Tag: Organised Private Sector

Members of the organised private sector have cautioned against expecting private sector employers to automatically match the ₦100,000 minimum wage being adopted by some state governments.  The business groups said that while some large firms and thriving sectors of the economy could afford wages above ₦100,000, most SMEs were battling high operating costs, inflation, energy expenses and weak consumer demand. They warned that many small and medium-sized enterprises (SMEs) are already struggling under rising production costs and shrinking profit margins. The comments followed growing speculation over the possibility of a…