THE Director-General of the Nigeria Employers Consultative Association, NECA, Adewale Oyerinde, has warned that any approval of new national minimum wage that is above N62,000 the government and organised private sector agreed upon, will cause crisis and lead to job loses.
The NECA DG stated this while speaking to journalists on the sidelines of the Third Nigeria’ Employers Summit on “Economic Renaissance Harnessing Government Reforms and Private Sector Agility,” in Abuja on Tuesday.Asked whether he was satisfied with the waiting game on the national minimum wage, he said, “There’s no waiting game and I think we have to put all this in context. And all this misinformation, I think we are just creating unnecessary tension.
“Labour cannot contest it. It is the sovereign that should pick a figure, then pass it to the National Assembly to go through a legislative process. That process, we can only advocate for it to be fast-tracked. “It’s not a part of the issues we had. The House wants to legislate on CSR to make it compulsory. It is corporate social responsibility for God’s sake.
“That is one. Because if I cannot pay, I just can’t pay. Now, you have created a problem for the judiciary. Because all employees that are not satisfied, they have the right, according to the Act, to go to the National Industrial Court.
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