According to Newsmen, The Federal Government has warned the organized labour against negotiating a new minimum wage that would lead to mass retrenchment of workers or endanger the welfare of about 200 million Nigerians.
Speaking at the opening of the 2024 Synod of the Charismatic Bishops Conference of Nigeria in Abuja on Wednesday, the Minister of Information and National Orientation, Mohammed Idris, noted that the N250,000 minimum wage demanded by labour could undermine the economy.
The information minister stressed the imperative of a realistic wage system that safeguards against mass retrenchment while addressing workers' needs.
Idris reaffirmed the government's commitment to reviewing the minimum wage but issued a warning against making demands that would cause the economy to falter.
The Federal Government is not opposed to wage increases for Nigerian workers, as I have repeatedly stated.
However, we continue to advocate for a realistic and sustainable wage system for workers a wage system that will not undermine the economy, lead to mass layoffs, and jeopardise the welfare of approximately 200 million Nigerians, he said.
We want the trade unions to know that salary increases will not be the sole way that Nigerians would receive the respite they so richly deserve.
Additionally, it will be an attempt to keep more money in Nigerians' pockets and to lower the cost of living.
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