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The Nigeria Labour Congress and the Trade Union Congress’s middle-ground proposal of N615,000 national minimum wage is ambitious. But much more herculean is the likelihood of compliance by states and the private sector that struggled with the now outdated N30,000 benchmark, GLORIA NWAFOR report The agitation for a new national minimum wage, particularly…The Nigeria Labour Congress and the Trade Union Congress’s middle-ground proposal of N615,000 national minimum wage is ambitious.
A readymade indication is the First Quarter budget implementation report that painted a frightful picture. It states that some states fall below their projected revenue for the 2023 fiscal year based on their performance in the First Quarter. To run their budget, the affected states would depend on local or external borrowings, multilateral loans, FAAC, grants, and aids.
In the midst of all these, organised labour led by the Nigeria Labour Congress and the Trade Union Congress of Nigeria , proposed a new minimum wage of N615,000, arguing that anything below that amount would be considered a “starvation wage.” In other words, while workers deserve a fair wage that reflects the current economic realities, businesses also need to be able to sustainably pay their employees without compromising their operations.
Also, the unemployment rate as of the Third Quarter of 2018 was 23.1 per cent and rose to 33.3 per cent in Q4 of 2020, according to the National Bureau of Statistics . He said that the implication is that people, who are already faced with low purchasing power, would just adjust their priorities from what meets their nutritional requirements, to eating for sheer survival.
While there is more money for the state governors, there is also more money for the Federal Government as the 46 Ministers appointed by President Bola Tinubu are reportedly gulping N29.91 million monthly for payment of salaries. He argued that the removal of fuel subsidies, increases in taxes, and others are enough for the state governments to wake up to the existing realities of proffering timely solutions to the economic maladies that plunged the states and citizens into difficulties.
Another, among others, is how Nigerian senators illegally shared N218 million as “holidays” allowance with each serving senator receiving not less than N2 million as allowance before proceeding on vacation and payment of N2.9 billion on SUV cars for the Presidential Villa. Director-General of NECA, Adewale-Smatt Oyerinde, who fumed at the N615,000 wage floor by organised labour, could not disclose what the association, which is part of the tripartite committee on the employers’ side, pencilled down as the figure to be paid to workers as employers.
“The president has given a directive and he believes in a living wage and there is no moral justification that governors cannot pay, it shouldn’t come up at all,” he stated. The Peoples Redemption Party has cautioned the Federal Government against allowing the U.S or French government to relocate their military bases from the Sahel to Nigeria. Mr Muhammed Ishaq, the PRP National Publicity Secretary, said this in a statement in Abuja on Monday. Ishaq said that the relocation of these foreign military bases to…
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