Nigerian governors settle for N70000 as new minimum wage

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Nigerian governors throughout the 36 states of the federation have reportedly settled for N70,000 as the brand new minimal wage for employees, saying no state can afford any quantity above that.

The governors made the remarks after they met below the Nigeria Governors’ Discussion board (NGF) to deliberate on the financial panorama and the continuing discourse surrounding the minimal wage.

Among the many concerns had been proposals starting from the initially supplied N60,000 by the Federal Authorities to the prevailing N70,000 carried out by the Edo State Authorities.

Regardless of their concerted efforts, a unanimous choice on a standardized wage remained elusive. Consequently, they’ve opted to determine a committee, led by Imo State Governor Hope Uzodimma, tasked with evaluating the out there choices and presenting suggestions.

Insiders reveal that the consensus among the many governors is {that a} minimal wage of N100,000 just isn’t viable, significantly contemplating that some states proceed to grapple with assembly the present N30,000 minimal wage launched in 2019.

“Data out there to us indicated that some states are nonetheless paying N18,000 as a result of they’re unable to afford N30,000 (which got here into impact in 2019). Solely a state has adopted a N70,000 wage,” the supply mentioned.

The governors’ place is according to a earlier assertion made by the Chairman of NGF and Kwara State Governor AbdulRahman AbdulRazaq, who said that states will solely conform to a minimal wage that’s “reasonably priced and sustainable”.

Recall that the organised labour comprising Nigeria Labour Congress (NLC) and Commerce Union Congress (TUC) launched into a nationwide strike