By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Okay News
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Font ResizerAa
Okay NewsOkay News
Search
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
News

FG Reveals Why They Can’t Pay N30,000 New Minimum Wage

Farouk Mohammed
By
Farouk Mohammed
ByFarouk Mohammed
Publisher
Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
Follow:
Published: 2018/11/05
3 Min Read
Share
SHARE

The federal government (FG) on Sunday gave reasons why it cannot meet the demand of labour unions that the national minimum wage be increased to N30,000.

The labour unions, NLC, TUC and ULC, have vowed to commence a nationwide strike from Tuesday if government does not meet its demand.

The workers unions accuse the government of going back on a N30,000 decision reached at a tripartite meeting between labour, government, and private employers.

However, the federal government says no agreement was reached at the tripartite meeting and insists on a N24,000 minimum wage, while the state governors say they would only be able to pay N22,500.

On Sunday, the labour unions boycotted a reconciliation meeting called by the Secretary to the Government of the Federation (SGF).

Speaking with journalist Sunday evening, the SGF, Boss Mustapha, said the meeting was part of the exercise that ought to be undertaken to ensure that there was a complete report to be submitted to the presidency on the issues relating to the minimum wage.

Mustapha said that the tripartite committee has been working assiduously though there were outstanding issues that needed to be dealt with and that was the reason he called for the reconciliation meeting.

“Basically the only outstanding issue that needs to be dealt with is to harmonise the 5th chapter of the report and get the figures in for the purposes of submission to government,” he said.

REASONS WE CAN’T MEET N30,000

The SGF said President Muhammadu Buhari, while inaugurating the tripartite meeting, emphasised the need for a unanimous resolution at the meeting, something that was yet to be agreed to.

“Mr President went further to emphasise that the concern is not only for the welfare of the workers but also every other thing should be taken on board as it affects the country’s economy.

“So it is a balance of the welfare of the workforce with the effect of the new minimum wage and the economy,” he said

The SGF quoting Mr Buhari said, “We yearn to go above basic social protection for Nigerian worker but also tie to the ability to pay, because I know that a lot of states are even having difficulty meeting the basic minimum wage”.

He noted that 27 states were having difficulty in paying the current minimum wage of N18,000, while noting that he was not making any excuses for them.

He did not elaborate on why labour unions boycotted the meeting but said the tripartite meeting will continue tomorrow.

“I want to assure all of you that once the report is concluded and ready, I will personally ensure that Mr President sign immediately on it,” he said.

TAGGED:FGMinimum Wage
Share This Article
Facebook Pinterest Whatsapp Whatsapp Email Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
Previous Article Linda Ejiofor Set to Get Married As She Releases Her Pre-Wedding Pictures
Next Article Meet Ibrahim Suleiman, the Man Getting Married to Linda Ejiofor

Stay Connected

FacebookLike
XFollow
InstagramFollow
TiktokFollow
WhatsAppFollow

You Might Also Like

NewsSecurity

Sheikh Ahmad Gumi Warns Against United States Military Presence After Airstrikes In Northwestern Nigeria

By
Oluwadara Akingbohungbe
5 Min Read
News

Aviation Minister Reshuffles NCAA Directors Amid Corruption Probe

By
Ogungbayi Feyisola Faesol
2 Min Read
Finance

FIRS Accredits PwC Nigeria As E-Invoicing System Integrator

By
Ogungbayi Feyisola Faesol
2 Min Read
Okay NewsOkay News
© Okay International Limited - All rights reserved
  • About Us
  • Advertising
  • Contact
  • Careers
  • Team
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Continue with Facebook
Not a member? Sign Up