New Minimum Wage: Tinubu Appeals to Organised Labour

mohammed idris

The Nigeria’s government has taken its stand as NLC, TUC embarks on nation wide strike.

There is wide discrepancy as the Nigeria Labour Congress and Trade Union Congress stick to N494,000 minimum wage against Federal Government N60,000 proposal.

According to Idris, the new minimum wage of N494,000 being proposed by the organised Labour is unsustainable and may wreck the present administration.

“The sum of N494,000 national minimum wage being demanded by organized labour, which cumulatively amounts to the sum of N9.5 trillion bill, is capable of destabilizing the economy and jeopardizing the welfare of over 200 million Nigerians.”

The statement by Rabiu Ibrahim, the Special Assistant (Media) to the Minister of Information and National Orientation, Mohammed Idris read in part

Labours’ N494,000 minimum wage demand amounts to N9.5 trillion yearly, but unsustainable – FG

The Minister of Information and National Orientation, Mohammed Idris, has said the sum of N494,000 national minimum wage being demanded by organized labour, which cumulatively amounts to the sum of N9.5 trillion bill, is capable of destabilizing the economy and jeopardizing the welfare of over 200 million Nigerians.

New Minimum Wage

He said the offer of N60,000 minimum wage by the Federal Government, which translates to a 100% increase on the existing minimum wage of 2019, has been accepted by the organized private sector, which is a member of the tripartite committee of the negotiations team.

“The Federal Government’s New Minimum Wage proposal amounts to a 100% increase on the existing minimum wage 2019. Labour, however, wanted N494,000, which would increase by 1,547% on the existing wage.

“The sum of N494,000 national minimum wage which Labour is seeking would cumulatively amount to the sum N9.5 trillion bill to the Federal Government of Nigeria.

“Nigerians need to understand that whereas the FG is desirous of ample remuneration for Nigerian workers, what is most critical is that President Bola Ahmed Tinubu will not encourage any action that could lead to massive job loss, especially in the private sector, who may not be able to pay the wage demanded by the Organised Labour,” he said.

The Minister said even though Labour is keen on the take-home pay of about 1.2 million workers, the Federal Government is concerned with the welfare of over 200 million Nigerians based on its Guiding Principle of Affordability, Sustainability, and the overall health of the nation’s economy.

Idris appealed to the Organised Labour to return to the negotiating table and embrace reasonable and realistic wages for their members.

He said because of the commitment of the Tinubu administration to the welfare of workers, the wage award of 35,000 for Federal workers would continue until a new national minimum wage is introduced.

Economic Development

The Tinubu-APC led government in Nigeria over the past one year has brought more hardship to people.

His economic policies are not yielding proportionality against the expectation of many.

The Nigeria Labour Congress demand of N494,000 as new minimum wage, if implemented will enable Nigerians live up to the reality of the current economic situation.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover more from Felix Omoko's Blog

Subscribe now to keep reading and get access to the full archive.

Continue reading