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The Nigeria Governors’ Discussion board (NGF) has said that whereas a brand new minimal wage is important, a minimal wage of N60,000 is unsustainable and unfeasible.
This decision was reached after a gathering of the 36 governors on Friday, the place they deliberated on an acceptable minimal wage that state governments can afford, in response to protests by the Nigeria Labour Congress (NLC) and the Commerce Union Congress (TUC) demanding a rise above N60,000 to mirror the present financial realities within the nation.
This data was contained in an official assertion posted on the X (previously Twitter) account of Bayo Onanuga, the Particular Adviser on Info and Technique to President Bola Tinubu.
“All issues thought of, the NGF holds that the N60,000 minimal wage proposal just isn’t sustainable and can’t fly.
“It can merely imply that many states will spend all their FAAC allocations on simply paying salaries with nothing left for improvement functions. Actually, just a few states will find yourself borrowing to pay staff each month. We don’t assume this will likely be within the collective curiosity of the nation, together with staff,” the assertion learn partly.
In accordance with the Governors’ Discussion board, elevating the minimal wage to N60,000 has broader implications, together with essential changes for all employment cadres and pensioners.
The Discussion board emphasizes that any settlement reached shouldn’t be made swiftly however ought to be sustainable and real looking.
Moreover, the NGF urges all events, particularly labour unions, to contemplate all socioeconomic components and attempt for an settlement that’s sustainable, sturdy, and truthful to all segments of society with official claims to public assets.
What you need to know
The Nigeria Labour Congress (NLC) and the Commerce Union Congress (TUC) have repeatedly demanded a rise within the minimal wage from N30,000 over the previous yr.
The labour unions proposed a minimal wage of N494,000, citing this quantity as essential for a employee’s survival given the present financial realities of the nation.
Nonetheless, the federal authorities said that it couldn’t maintain this demand, saying it was unsustainable and would end in a N9.5 trillion invoice.
The Minister of Info and Nationwide Orientation, Mohammed Idris, reiterated that the federal authorities can’t afford to pay the proposed minimal wage of N494,000, as it might be unsustainable.
In response to the federal government’s stance, the commerce unions launched into a nationwide strike on Monday, June 3, 2024, demanding a rise within the minimal wage and a discount within the just lately elevated electrical energy tariffs.
The strike noticed widespread compliance, bringing the nation to a standstill with ministries, departments, and businesses of the federal government, in addition to public services akin to airports and seaports, shut down.
Later that Monday night, the federal authorities met with the labour unions, and a decision was reached the place the federal government agreed to a minimal wage of above N60,000.
Consequently, the labour unions suspended the strike on Tuesday for 5 days, pending a remaining settlement between the commerce unions and the federal government relating to the minimal wage.
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