Breaking News

Minimum wage: FG presses for N62,000 pay amid resistance from Labour


Minimum wage: FG presses for N62,000 pay amid resistance from Labour

By: Adisa Deborah


The Federal Government and the Association of Local Governments of Nigeria (ALGON) have fought over the Federal Government’s planned minimum salary of N62,000, which has concerned both the Presidency and the FG.


Bayo Onanuga, President Bola Tinubu’s Special Adviser on Information and Strategy, criticized the Nigeria Labour Congress and Trade Union Congress for prioritizing their members’ interests, claiming that resources meant for all Nigerians cannot be allocated to a small percentage of the population. He noted that many Nigerians work for themselves or in the private sector and are unaffected by government demands.


On Democracy Day, Tinubu declared that an executive bill on the new national minimum wage for workers would be submitted to the National Assembly. The measure, which has been debated with the private sector, is scheduled to be sent after the Sallah break. Labor must reassess its decision and be pragmatic.


According to a presidential media assistant, the federal government may not meet with Labour leaders again until significant improvements occur. The current minimum wage figure has been agreed upon by the business sector, NECA, and NACIMMA, and the government must ensure that state and local governments can pay it.


The Federal Government’s tripartite committee, chaired by Bukar Aji, has encouraged labor unions to reconsider their salary demands following their recent travel to Geneva for the International Labour Organization conference, according to NAN.


The Federal Government is providing incentives to small and medium-sized businesses, including N100 billion for gas-powered buses and kit conversions, a N125 billion conditional grant, and financial inclusion. These policies are intended to minimize the consequences of the elimination of petrol subsidies while also boosting agricultural production, manufacturing, and student loans.


Total Page Visits: 304 - Today Page Visits: 2

Comment here