Labour - Abia ThinkTank News

Jun

2024

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

2024

0 Comments

By Abia ThinkTank

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…

Jun

2024

0 Comments

By Abia ThinkTank

Strike: NLC Fires Secretary To The Govt, George Akume

FGN, Economy, Labour, News Flash

(Strike): NLC Fires Secretary To The Govt, George Akume Nigeria Labour Congress has berated the Secretary to the Government of the Federation, George Akume, for terming Monday’s nationwide strike by organised labour as a “treasonable felony and economic sabotage.” While rejecting the SGF’s insinuations, the NLC said the former Benue State Governor’s utterances exposed his personality. In a statement by its Head, Information and Public Affairs, Benson Upah, NLC argued that “Those who loot our treasury around the country, those who divert public resources meant for hospitals and schools; those who are involved in foreign exchange round-tripping; padding of budgets…

Jun

2024

0 Comments

By Abia ThinkTank

Presidency Speaks On Receiving N105k Minimum Wage Proposal From Wale Edun

Economy, FGN, Labour, News Flash

Presidency Speaks On Receiving N105k Minimum Wage Proposal From Wale Edun The Presidency has come out to deny reports that the Minister of Finance and coordinating minister of the economy, Wale Edun proposed N105,000 as minimum wage. Reports emerged on Thursday afternoon that Edun presented a new minimum wage template of N105,000 (approximately $220) per month for Nigerian workers. The report also claimed that Tinubu is currently reviewing the proposal, and an official announcement is expected soon. But in a tweet, presidential aide, Bayo Onanuga debunked the news. He said: “The Honorable Minister of Finance and coordinating minister of the…

Jun

2024

0 Comments

By Abia ThinkTank

Again, FGN Fails To Agree With NLC On New Minimum Wage

FGN, Labour, News Flash

Again, FG Fails To Agree With NLC On New Minimum Wage The President of the Nigeria Labour Congress (NLC), Joe Ajaero on Thursday said no new figure was proposed by the federal government as minimum wage. Ajaero revealed this while speaking with Journalists after a tripartite committee meeting to discuss a new minimum wage from the N60,000 earlier rejected by organised labour. THE WHISTLER had reported that the Minister of Finance, Wale Edun had earlier in the day submitted the projected cost implications of implementing a new national minimum wage to President Bola Tinubu. Edun’s proposal was a backdrop of…

Jun

2024

0 Comments

By Abia ThinkTank

Minimum Wage Talks: Labour Considers N100,000 As Tinubu Issues Ultimatum

Economy, Labour, News Flash

Minimum Wage Talks: Labour Considers N100,000 As Tinubu Issues Ultimatum Organised Labour may settle for N100,000 minimum wage as the Tripartite Committee on National Minimum Wage commences daily meetings for five days to reach a consensus. Multiple sources in the labour movement told The PUNCH on Tuesday that the union leaders were willing to review their demand from N494,000 to N100,000, following the criticism and controversy that trailed their proposal which was considered outrageous and unrealistic. In a statement by his media aide, Rabiu Ibrahim on Saturday, the Minister of Information and National Orientation, Mohammed Idris, said the proposed minimum…

Jun

2024

0 Comments

By Abia ThinkTank

Minimum Wage: Labour Leaders, FG Resume Talks In Abuja

Labour, Abuja, News Flash

Minimum Wage: FG, Labour Leaders Resume Talks In Abuja Members of the Tripartite Committee on Minimum Wage comprising government representatives, organised labour, and the organised private sector, have resumed talks on a new minimum wage for workers in Nigeria. The committee reconvened at the Nicon Luxury Hotel in Abuja on Wednesday. The Federal Government was represented at the meeting by the Minister of Finance, Wale Edun; the Minister of Budget and National Planning, Atiku Bagudu; the Minister of Labour; Nkeiruka Onyejeocha, and representatives of the Secretary to the Government of the Federation, along with the Head of Service of the…

Jun

2024

0 Comments

By Abia ThinkTank

NLC Strike: Ajaero And His Gang Are Fighting For Peter Obi, Their Demand Will Lead To Inflation That Will Completely Destroy Nigeria- Reno Omokri

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

Reno Omokri wrote; ₦494,000 is more than sixteen times the current minimum wage of ₦30,000. If the Federal Government accepts that as the new minimum wage, and Nigeria's production capacity does not also increase times sixteen, it will lead to the mother of all inflation that will destroy the Nigerian economy and turn us into Zimbabwe and Venezuela. If producers of goods and services, like Dangote, Indomie, Nestle, Flour Mills of Nigeria, Glo, petrol stations, etc, have to pay their staff a minimum of ₦494,000, what do you think they will charge for their products? You, as a worker, will…

Jun

2024

0 Comments

By Abia ThinkTank

Why Organised Labour Suspends Strike For 5 Days

Labour, News Flash

Why Organised Labour Suspends Strike For Five Days The Organised Labour has suspended the nationwide strike for five days to give room for uninterrupted meeting with the tripartite committee on the new national minimum wage. A source with the leaders of Labour disclosed this to Vanguard. The Labour leaders had a successful meeting with the Secretary to the Government of the Federation, SGF, George Akume, and other government officials on Monday and reached a resolution that President Bola Ahmed Tinubu was committed to a new minimum wage higher than N60,000. They equally resolved that the Tripartite Committee would meet every…

Jun

2024

0 Comments

By Abia ThinkTank

NLC Strike: FG Offers To Pay More Than N60,000 As Minimum Wage

FGN, Labour, News Flash

FG Offers To Pay More Than N60,000 As Minimum Wage The Federal Government has agreed to pay more than the N60,000 it initially proposed as new minimum wage. The decision was taken at a meeting the government had with labour leaders on Monday night in Abuja to address the dispute over the national minimum wage in response to the nationwide strike declared by the organised labour.. The meeting, held in the office of the Secretary to the Government of the Federation, on Monday evening aimed to resolve the impasse and bring an end to the industrial action that had paralysed…