According to Mohammed Idris, Minister of Information and National Orientation, organized labor is demanding a national minimum Wage of N494,000, which adds up to the…
According to Mohammed Idris, Minister of Information and National Orientation, organized labor’s demands for a national minimum salary of N494,000, which adds up to N9.5 trillion, would cause economic instability and imperil the well-being of more than 200 million Nigerians.
Minimum Wage: Workers’ Demand
The Federal Government’s offer of an N60,000 minimum pay, which is a 100% increase over the current minimum wage, has been accepted by the organized private sector, according to a announcement under the signature of Rabiu Ibrahim, his specialized staff member (the news media).
the prime minister of National Development and Understanding, According to Mohammed Idris, organized labor’s demands for a national minimum salary of N494,000, which adds up to a total of N9.5 trillion, would cause economic instability and imperil the well-being of more than 200 million Nigerians.
The Federal Government’s offer of an N60,000 minimum pay, which is a 100% increase over the current minimum wage, has been accepted by the organized private sector, according to a proclamation with Rabiu Ibrahim’s signature as his designated special assistant (Media).
Nigerians must realize that while the Federal Government (FG) wants to see large compensation for Nigerian laborers, what matters most is that President Bola Ahmed Tinubu will not support any policies that could result in a significant loss of jobs, particularly for those in the private sector who might not be as well-off. Capable of meeting the wage that organized labor is demanding,” he stated.
Idris claims that although the Federal Government was focused on the wellbeing of over 200 million Nigerians due to its Guiding Principles of Affordability, Sustainability, and the general state of the country’s economy, Labour was more interested in the take-home pay of roughly 1.2 million workers.
He urged organized labor to go back to the bargaining table and concede that their members should be paid a living wage.
He noted that until a new national minimum wage is established, the salary award of $35,000 for federal workers will remain in place due to the federal government’s commitment to the welfare of its workforce.
