Fed govt deems N494k minimum wage demand 'unsustainable', sparking tensions with labour. Explore the contentious wage negotiations, rejected proposals, and looming strike threats. Stay informed on Nigeria's labour policies and the debate over fair wages amid economic challenges and concerns for job stability
The Federal Government of Nigeria has rejected the N494,000 minimum wage proposed by organized labour, deeming it "unsustainable." Mohammed Idris, the Minister of Information, highlighted that this demand would incur a staggering N9.5 trillion annual bill for the government, representing a 1,547 percent increase in the existing workers' wage bill.
The background reveals a series of negotiations and counteroffers between the government and labour unions, escalating tensions and leading to an imminent indefinite strike starting June 3.
Despite the government's efforts to find a middle ground, the impasse persists, raising concerns about the economic viability and potential job losses in the private sector.
