The Minister of Information and National Orientation, Mohammed Idris, has said the sum of N494,000 national minimum wage being demanded by organized labour, which cumulatively amounts to the sum of N9.5tn, is capable of destabilizing the economy and jeopardizing the welfare of over 200 million Nigerians.....Read The Full Story Here ▶
Idris stated this in Abuja in response to the threat by the organized labor to embark on strike if their demands were not met.
He said the offer of N60,000 minimum wage by the Federal Government, which translates to a 100 per cent increase on the existing minimum wage of 2019, has been accepted by the organized private sector, which is a member of the tripartite committee of the negotiations team.
“The Federal Government’s New Minimum Wage proposal amounts to a 100 per cent increase on the existing minimum wage 2019. Labour, however, wanted N494,000, which would increase by 1,547 per cent on the existing wage.