Minimum Wage: FG Justifies ₦60,000 Proposal, Cautions Against Strike

The Federal Government has addressed the planned strike by organized labour, scheduled for Monday, warning that it could worsen the economic situation for citizens.

Minister of State for Labour and Employment, Nkeiruka Onyejeocha, speaking on behalf of the government, emphasized that any new minimum wage should not result in widespread job losses, especially within the Organised Private Sector, which employs a large portion of the nation’s workforce.

Onyejeocha advised that the strike is not in the country’s best interest, especially as negotiations are still ongoing.

Following the failure of the tripartite committee to reach an agreement on a new national minimum wage, the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) announced a strike set to commence on June 3.

“Going on strike amidst ongoing negotiations would only aggravate the economic hardships and further burden millions of Nigerians already struggling to make ends meet,” Onyejeocha stated through her media aide, Emameh Gabriel.

She highlighted the government’s consistent commitment and goodwill throughout the negotiations with organized labour.

The Labour Minister explained that the government’s proposals were designed with the country’s economic conditions in mind, incorporating innovative solutions. These proposals include a wage increase to ₦60,000 for federal workers, the introduction of CNG-fueled buses, and improved financial access for Micro, Small and Medium Enterprises (MSMEs).

Furthermore, she mentioned the government’s commitment to investing in key sectors such as agriculture, manufacturing, education, and healthcare.

“This sector is crucial to the country’s economic growth and stability. The government’s approach reflects a deep understanding of the negotiations, demonstrating its dedication to balancing the needs of workers with the country’s economic realities. The aim is to establish a minimum wage that is both realistic and sustainable, avoiding any detrimental impacts on the economy,” Onyejeocha explained.

By taking this balanced approach, the government seeks to protect the interests of both workers and employers, ensuring that any agreement reached is beneficial for all parties and does not hinder the country’s economic progress. This stance is vital for maintaining workforce harmony and driving national growth.