Federal government Is Set To Raise Minimum Wage To N200k

In other to keep up with campaign promises,  the President Bola Tinubu led administration is set to raise the country's minimum wage to two hundred thousand report says. 

There are  strong  indications that the federal  government is favourably disposed to  raising the  minimum  wage to as  high as N200k  per month as demanded  by the organised labour  in the country.

However,  state governors are urging for  caution  while Anambra State governor Charles Soludo has been  asked to chair a Technical Working Group (TWG) to  resolve the  issues and its  various dimensions.

LEADERSHIP  gathered that  the matter  was  discussed  at the  last month’s National Economic Council (NEC)  meeting and it  was there that the Salaries, Incomes & Wages Commission made a presentation on how the federal  government can  meet up with the  demand of N200,000  per month  minimum  wage.

Sources, who spoke with Empowered News Network,  revealed that President Bola Ahmed Tinubu is  specifically and  personally  convinced that the  demand of the organised labour  is not unrealistic pointing to his  campaign  promises as a  proof of his readiness  to handle the challenge.

Recall that President Tinubu as president- elect  also  said on Workers Day on May 1 that “In the Nigeria, I shall have  the honour and privilege  to lead from May 29,  workers  will have  more than a  minimum  wage. You  will have a  living  wage to have a  decent  life and  provide  for your families.”

At the NEC  meeting which the president inaugurated in June, the Salaries & Wages Commission costed the  financial implications of the  said  minimum  wage  increase and  showed how the federal  government  could pay it, with a  certain  recommendation that it  was  well  within the  capacity of the federal  government. But  at the  meeting the  state governors who make up the  membership of the NEC raised questions over the proposal. 

Credit:  Leadership newspaper