, alongside remitting all statutory revenues.
While the initiative aims to enhance revenue generation and financial transparency, maritime workers fear its adverse effects on essential port operations and workforce welfare.
Tags: maritimeMaritime Workers Union of Nigeria (MWUNNigerian Ports Authority (NPA)Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASCGOC)
ShareTweetShare
Previous Post

Tinubu Set To Attend AU Summit In Addis Ababa On Thursday

Next Post

CBN Sells Dollars To Banks After 5-Month Hiatus

ANOTHER GOOD READ

DBN Launches Green Declaration To Mobilise Green Finance
News

DBN Launches Green Declaration To Mobilise Green Finance

21 hours ago
Unlocking Power Of Diaspora Remittances For Economic Growth
Business

Unlocking Power Of Diaspora Remittances For Economic Growth

22 hours ago
Experts Debunk Myths, Promote Facts At Immunisation Webinar
News

Experts Debunk Myths, Promote Facts At Immunisation Webinar

23 hours ago
JUST-IN: Tinubu Inaugurates New NNPCL Board
News

Tinubu Warns Developers Against Encroaching On Federal Gov’t Setbacks

1 day ago
NDLEA Removes Husband Approval Requirement for Visa Applications
News

NDLEA Busts Syndicate Sponsoring Pilgrims With Cocaine To Hajj

1 day ago
Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth
News

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

3 days ago
Next Post
cbn

CBN Sells Dollars To Banks After 5-Month Hiatus

Most Recent

5 Unicorns In 9 Years, Who Does That?

5 Unicorns In 9 Years, Who Does That?

June 2, 2025
Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

June 2, 2025
2026 World Cup Could Change Football Experience – Neymar

2026 World Cup Could Change Football Experience – Neymar

June 2, 2025
2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

June 2, 2025
NSF 2024: Team Delta Wins Women’s Football Gold

NSF 2024: Team Delta Wins Women’s Football Gold

June 2, 2025
As Experts Offer Solutions To Sustain Falling Food Prices

As Experts Offer Solutions To Sustain Falling Food Prices

June 2, 2025
Diversifying Investment Portfolio, Infrastructure Development Via Sovereign Sukuk

Diversifying Investment Portfolio, Infrastructure Development Via Sovereign Sukuk

June 2, 2025
Delta Govt Vows To Keep Investing In Tertiary Institutions

Delta Govt Vows To Keep Investing In Tertiary Institutions

June 2, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy