Tag: MINIMUM WAGE

?’Any amount above N62,000 as minimum wage will create job losses’ – NECA

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NECA on minimum wage

The Nigeria Employers Consultative Association, (NECA) says any amount above N62,000 approved as a minimum will create job losses. Its Director-General, Adewale-Smatt Oyerinde, said this while speaking with journalists on Tuesday. in Abuja, on the sidelines of the third edition of the Nigeria’ Employers Summit, with the theme, “Economic Renaissance: Harnessing Government Reforms and Private Sector Agility”. Oyerinde said that the organised private sector cannot afford above the N62,000 as agreed during the tripartite committee negotiation meetings. According to him, any figure above N62,000 will create two different dynamics –…

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‘Minimum wage Bill must uphold workers’ right to living wage’ – SERAP to Tinubu

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SERAP Tinubu

President Bola Ahmed Tinubu has been called upon to ensure that his government’s proposed Bill on a new minimum wage for Nigerian workers is entirely consistent and compatible with Nigeria’s international obligations to promote and advance the right of workers to an adequate living wage. The call was made by rights group, Socio-Economic Rights and Accountability Project, (SERAP), through a statement issued by its Deputy Director, Kolawole Oluwadare. Recall that President Tinubu had in his Democracy Day Speech on June 12 stated, “We shall soon send an Executive Bill to…

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Minimum wage: FG warns of mass sacking, as Labour disowns agreement

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FG on minimum wage

The Federal Government admonished Organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage. The Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by Labour could undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of Nigerians. However, the labour unions refuted President Bola Tinubu’s claims during his Democracy Day broadcast on Wednesday that an agreement had been reached on the new national minimum wage. Acting…

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Minimum Wage: “We’ll pay what we can, not what Labour demands” – Tinubu

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Asiwaju on mininum wage

President Bola Tinubu says the Federal Government will not create problems for itself by trying to pay unrealistic and unsustainable minimum wage. Speaking on Wednesday night at the State House, Abuja, during a meeting with some governors and members of the National Assembly, Tinubu said the Federal Government will pay a minimum wage it can afford. Recall that PresidentTinubu, in a nationwide broadcast on the occasion of the nation’s 25th Democracy Day anniversary earlier on Wednesday, had disclosed that the Federal Government has negotiated with Organised Labour “in good faith…

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June 12 address: “I risked my life for democracy” – Tinubu

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Tinunu on June 12

…No agreement on new minimum wage yet” – NLC President Bola Ahmed Tinubu has said he was among those who took the risk to midwife the birth of democracy in the country. Tinubu, who stated this while addressing Nigerians in a nationwide broadcast yesterday, as part of programmes to mark the 2024 Democracy Day, added that he is now a direct and obvious beneficiary of the fruits of those historic efforts. The President noted that the Federal Government and Organised Labour engaged in constructive negotiation on the new minimum wage.…

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Minimum Wage: “We are not going on strike” – NLC

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Ajaero Tinubu

President of the Nigeria Labour Congress (NLC), Joe Ajaero, has declared that Organised Labour would not go on strike tomorrow regarding the current new minimum wage dispute with the Government. The NLC president made the decision known while speaking yesterday at the International Labour Conference taking place in Geneva, Switzerland. ?Giving the reason for the decision, Ajaero said Labour would not go on strike yet because the figures are currently on the table of President Bola Tinubu and a feedback is being expected.?Citing examples of previous administrations, Ajaero said it…

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Minimum Wage: “Let every Governor decide for his State” – Okupe

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Doyin Okupe

A former presidential aide, Doyin Okupe, has faulted the National Minimum Wage Act which mandates governors of all the 36 States to pay a uniform minimum wage to the workers in their various States. Okupe, who was a guest on a television programme on Friday, said all governors should be allowed to decide on their own the amount they can pay. He said, “We should not make laws that is un-encompassing, which makes it compulsory for all governors in the federation to obey them. They are sub-nationalities on the own.…

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??Minimum Wage: “You know economic saboteurs; they occupy corridors of power” - Labour to SGF

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Labour to SGF

The Nigeria Labour Congress, (NLC), has said the Secretary to the Government of the Federation (SGF) should not call Labour’s actions felony or economic saboteurs, saying the real culprits are known to the SGF. The NLC, in response to a recent statement credited to the SGF, expressed “disappointment and strong condemnation of the recent comments made by the SGF regarding the nationwide strike embarked upon by the NLC and the Trade Union Congress, (TUC). “The demands of the NLC and TUC are clear and just. We seek the conclusion and…

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‘N60, 000 minimum wage not sustainable’ – Nigerian Governors Forum

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Governors Forum

Governors, under the aegis of the Nigerian Governors Forum, (NGF), say the N60,000 minimum wage for workers is not sustainable. In a statement issued yesterday by its Director of Media and Public Affairs for NGF,  Halimah Salihu Ahmed, the Governors said the proposed minimum wage of N60,000 “cannot fly”. The Governors said many State governments would spend their entire allocation paying salaries, noting that there would be nothing left for developmental purposes. The statement read in part: “The Forum urges all parties to consider the fact that the minimum wage…

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Minimum Wage: “I can’t afford to pay my drivers N100,000 monthly”-  Akume

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George Akume

Nigerians have slammed the Secretary to the Government of the Federation, (SGF), George Akume, arguing that he can easily afford to pay his drivers a minimum wage of N100,000. Recall that, Akume disclosed that he couldn’t pay his drivers the proposed minimum wage due to financial difficulties. In response, many Nigerians took to social media to express their disbelief and discontent, asserting that Akume has the means to pay his drivers the proposed minimum wage. On Facebook, Olorunfemi Kehinde Aba commented: “That’s not true; Baba Akume, you can pay this…

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