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The Federal Government has urged organized Labour to weigh the broader economic impacts of demanding a significantly higher national minimum wage, warning that such demands could result in widespread job losses.
Minister of Information and National Orientation, Mohammed Idris, voiced concerns over the Labour unions' call for a N250,000 minimum wage, suggesting it could destabilize the economy and lead to mass retrenchments, jeopardizing the well-being of millions of Nigerians. This warning comes amid Labour's denial of any agreement on the new minimum wage, contrary to President Bola Tinubu's recent claims.
During his Democracy Day address, President Tinubu asserted that his administration had reached an understanding with Labour on the new wage structure, promising to soon submit an executive bill to the National Assembly. However, acting NLC President Prince Adewale Adeyanju refuted this, clarifying that no agreement had been finalized by the Tripartite Committee as of June 7.
The Labour unions have remained steadfast in their demand for a N250,000 minimum wage, dismissing the Federal Government and Organised Private Sector's offer of N62,000 as insufficient. The state governors, meanwhile, have indicated they cannot support a minimum wage exceeding N60,000.
Idris emphasized the need for a sustainable wage system that avoids economic disruption, noting the government's ongoing initiatives to mitigate living costs, such as the Presidential Compressed Natural Gas programme aimed at halving transportation expenses.
Addressing the Charismatic Bishops Conference of Nigeria in Abuja, Idris called on religious leaders to help raise awareness about government efforts and policies designed to enhance citizens' economic prospects under the President’s Renewed Hope Agenda.
Despite the ongoing negotiations, Labour leaders expressed dissatisfaction with the government's offers, with NLC's Chris Onyeka and President Joe Ajaero rejecting the latest proposals as inadequate. Ajaero underscored Labour's anticipation for the President to consider their proposal, advocating for a 'living wage' rather than what they deem a 'starvation wage.'
The Labour unions also accused the government of intimidating their leaders during negotiations. They urged President Tinubu to resist advice from those who may undermine his promise to uplift Nigerian workers, reaffirming their commitment to a fair and equitable wage system.
Adding to the complexity, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture confirmed that no consensus had been reached, stressing the need for continued efforts to resolve the impasse and ensure business stability.
The ongoing minimum wage debate continues to be a contentious issue, with the potential for significant economic and social repercussions if not adequately resolved.
