SUBSIDY: Zulum gives NLC N2 billion for workers’ loan, raises gratuity pay to N2.4 billion annually
HeraldersTimes News Update
SUBSIDY: Zulum gives NLC N2 billion for workers’ loan, raises gratuity pay to N2.4 billion annually
Zakari Isah, Kaduna
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To cushion the effects of fuel subsidy removal, Governor Babagana Umara Zulum on Tuesday presented a cheque of two billion naira (N2b) to the Nigerian Labour Congress, NLC, in Borno State for disbursement of interest-free loans to eligible workers with repayment period of 24 months.
The presentation took place after a meeting between the governor and officials of the NLC led by the labour chairman in Borno State, Comrade Yusuf Inuwa.
The meeting took place at the council chambers of the Government House in Maiduguri.
Zulum asked the NLC to complete talks with state’s ministry of finance to determine category of workers to be entitled to the loans as well as the loan recovery through monthly deductions of not more than one third of salaries.
The governor also announced 100% increase in monthly releases for payment
