Connect with us

Minimum Wage: Governor Soludo Warns Tinubu Against Unsustainable Increase

Piroll

Published

on

Follow
NAIJA NEWS: Minimum Wage: Governor Soludo Warns Tinubu Against Unsustainable Increase [New Naija News] » Naijacrawl
Photo: Naijacrawl

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.



Click Here To Comment




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

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Naija News

Minimum Wage: NLC Tackles Southern Governors

Piroll

Published

on

NAIJA NEWS: Minimum Wage: NLC Tackles Southern Governors [New Naija News] » Naijacrawl
Photo: Naijacrawl
Nigeria Labour Congress, NLC, has tackled the suggestion by the southern governors that they should be allowed to determine the wages of their workers, saying among others, it not only dictatorial, but against the concept of the minimum wage.NLC in a statement, warned the state governors against further inflammatory statements concerning the minimum wage to avoid provoking industrial unrest.In the statement by Mr Benson Upah, NLC’s Head Information and Public Affai...
Continue Reading

Naija News

Governors Reject N60,000 Minimum Wage Proposal

Piroll

Published

on

NAIJA NEWS: Governors Reject N60,000 Minimum Wage Proposal [New Naija News] » Naijacrawl
Photo: Naijacrawl
The governors of Nigeria's 36 states have unanimously rejected the federal government's proposed N60,000 minimum wage. This announcement came from Hajiya Halimah Salihu Ahmed, the Director of Media and Public Affairs for the Nigeria Governors’ Forum (NGF), on Friday, June 7.The governors argue that the proposed wage increase is neither realistic nor sustainable. Implementing it, they claim, would compel some states to resort to borrowing just to meet payroll demands...
Continue Reading

Naija News

NLC and TUC Suspend Industrial Action Over Minimum Wage

Piroll

Published

on

NAIJA NEWS: NLC and TUC Suspend Industrial Action Over Minimum Wage [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have paused their industrial action for about one week. This strike, sparked by disagreements over a new minimum wage and an increase in electricity tariffs, brought significant disruptions across the nation.The TUC president, Festus Osifo, announced the suspension on Tuesday in Abuja following a joint extraordinary national executive council meeting of the unions. He mentioned that a communique wo...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.