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Minimum wage: NGF reviews fiscal capacity amid pressure from labor unions

Credible News by Credible News
May 3, 2024
in Development, Economy, Human Interest, News
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Amid the clamor by labor unions over the implementation of the new minimum wage, the 36 State governors under the aegis of the Nigeria Governors Forum, NGF, have disclosed that they are reviewing their individual fiscal space as state governments and the consequential impact of various recommendations, geared towards arriving at what they described as an improved minimum wage they can pay sustainably.

This came as the Nigeria Labor Congress and Trade Union Congress gave reasons organized labor is fronting N615,000 as the new national minimum wage, saying it is being magnanimous by not raising its demands despite compelling reasons to do so.

The governors stated that they celebrate with workers across the country for their dedication to service and patience, as all have worked with the Federal Government, labor, organized private sector and relevant stakeholders in arriving at an implementable national minimum wage.

The governors noted that while they acknowledge various initiatives adopted recently by way of wage awards and partial wage adjustments, it is imperative to state that the 37-member tripartite committee inaugurated on the National Minimum Wage is still in consultations and yet to conclude its work.

They assured of their committed to the process and promised that better wages would be the invariable outcome of their ongoing negotiations.

READ ALSO: Labor gives FG May 31 deadline on Minimum Wage

In a statement, on Thursday by NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq at the end of the virtual meeting, the state governors said they are committed to looking into issues bordering on remuneration of state judicial officers and the infrastructure of the courts.

“We, members of the NGF, at our meeting held today, deliberated on various issues of national importance.

“The forum celebrates with workers across the country for their dedication to service and patience, as we work with the Federal Government, labor, organized private sector and relevant stakeholders in arriving at an implementable national minimum wage.

“While we acknowledge various initiatives adopted recently by way of wage awards and partial wage adjustments, it is imperative to state that the 37-member tripartite committee inaugurated on the National Minimum Wage, is still in consultation and yet to conclude its work.

“As members of the committee, we are reviewing our individual fiscal space as state governments and the consequential impact of various recommendations, to arrive at an improved minimum wage we can pay sustainably. We remain committed to the process and promise that better wages will be the inevitable outcome of ongoing negotiations,” the statement partly read.

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