Labour - Abia ThinkTank News

Jun

17

2024

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By Abia ThinkTank

Why Labour Should Review Stance On Minimum Wage – Committee

Columns/Opinions/Letters, Economy, Labour, News Flash

Why Labour Should Review Stance On Minimum Wage — Committee The Tripartite Committee on National Minimum Wage has given reasons why organised labour should rethink the amount it demands as minimum wage. The chairman of the committee, Goni Aji, in Abuja on Sunday said that the labour should reconsider its stance based on economic considerations and non-monetary incentives which the Federal Government had so far provided for workers. He listed such incentives to include the N35,000 wage award for all treasury-paid federal workers, N100 billion for the procurement of gas-fuelled busses and conversion to gas kits. Others include the N125…

Jun

14

2024

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By Abia ThinkTank

Minimum Wage: FG Warns Of Mass Sacking As Labour Disowns Agreement

Columns/Opinions/Letters, FGN, Labour, News Flash

Minimum wage: FG warns of mass sacking as Labour disowns agreement The Federal Government on Wednesday admonished organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage. The 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…

Jun

14

2024

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By Abia ThinkTank

Minimum Wage: I’ll Approve What Nigeria Can Afford – President Tinubu

Economy, Labour, News Flash

Minimum wage: I’ll approve what Nigeria can afford – Tinubu President Bola Tinubu has said that he would approve a new minimum wage that the government can afford. The President said this on Wednesday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja. Tinubu thanked those who stood by him over the years, promising Nigerians that he won’t depart from the tenets of democratic governance. “I have to celebrate with you my dear brother, Senate President, Deputy Senate President,” he said, adding that Senate President Godswill Akpabio and his deputy, Jibrin Barau would soon get an…

Jun

14

2024

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By Abia ThinkTank

Don’t Approve ‘Unsustainable’ Minimum Wage – Soludo Warns Tinubu

FGN, Labour, News Flash

Don’t Approved ‘Unsustainable’ Minimum Wage – Soludo Warns Tinubu Governor Chukwuma Soludo of Anambra state has warned President Bola Tinubu against approving “unsustainable” minimum wage for workers in the country. Speaking on Wednesday at a special edition of The Platform, an event organized by The Covenant Nation to promote national development, Soludo delved into the complexities of the minimum wage debate and its broader economic implications. The former Governor of the Central Bank of Nigeria (CBN) warned that not all state governments and the Organised Private Sector can pay the ₦62,000 being proposed by the Federal Government and the ₦250,000…

Jun

13

2024

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By Abia ThinkTank

NLC Denies Reaching Minimum Wage Agreement With Tinubu

Abuja, Columns/Opinions/Letters, Labour, News Flash

NLC Denies Reaching Minimum Wage Agreement With Tinubu The Nigeria Labour Congress (NLC) has denied reaching any agreement with President Bola Tinubu on a new national minimum wage. During his Democracy Day address, President Tinubu alleged that a consensus had been reached on the long-debated new minimum wage between the Federal Government and organised labour. Tinubu revealed that an executive bill will soon be sent to the National Assembly to formalise the new minimum wage agreement. But, in a swift response, the acting NLC President Prince Adewale Adeyanju, said there was no agreement reached by the Tripartite Committee on the…

Jun

11

2024

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Labour Prepares For Emergency Meeting Over New Minimum Wage, Strike

Labour, News Flash

Labour Set For Emergency Meeting Over New Minimum Wage, Strike Labour unions across the country are set to convene an emergency meeting to determine their next move as it awaits a response to the national minimum wage tripartite committee report submitted to President Bola Ahmed Tinubu. The outcome of the meeting will decide whether the suspended strike action will resume in the coming days. The spokesperson for the Nigeria Labour Congress (NLC), made known this development. According to Upah, the appropriate organs of the two unions will meet, and their decision will be communicated to the public. However, the meeting’s…

Jun

11

2024

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Why We Cannot Declare Strike Now – NLC President Speaks

Labour, News Flash

Why We Cannot Declare Strike Now – NLC President Speaks The Nigeria Labour Congress (NLC) has announced that it will not embark on a strike action tomorrow, Tuesday, to demand a new national minimum wage. This decision was made known by the NLC President, Joe Ajaero, at the ongoing International Labour Conference in Geneva, Switzerland. Ajaero said: “We cannot declare strike now because the figures are with the President.” He added that the tripartite committee’s proposals are awaiting the President’s decision, and the NLC’s National Executive Council will deliberate on the new figure once it is announced. “During the tenure…

Jun

09

2024

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Organised Labour Reveals Next Move After Rejecting N62k Minimum Wage Offer

Columns/Opinions/Letters, FGN, Labour, News Flash

Organised Labour Reveals Next Move After Rejecting N62K Minimum Wage Offer The Organised Labour comprising of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) is awaiting President Bola Tinubu’s decision on the newly proposed ₦62,000 minimum wage. Recall that the Tripartite Committee on Friday increased the new minimum wage offer from N60,000 to N62,000. But the TUC President, Festus Osifo immediately rejected the figure, stating that Labour would not accept anything less than ₦250,000 as a fair minimum wage. Joe Ajaero, president of the Nigerian Labour Congress (NLC) stated that Tinubu’s verdict would determine Organised Labour’s next move.…

Jun

09

2024

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Minimum Wage: Where Will States Find Extra Money For The Minimum Wage? From Christ Embassy’s School Of Miracles? – Reno Omokiri

Economy, Columns/Opinions/Letters, Labour, News Flash

What is the use of making an unenforceable minimum wage law? More than half of Nigeria's thirty six states are already struggling to pay the current ₦30,000 minimum wage. It does not take a genius to know that if they are forced to pay ₦60,000, the Governors will have to engage in MASSIVE sacking. Only about eight states can fully survive on their own without federal allocations. Nigerians are notorious for not paying taxes. We have tax-to-GDP ratio of less than 10%. Even Ivory Coast has a higher tax-to-GDP ratio than we do. So, where will the states find the…

Jun

08

2024

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FGN, Labour Bicker Over N62,000 Proposed Minimum Wage

FGN, Labour, News Flash

FG, Labour Bicker Over N62,000 Proposed Minimum Wage New figures from the national minimum wage tripartite committee have emerged as the Federal government and organised private sector made a new offer of N62,000, while organised labour came down to N250,000 from its previous figure of N497,000. Hope Uzodinma, the Imo Governor who spoke on behalf of the Nigerian governors announced this after a long negotiation meeting of the committee in Abuja Saturday evening. Addressing newsmen, Uzodinma said: “We are almost there because are just about to sign the dot and there will be a complete closure. Every other thing will…