Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

FG disburses ₦13b interest-free loans to 7,450 staff across 153 tertiary institutions

June 19, 2026

Insecurity: FG urges media to take terrorists off front pages

June 19, 2026

Tax laws: FG issues implementation guidelines for taxpayers, revenue agencies

June 19, 2026
Facebook X (Twitter) Instagram
Trending
  • FG disburses ₦13b interest-free loans to 7,450 staff across 153 tertiary institutions
  • Insecurity: FG urges media to take terrorists off front pages
  • Tax laws: FG issues implementation guidelines for taxpayers, revenue agencies
  • UAE Becomes First Arab Nation to Ban Social Media Accounts for Under-15s
  • IPOB suspends Nnamdi Kanu over ‘unguarded utterances’
  • Moscow refinery ablaze as Ukraine launches biggest attack on Russian capital in years
  • FAAC: FG, states, LGAs shared N2.3trn in May
  • FG Launches FreeTV With Over 100 Free Channels, Unveils New Era Of Digital Broadcasting
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Government»Minimum wage: Accept offer that won’t lead to job losses, FG tells labour
Government

Minimum wage: Accept offer that won’t lead to job losses, FG tells labour

VardiafricaBy VardiafricaJune 13, 2024Updated:June 13, 2024No Comments4 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Federal Government on Wednesday admonished organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage.

Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by labour could undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of Nigerians.

However, the labour unions refuted President Bola Tinubu’s claims during his Democracy Day broadcast on Wednesday that an agreement had been reached on the new national minimum wage.

Acting President of the Nigeria Labour Congress, Adewale Adeyanju, said as of the time negotiations ended on June 7, no agreement had been reached by the Tripartite Committee on the National Minimum Wage.

Adeyanju is acting on behalf of the NLC president, Joe Ajaero,  who is attending an International Labour Organization conference in Geneva, Switzerland.

Tinubu drew the ire of the unions after stating that his administration would soon submit an executive bill to the National Assembly to codify the agreements reached in the minimum wage negotiations between Labour, the private sector, the states and the Federal Government.

The parties had engaged in prolonged talks for weeks with the unions insisting on N250,000 minimum wage while the Federal Government and the Organised Private Sector offered N62,000.

However, the state governors said they would not be able to sustain any minimum wage higher than N60,000.

Dismissing the offers made by the Federal Government and the OPS, the labour unions said they would not negotiate what they described as ‘starvation wage.’

N62,000 not acceptable

The Assistant General Secretary of the NLC, Chris Onyeka, said Labour would not accept the latest offer of N62,000 and the N100,000 proposal made by some individuals and economists.

This was as the NLC President, Joe Ajaero, said the unionists were waiting on the President to consider Labour’s proposal.

But speaking at the opening of the 2024 Synod of the Charismatic Bishops Conference of Nigeria in Abuja on Wednesday, the information minister emphasised the imperative of a realistic wage system that safeguards against mass retrenchment while addressing workers’ needs.

Idris restated the government’s dedication to reassessing the minimum wage but cautioned against demands that could disrupt the economy.

He highlighted the ongoing efforts to alleviate the cost of living, citing initiatives like the Presidential Compressed Natural Gas programme aimed at reducing transportation expenses by 50 per cent.

 While advocating wage increases, Idris stressed the importance of holistic relief measures beyond salary adjustments, urging Labour to recognise the significance of programmes like the CNG initiative in enhancing citizens’ purchasing power.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

FAAC: FG, states, LGAs shared N2.3trn in May

June 18, 2026

CBN Orders Banks, Fintechs to Disclose Beneficial Owners, Localise Payments Data by 2027

June 17, 2026

Senate Suspends Recess, Summons Emergency Session Over Insecurity

June 17, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025237

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202496

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202550
Don't Miss
Education
Education By VardiafricaJune 19, 20263 Mins Read3

FG disburses ₦13b interest-free loans to 7,450 staff across 153 tertiary institutions

By VardiafricaJune 19, 20263 Education Updated:June 19, 202603 Mins Read

The federal government has disbursed about N13 billion worth of interest-free loans to 7,450 academic…

Insecurity: FG urges media to take terrorists off front pages

June 19, 2026

Tax laws: FG issues implementation guidelines for taxpayers, revenue agencies

June 19, 2026

UAE Becomes First Arab Nation to Ban Social Media Accounts for Under-15s

June 19, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

FG disburses ₦13b interest-free loans to 7,450 staff across 153 tertiary institutions

June 19, 2026

Insecurity: FG urges media to take terrorists off front pages

June 19, 2026

Tax laws: FG issues implementation guidelines for taxpayers, revenue agencies

June 19, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025237

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202496

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202453

Type above and press Enter to search. Press Esc to cancel.