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Reading: JUST IN: ₦60,000 Minimum Wage Too High, Unrealistic —Says Governor’s Forum
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JUST IN: ₦60,000 Minimum Wage Too High, Unrealistic —Says Governor’s Forum

Opeyemi Rasheed
Opeyemi Rasheed
2 years ago
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The 36 Nigerian state Governors under the umbrella of the Nigeria Governors Forum (NGF) have said that the N60,000 minimum wage proposal was unrealistic and sustainable, too high and as such can not fly.

NGF stressed that many state governments would spend their entire allocation to pay salaries while there would be nothing left for developmental projects if the proposal is implemented.

This was disclosed by the Director of Media and Public Affairs (NGF), Hajiya Halimah Salihu Ahmed, in a statement on Friday, June 7, 2024.

Recall the Nigeria Labour Congress (NLC) and the Trade Union Congress (TCN) embarked on an industrial action on Monday, June 3, 2024, after rejecting the Federal Government’s offer of ₦60,000 minimum wage.

However, the strike was suspended on Tuesday after the labor unions extracted the commitment of President Bola Tinubu that the offer would be upwardly reviewed with a deadline of one week.

Governors says ₦60,000 unaffordable
However, the governors have argued that even the Federal Government proposal is not realistic and many states will be forced to borrow to pay workers’ salaries if implemented.

“The Nigeria Governors’ Forum (NGF) agrees that a new minimum wage is due. The Forum also sympathizes with labor 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 can not fly. It will simply mean that many states will spend all their FAAC allocations on just paying salaries with nothing left for development purposes.

“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.

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


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TAGGED:60000 minimum wagesHeritage Echo NewsHeritageecho.comNGFOyo GovtOYSGSays Govenor's ForumToo HighUnrealistic
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