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Home Economy And Business

BREAKING: Nigeria Governors Forum Propose To Pay N57,000 Minimum Wage

The governors declared that they would not pay anything more than N57,000.

by NewsOnline Nigeria
June 8, 2024
in Economy And Business, Headline
0
Minimum Wage Panels

State Governors

Nigeria Governors Forum has proposed to pay N57,000 Minimum Wage.

 

NewsOnline Nigeria reports that the 36 State governors have reportedly rejected the ₦62,000 new national minimum wage proposed by the federal government.

 

The governors declared that they would not pay anything more than N57,000.

 

Recall that the Federal Government had increased its new national minimum wage offer from ₦60,000 to ₦62,000.

 

ALSO: PSC Appoints Abukakar DIG, Promotes 122 Senior Officers (FULL LIST)

On the other hand, organised labour has also reduced its demand from ₦494,000 to ₦250,000.

 

However, findings by Punch have indicated that while the Federal Government may be ready to accept ₦65,000 as the new minimum wage, governors and the organised private sector insist that any figure above ₦57,000 may not be sustainable.

 

According to insiders, the governors’ major argument is that the states would be left with nothing for developmental projects if they accepted a minimum wage above ₦57,000, as they would have to pay a large chunk of their resources as wages to workers.

 

Recall that on Friday, the governors said that the earlier N60,000 minimum wage proposal by the Federal Government is not sustainable and cannot fly.

 

The governors appealed to members of the tripartite committee to agree on a minimum wage that would be fair and sustainable.

 

Meanwhile, NewsOnline Nigeria reports that organised labour might resume their nationwide indefinite strike after negotiations over the national minimum wage ended in a deadlock yesterday.

 

After calling off the strike on Tuesday, the president of the Nigerian Labour Congress (NLC), Joe Ajaero threatened that if the government fails to meet their demands within five days, then they will resume the industrial action.

 

The Tripartite Committee on New National Minimum Wage, NNMW, has adjourned the meeting.

 

According to a source, “there was disagreement on the amount. The government offered N62,000 but Labour is now demanding N250,000. The report is to be communicated to the president for further deliberations.”

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