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Organised Labour has vehemently opposed assertions by state governors, represented by the Nigeria Governors’ Forum (NGF), regarding their inability to meet the proposed N60,000 minimum wage. Accusing the governors of misleading claims about their financial capabilities, the Nigeria Labour Congress (NLC) emphasized the imperative of not pushing the nation into a monumental crisis.
In a statement titled “Save the country from a certain death”, NLC’s Head of Information and Public Affairs, Benson Upah, urged the governors to reassess their economic strategies. He highlighted the surge in Federation Accounts Allocation Committee (FAAC) allocations from N700 billion to N1.2 trillion, underscoring the wealth amassed by governments at the expense of the populace.
Upah urged governors to streamline governance expenses, combat corruption, and prioritize worker welfare to facilitate feasible wage adjustments. He clarified that a national minimum wage serves as a fundamental threshold to safeguard vulnerable workers, necessitating sustainable economic policies.
Citing economic indicators, Upah emphasized the erosion of purchasing power due to inflation and currency devaluation. He underscored the urgent need for wage adjustments to mitigate the adverse effects of rising costs, exacerbated by government policies such as fuel subsidy removal and currency devaluation.
Furthermore, Upah cautioned against the potential repercussions of inadequate wage policies, highlighting the pivotal role of workers in driving economic productivity. He urged governors to reconsider their stance and prioritize the nation’s economic stability and the welfare of its workforce.
In conclusion, the NLC implored state governors to embrace fiscal prudence and avert the looming crisis, underscoring the critical role of responsible governance in sustaining economic prosperity.
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