By Bajowa Oni It is hard to argue that, considering current economic realities, an update of the minimum wage is not necessary.When the current administration came into office a year ago, inflation was at 22 percent. It now stands at…
The 17 Governors from the Southern part of Nigeria under the aegis of the Southern Governors’ Forum have advocated that each state be allowed to negotiate a new minimum wage they can pay with the labour unions. This was contained…
The Nigeria Governors’ Forum (NGF) has assured workers of a better new minimum wage from the ongoing negotiations between the government, private sector and organised labour. The governors gave the assurance in a communiqué signed by Gov. AbdulRahman AbdulRazaq of…
The Oyo State Governor, Seyi Makinde, Zamfara State Governor, Dauda Lawal, and Anambra State Governor, Chukwuma Soludo, have arrived at the Nigeria Governors’ Forum Head Office in Abuja for the group’s meeting. Under the leadership of Kwara State Governor, AbdulRahman…
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…
