Politics
Arewa Group Raises Concerns Over Negative Impacts Of Minimum Wage Increase
Arewa Group Raises Concerns Over Negative Impacts Of Minimum Wage Increase....KINDLY READ THE FULL STORY HERE▶
The North Central Citizens Council (NCCC) has voiced concerns regarding the calls from the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) for an increase in the minimum wage, cautioning that such demands could have adverse effects on ordinary Nigerians……….. CONTINUE READING
In a statement released in Abuja on Thursday, Comrade Mohammed Eneji, Coordinator of NCCC, highlighted potential repercussions, particularly for states struggling to meet current wage obligations. He emphasized that rushing into wage increases without considering their broader impact could be detrimental.
“Many state governors are already grappling with the current 30,000 minimum wage. How feasible is it for them to manage salaries exceeding 60,000 and beyond?” Eneji queried, questioning the feasibility for both state and local governments.
Eneji criticized the labour movement for what he perceived as a lack of consideration for the majority of Nigerians, particularly those in rural areas and outside formal employment sectors. He urged for a more balanced approach, warning that unilateral wage hikes could exacerbate inflation and unemployment rates.
“An increase in minimum wage might prompt multinationals and state government agencies to downsize, unable to sustain higher wage bills,” Eneji added, forecasting dire consequences for state economies and infrastructure if a significant portion of revenue goes solely towards salaries.
In conclusion, NCCC urged for a comprehensive review of the proposed wage increase, stressing the need for broader economic implications to be factored into the negotiations for a sustainable solution beneficial to all Nigerians.
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