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    Governors reject N60,000 minimum wage proposal, say it is not sustainable

    Vincent OsuwoBy Vincent OsuwoJune 7, 2024No Comments2 Mins Read
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    NLC threatens to shut down Abuja after July 3 over unpaid wages
    Nigeria Labour Congress (NLC)
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    Governors under the auspices of the Nigeria Governors Forum (NGF) have rejected the proposed N60,000 minimum wage for Nigerian workers. 

    The governors noted in a statement issued on Friday by Halimah Ahmed, NGF’s Director of Media and Public Affairs, that the proposed minimum wage is too high and unsustainable.

    The NGF voiced concern that if the N60,000 minimum wage is implemented, many states may use their entire Federal Account Allocation Committee allocations for salaries, leaving no funds for development projects.

    The statement read in part, “The Nigeria Governors’ Forum is in agreement that a new minimum wage is due. The Forum also sympathises with labour unions in their push for higher wages.

    “However, the Forum urges all parties to consider the fact that the minimum wage negotiations also involve consequential adjustments across all cadres, including pensioners.

    “The NGF cautions parties in this important discussion to look beyond just signing a document for the sake of it; any agreement to be signed should be sustainable and realistic.

    “All things considered, the NGF holds that the N60,000 minimum wage proposal is not sustainable and cannot fly.

    “It will simply mean that many states will spend all their FAAC allocations on just paying salaries, with nothing left for development purposes.

    “In fact, a few states will end up borrowing to pay workers every month. We do not think this will be in the collective interest of the country, including workers.”

    The NGF asked all parties involved in the bargaining process, particularly labour unions, to consider all socioeconomic aspects and create a durable accord.

    It stated, “We appeal that all parties involved, especially the labour unions, consider all the socioeconomic variables and settle for an agreement that is sustainable, durable, and fair to all other segments of society who have a legitimate claim to public resources.”

    The organised labour had sworn to reject any modest increase to the N60,000 offer made by the tripartite committee on the new minimum wage.

    Festus Osifo, President of the Trade Union Congress, repeated his position during an appearance on Channels Television’s Politics Today.

    The TUC and the Nigeria Labour Congress (NLC) have postponed their industrial action, which began on Monday, after reaching an agreement with the Federal Government.

    The administration told them that President Bola Tinubu is dedicated to a greater minimum wage than the N60,000 previously proposed.

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    Rasheed Ladoja: 10 things to know about the incoming 44th Olubadan of Ibadanland

    Rasheed Ladoja: 10 things to know about the incoming 44th Olubadan of Ibadan

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