Minister of Finance Mr Wale Edun has thrown more light on the nagging issue of Minimum wage demand by the Organised Labour.
He explained on Channels TV on Monday morning 3 June 2024 that Minimum wage is for all both in government and private sectors.
According To The Minister, “You are not setting a wage for Federal Government workers, for example. In a Federation, you are setting a minimum figure that states must pay, that local governments must pay, that the private sector must pay, that small businesses must pay”
“It is a fixed figure, not a scale. So, there are elements of how we have set the minimum wage in the past, particularly what we called the consequential adjustment, which, given what Labour is asking today, will be unaffordable across the board.”
” I’m not sure the NLC is ready to even be serious at all by demanding for such a huge amount. Hardly will government be able to cope with that, I personally suggest 80 to 100k at least N495k is too much.”
