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Minimum Wage: Governor Soludo Warns Tinubu Against Unsustainable Increase

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NAIJA NEWS: Minimum Wage: Governor Soludo Warns Tinubu Against Unsustainable Increase [New Naija News] » Naijacrawl
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Governor Charles Soludo has issued a stern warning that implementing an unsustainable wage increase could lead to significant job losses and exacerbate economic challenges in Nigeria.




Speaking at The Platform Nigeria, an event organized by the Lagos-based Covenant Nation to commemorate Democracy Day 2024, Soludo emphasized that not all state governments and the Organised Private Sector can afford the proposed N62,000 by the Federal Government or the N250,000 demanded by the Organised Labour.


As the former Governor of the Central Bank of Nigeria (CBN) and Speaker from 2015 to 2019, Soludo highlighted the potential economic repercussions of such wage policies. He stressed that without careful consideration, an unsustainable wage increase could trigger job losses and lead to broader economic instability across the country.



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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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Naija News

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NAIJA NEWS: Edo Govt Increased Minimum Wage [New Naija News] » Naijacrawl
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