Organised Private Sector (OPS) and entrepreneurs oppose the proposed National Minimum Wage, fearing economic strain and job cuts amid ongoing negotiations.
The Organised Private Sector (OPS) and entrepreneurs nationwide are voicing opposition to the proposed National Minimum Wage following negotiations between the federal government and labour unions. With a proposed wage of N62,000 on the table, but labour pushing for N100,000, OPS warns of severe impacts on businesses, potentially leading to job cuts and economic strain amid current economic challenges.
The Federation of Informal Workers of Nigeria (FIWON) is prepared to accept the outcome, while concerns mount over inflation and economic viability. Efforts to reach the Manufacturers Association of Nigeria (MAN) for comment were unsuccessful.
