Labour unions, government officials, and economists are at odds over the issue of minimum wage in Nigeria. Get the latest updates on the ongoing discussions and conflicting viewpoints here!
The discussions on a new minimum wage in Nigeria have resumed between the federal government and labour unions. While some see this as a positive step towards fair wages for workers, others argue that minimum wage laws can lead to decreased job opportunities, especially for low-skilled workers. Minister of Finance, Wale Edun, reassured the public that there is no cause for alarm after meeting with President Tinubu to discuss the implications of a new minimum wage. Despite the back and forth, a new minimum wage proposal is expected to be unveiled soon, with Edun submitting the cost implications to Tinubu.
On the flip side, some critics like Azu Ishiekwene believe that artificially set minimum wages can negatively impact businesses, leading to tough decisions on hiring and firing. The continuous discussions and submissions of cost proposals by Edun highlight the complexity of the minimum wage issue. As talks continue, the Tripartite Committee and the Nigerian government aim to reach a consensus on a new minimum wage that benefits both workers and the economy.
In a surprising turn of events, Wale Edun submitted multiple new minimum wage options and cost projections to President Tinubu, indicating a strategic approach to addressing the minimum wage dilemma. This development signals a proactive stance in finding a balanced solution that considers the interests of all stakeholders. As the debate rages on, the fate of Nigerian workers hangs on the decisions made in these crucial discussions.
Members of the tripartite committee, comprising of the federal government and labour unions, have resumed talks on a new minimum wage for workers in ...
One, minimum wage laws set artificially high wages that can lead to lower employment opportunities, particularly among low-skilled workers. Take Nigeria, for ...
THE Minister of Finance and coordinating minister of the economy, Mr. Wale Edun on Thursday said "there is no cause for alarm" after meeting with President ...
Barring any last-minute hitches, labour and FG will any moment, unveil a new Minimum Wage, following Thursday's presentation of the figures.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national ...
If employers are forced to make hard economic choices about hiring or firing due to artificially fixed wages, the low-skilled and vulnerable ones whose ...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun submits the new minimum wage proposal cost to president Bola Tinubu.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national ...
Members of the tripartite committee, comprising the federal government and labour unions, have resumed talks on a new minimum wage for Nigerian workers.
Despite the assurances of the Nigerian government on its commitment to ensuring the presentation of a new minimum wage 'higher than N60,000', ...
Wale Edun, minister of finance and coordinating minister of the economy, has submitted new minimum wage options and projected cost implications to President ...
Relief is on the way for Nigerian workers, as President Bola Tinubu on Thursday received the cost implications of an affordable,
Following a 48-hour ultimatum issued to him by President Bola Tinubu, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday,
Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has presented a new minimum wage template to President Bola Ahmed Tinubu, ...
The Minister of Finance, Wale Edun, on Thursday submitted the estimated cost implications of implementing a new national minimum wage to President Bola ...
The President had on Tuesday given the finance minister a two-day deadline to come up with figures to be presented to the Organised Labour. By Lanre Lasisi.
Wale Edun submitted to President Tinubu a new minimum wage template to be used for negotiation with the tripartite panel. Nigeria's Minister of Finance and ...
The Federal Government has debunked the online report that it has offered N105,000 as the new national minimum wage.
Three days after suspending its strike action and the expiration of the 48 hours deadline President Bola Tinubu handed out to the Minister of Finance.
The information minister recently assured Nigerians that the government and other stakeholder are working to come up with a realistic and sustainable ...
Amid the long-drawn minimum wage talks, the negotiating team sent by President Bola Tinubu has failed to present a fresh offer beyond the N60,000 it ...
Failure of the Federal Government negotiating team to present a fresh offer beyond the N60,000 it offered last week has stalled further negotiation.
Few days to the expiration of the five day deadline given by the organised labour for the federal government to come up with acceptable...
Some members of the Organised Private Sector (OPS) have demanded some concessions regarding the new minimum wage being proposed by members of the National ...
The minimum wage ensures a baseline standard of living for all employees, protecting them from exploitation and severe poverty. Consequently, it has far- ...
What is good for judicial office holders is good for Nigerian workers, says Timi Frank regarding minimum wage negotiations.
The meeting, which is the fifth since the suspension of the industrial action by organised labour, is holding behind closed doors at the Nicon Luxury Hotel in ...
A renowned political economist, Prof. Pat Utomi says Federal Government and the Organised Labour should take advantage of the new minimum wage negotiation ...
A renowned political economist, Prof. Pat Utomi, has asked the federal government and organized labour to take advantage of the new minimum wage.
The tripartite committee on Friday convened at the Nicon Luxury Hotel in Abuja to continue negotiations on the new national minimum wage.
NCCC has condemned the agitation of the NLC and its counterpart, TUC, accusing the unions of turning a blind eye to the common man's plight.
A renowned political economist, Prof. Pat Utomi says Federal Government and the Organised Labour should take advantage of the new minimum wage negotiation ...
Governors under the aegis of the Nigerian Governors Forum (NGF) say the N60,000 minimum wage for workers is not sustainable. In a statement issued on Friday ...
Ebonyi South Senator, Anthony Ani, has made a case for 100000 minimum wage for workers, saying it is ideal and realistic. He made the call in Abuja on.
Governors under the aegis of the Nigerian Governors Forum have rejected the proposed N60,000 minimum wage for Nigerian workers.
The federal government said it was not opposed to wage increments but wants to ensure that any agreement reached is sustainable and realistic, ...
Governors contend that paying N60,000 minimum wage means many states will spend all their FAAC allocations paying salaries.
The Nigeria Governors' Forum (NGF), on Friday, said the N60,000 new minimum wage, proposed by the federal government is unsustainable…
The 36 state governors who make up the Nigeria Governors' Forum have said that the N60,000 minimum wage proposal by the Federal Government is not sustainable ...
Hope Uzodimma, governor of Imo state, says the tripartite committee on the minimum wage is close to reaching a consensus. Uzodimma spoke on Friday after a ...
The recommendations will be forwarded to President Tinubu, who is expected to send an executive bill to the National Assembly for legislative action.
Governors of the 36 states of the Federation have rejected the N60,000 minimum wage proposed by the Federal Government. This was disclosed in a statement.
—Organized Labour reduces demand to N250,000. By Johnbosco Agbakwuru, Abuja. The Federal Government has increased its offer of a new national minimum wage ...
This development follows the submission of the cost implications of the new minimum wage by the Minister of Finance and Coordinating Minister of the Economy, ...
This is as Organised Labour has reduced its demand to N250,000 from N494,000. It was also gathered that the Organised Private Sector ...
The Federal Government has increased its offer of a new national minimum wage to N62,000, while organised labour has reduced its demand from N494,000 to ...
TheCable understands that organised labour, on the other hand, has proposed a N250,000 minimum wage. Earlier, after a meeting, Hope Uzodimma, governor of Imo ...
The Nigeria Governors' Forum (NGF) has stated that while a new minimum wage is necessary, a minimum wage of N60,000 is unsustainable and unfeasible.
The Federal Government may be on a collision course with governors, and the private sector for agreeing to pay a minimum wage higher than N60,000.
This development follows the submission of the cost implications of the new minimum wage by the Minister of Finance and Coordinating Minister of the Economy, ...