President Bola Tinubu recently proposed the idea of adjusting wages at shorter intervals of two or three years, instead of every five years.>>>CONTINUE FULL READING HERE....CONTINUE READING THE ARTICLE FROM THE SOURCE
He said this while expressing his concern for the welfare of Nigerian workers, whilst calling for realistic expectations regarding the minimum wage.
This was shared at a meeting with Members of organized labour on the new minimum wage at the State House, which had in attendance, the Secretary to the Government of the Federation, some ministers, heads of agencies, and aides to the president.
The meeting followed the president’s decision to engage more with stakeholders before making a definite decision on the matter.
According to President Tinubu,
“I pay attention to everything around me. A happy worker is a productive worker, and society depends on the productivity of the happy worker. You have to cut your clothes according to the available clothes.
“Before we can finalize the minimum wage process, we have to look at the structure. Why must we adjust wages every 5 years? Why not two? Why not three years? What is a problem today can be eased up tomorrow. We can take a surgical approach that is based on pragmatism and a deep understanding of all factors”.
The various stakeholders engaged in the discussion addressing the minimum wage affecting Nigeria’s economic challenges had this to say:
The President of the Trade Union Congress, Festus Osifo, said,
“As has been said in the meeting, we try to put issues on the table, issues that are biting Nigerians, the economic difficulties, and how the value of the Naira has also eroded.>>>CONTINUE FULL READING HERE
