Labour rejects new N100,000 minimum wage proposal

-

 

The Nigeria Labour Congress (NLC) has rejected the N100,000 proposed as the new minimum wage by the Nigeria Governors’ Forum.

They insist that a realistic living wage under the current economic conditions should be as high as N1m.

The NLC spokesperson, Benson Upah, stated this in an interview with Punch on Sunday.

His reaction followed comments by the NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq, who disclosed that governors were considering a new national minimum wage of N100,000.

AbdulRazaq, speaking during the Sallah homage to President Bola Tinubu in Lagos, said governors were already engaging the Federal Government and organised labour to arrive at a wage structure that balances workers’ welfare with fiscal sustainability.

In a Facebook post on Saturday, the governor added that the proposal was informed by rising inflation, increasing living costs and the growing financial burden on Nigerian workers.

Reacting to the proposal, Upah said that although the governors’ consideration of a wage review was commendable, N100,000 was significantly below what workers required to cope with current economic realities.

“We consider it thoughtful of the Kwara State Governor for proposing this, but certainly, N100,000 falls far below or behind the realistic figure,” he said.

The labour leader cited the continued depreciation of the naira, rising inflation, increase in electricity tariffs, higher fuel prices, declining purchasing power and the impact of new tax measures as factors making a substantially higher wage necessary.

“Given the realities around the exchange rate, inflation, raised tariffs, surge in the pump price of petrol and associated costs, decline in the purchasing power of the average worker, effects of the new regime of taxes on our cost of living, the realistic figure, subject to status quo maintenance, would be N1m,” he stated.

Comments

Post a Comment

Popular posts from this blog

Abuja Residents File A Law Suit To Stop Tinubu’s Swearing In On May 29

-
Image
    ABUJA – With barely 17 days to the scheduled swearing in of the President-elect, Asiwaju Bola Tinubu, five residents of the Federal Capital Territory, FCT, Abuja, have approached the Abuja Division of the Federal High Court for an order to halt the ceremony. The plaintiffs, in the suit marked: FHC/ABJ/CS/578/2023, applied for an order, restraining the Chief Justice of Nigeria, Justice Olukayode Ariwoola, any other judicial officer and/or any other authority or person from swearing in any candidate in the February 25 presidential election as President or Vice-President of the Federal Republic of Nigeria, until it is judicially determined with finality or in accordance with the provisions of the Constitution that such candidate has fulfilled the requirement of Section 134(2) (b) of the Constitution. They further want a declaration that, “ the plaintiffs and other FCT residents have a legal interest and constitutional rights to be heard on the question of whether...
Read more

Full Text Of Omoyele Sowore's Acceptance Speech As AAC Presidential Candidate

-
Image
  Omoyele Sowore @sowore THE SPEECH OF HISTORY! AAC! Take It Back! Take It Back!! Action!!! No Going Back! Firstly, I want to thank you all for turning out en masse for this historic event. Leaders and members of the party, and every well-meaning Nigerian who took time out to be here today. If you are present in this hall, it is because you truly love Nigeria and believe in the revolutionary process we preach as the only path to a better society. I greet you all — not like the other guys who say “fellow Nigerians” when what they actually mean is their fellow crooks who have brought us to the sorry state we are in today. I stand before you today, accepting the confidence you have bestowed upon me, with clenched fists of solidarity. Everyone here represents the spirit of the oppressed masses gathered in every shanty, village, and town across the length and breadth of this country — from Badagry to Bakassi, Baga to Balle, and Gumel to Bonny. Yes, we represent all the oppressed people ...
Read more

I’m waiting for government approval to dislodge terrorists from South-West – Sunday Igboho

-
Image
  Yoruba nation activist, Sunday Adeyemo, aka Sunday Igboho, says he is waiting for the approval of the Federal Government to dislodge terrorists and other criminals from the South-West.   Igboho said his security outfit, Iru Ekun Security Network, is ready to begin operations to flush terrorists and other criminal elements out of forests across the South-West.   Igboho disclosed this in a statement on Monday, May 25.   He said that all required documentation and procedural prerequisites for the approval of Iru Ekun Security Network had already been submitted to the Federal Government.   He also said that he would comply fully with the Executive Order recently issued by the Oyo State Government, which regulates the activities of private security organisations operating within the state.   Igboho said: “We have submitted all the required documents for our registered security firm, Iru Ekun Security Network, and are only waiting for the Federal Government app...
Read more