The Federal Government had declared Wednesday, May 1st, 2024, as a public holiday to mark this year’s Workers’ Day.

Nigeria’s Minister of Interior Olubunmi Tunji-Ojo made the declaration, according to the ministry’s Permanent Secretary Aishetu Ndayako.

“The Federal Government has declared Wednesday, 1st May 2024 as a Public Holiday to commemorate this year’s Workers’ Day Celebration,” Aishetu said in a statement on Tuesday, April 30.

“In alignment with this year’s theme, which focuses on ensuring safety and health at work in a changing climate, I wish to state that the Federal Government remains steadfast in its resolve to prioritise the safety and well-being of all citizens,” the minister said.

“Let me reaffirm Mr. President’s commitment to providing a conducive environment for work, where every worker can thrive and contribute meaningfully to national development”.

The minister, who acknowledged the contribution of workers, called for more measures to mitigate the adverse effects of climate change through synergy.

“The Minister also urged Nigerians to remain committed to the present administration’s Renewed Hope Agenda as he wishes workers a happy celebration,” the statement read.

The Minister of Power, Adebayo Adelabu, has warned that there would be a total blackout in the country in the next three months if the proposed electricity tariff hike is not implemented.

The minister gave the warning in Abuja when he appeared before the Senate Committee on Power at an investigative hearing over the recent electricity tariff hike by the Nigerian Electricity Regulatory Commission (NERC)on Monday, April 29.

In his words

“The entire sector will be grounded if we don’t increase the tariff. With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariffs. The increment will catapult us to the next level. We are also Nigerians, we are also feeling the impact.”

He said the sum of $10 billion is needed yearly for the next ten years to revive the nation’s power sector and nip in the bud the challenges bedevilling it.

“For this sector to be revived, the government needs to spend nothing less than 10 billion dollars annually in the next 10 years.

“This is because of the infrastructure requirement for the stability of the sector. But the government cannot afford that. And so we must make this sector attractive to investors and to lenders. So, for us to attract investors and investment, we must make the sector attractive, and the only way it can be made attractive is that there must be commercial pricing.

“If the value is still at N66 and the government is not paying subsidy, the investors will not come. But now that we have increased the tariff for A Band, there are interests being shown by investors,” he said.

Adelabu said the inability of the government to pay outstanding N2.9 trillion subsidy was due to limited resources, hence the need to evolve measures to sustain the sector.

News reaching us is that fuel Prices have gone up ranging up to ₦800 to ₦1000 and above per litre in different states.

The price increase is also as a result of fuel scarcity which has set in. It is believed that some fuel stations are currently hoarding fuel.

Motorists are queuing up in large numbers at filling stations across Kano State struggling to buy petrol that is now selling at over N1,000 per litre.

One Mr Ibrahim said filling stations in the metropolis were charging as high as N1,000 as of Monday morning, adding that he bought the product over the weekend at prices ranging between N950 and N920 before the price skyrocketed on Monday.

The fuel scarcity has also touched Abuja and even Lagos.