Government Official Okechukwu Warns Labour Unions Against Planned Strike

Government Official Okechukwu Warns Labour Unions Against Planned Strike....KINDLY READ THE FULL STORY HERE▶

Osita Okechukwu, a founding member of the All Progressives Congress (APC), has issued a warning to Organised Labour about the potential risks of their planned indefinite strike set to begin on Monday, June 3. He stressed that this action could destabilize Nigeria’s economy and unintentionally damage its democracy………..CONTINUE READING

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have called for the strike in protest of the proposed ₦60,000 minimum wage, which they consider inadequate given the current economic conditions.

In a statement released in Abuja on Sunday, Okechukwu, the former Director-General of the Voice of Nigeria (VON), acknowledged the hardships faced by workers due to stagflation and declining living standards. However, he proposed an alternative solution to the wage increase: a housing ownership scheme for workers.

Okechukwu argued that addressing workers’ housing needs could be a practical compromise to enhance the government’s wage offer. He highlighted that rent takes up a significant portion of workers’ disposable income and that home ownership could provide stability and peace of mind, thereby increasing productivity.

He urged President Bola Tinubu to prioritize his Renewed Hope housing program and suggested a nationwide initiative for house ownership for all workers. This initiative would leverage workers’ existing contributions to the National Housing Fund, supplemented by federal, state, and private sector support.

“House ownership for all workers is a practical solution in this impasse, as workers have been contributing 2.5% of their salary to the National Housing Fund,” Okechukwu stated. He noted that this strategy could prevent the economic upheaval that might result from a significant wage increase, such as hyperinflation and job cuts.

Okechukwu also pointed out that more than ten states are either unable or unwilling to pay the current minimum wage of ₦30,000, making a higher wage impractical. He argued that improving living conditions through housing could be more sustainable and beneficial than a mere cash increase.

In his concluding appeal, Okechukwu reminded labour leaders of the sacrifices made to achieve democracy in Nigeria. He cautioned against actions that might undermine these democratic gains and urged a reconsideration of the strike in favor of dialogue and compromise on housing solutions

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