The Nigeria’s public debt stock which includes external and domestic debt stood at N121.67 trillion ($91.46 billion) in Q1, 2024, rising from N97.34 trillion ($108.23 billion) in Q4 2023, indicating a growth rate of 24.99 percent on a quarter-on-quarter basis.…
…Consultations key as Tinubu reviews minimum wage recommendations — Mohammed Idris By Matthew Denis The wait for a new minimum wage continues as the FEC put off consideration of the memo, failing to address labour’s demand for a N250,000 minimum wage.…
By Matthew Denis The Federal Executive Council (FEC) has stepped down consideration and deliberation on the memo on the new minimum wage to allow President Bola Tinubu engage in more consultation with stakeholders. Minister of Information and National Orientation, Mohammed…
The Federal Government has warned the organized labour against negotiating a new minimum wage that would lead to mass retrenchment of workers or endanger the welfare of about 200 million Nigerians. Speaking at the opening of the 2024 Synod of…
Organised Labour has rejected President Bola Tinubu’s claims that an agreement has been reached on new national minimum wages in his nationwide broadcast to make Democracy Day. Tinubu had claimed that a consensus had been reached on the long-debated new minimum wage…
The Southwest governors said on Monday that the negotiations between the Nigerian government and organised labour should reflect fiscal federalism. The governors said they support whatever outcome of the negotiation on the minimum wage. This was disclosed by the chairman…
The Association of Local Government of Nigeria, ALGON, has said it can’t afford to pay the proposed N62,000 new national minimum wage. ALCON blamed its inability to pay on the meagre allocation from the federation account and other responsibilities. Aminu…
The Organised Labour has rejected the ₦62,000 offer by the federal government and proposals by some individuals and economists of ₦100,000. The unions also said the one-week grace period given to the Federal Government last Tuesday, June 4, 2024, would…
The Tripartite Committee on Minimum Wage has resumed talks over a new minimum wage for workers in the country. The committee is meeting at NICON Luxury Hotel in Abuja. Federal Government is represented by Wale Edun, the Minister of Finance;…
…As Senate prepares to fast-track bill …Strike not suspended, only relaxed for one week — NLC President …Airline operators resume operations …National grid restored By Our Correspondents President Bola Tinubu has directed the Minister of Finance, Wale Edun, to estimate the cost implications…
