In a heartfelt and deeply considered appeal, the Federal Government of Nigeria has called on Labour Unions to remain committed to negotiations under the Tripartite Committee, aimed at establishing a new and realistic minimum wage for the Nigerian populace.
Minister of Information and National Orientation, Mohammed Idris, emphasized the government’s desire for a peaceful resolution and its commitment to facilitating ongoing discussions. “Yesterday, the leadership of the National Assembly met with the Unions. Today, we have extended another invitation to continue our discussions,” Idris stated.
The Minister underscored that the government and labour unions are not adversaries but partners united by a common goal: achieving the best outcome for the Federal Republic of Nigeria and its 200 million citizens. “We have a responsibility to strike a measured and realistic balance in our efforts to arrive at a new minimum wage for Nigerians,” he added.
Key points highlighted by the Federal Government include:
1. The minimum wage will apply to both public and private sectors, necessitating a comprehensive and balanced approach to negotiations.
2. Labour’s current proposal of N494,000 represents a 1,547 percent increase on the existing wage. This translates into an annual wage bill of 9.5 trillion Naira for the Federal Government alone, excluding additional costs for subnational governments and private sector employers. The government warns that such a significant increase could cripple the Nigerian economy, leading to massive job losses, particularly in the private sector.
3. The government is also focusing on initiatives like the National Consumer Credit Scheme and the Nigerian Education Loan Fund (NELFUND) to bring broader economic relief to Nigerians. “The relief Nigerians deserve will not come only in the form of increased wages but also through efforts to reduce the cost of living and ensure more money stays in the pockets of Nigerians,” Idris explained.
President Bola Ahmed Tinubu (GCFR) is firmly committed to a fair, reasonable, and sustainable resolution of the minimum wage negotiations. The Federal Government is urging Labour Unions to reciprocate this commitment in the nation’s best interest.
“This is not just about wages; it’s about the broader economic stability and wellbeing of our nation,” concluded Idris, expressing gratitude for the unions’ willingness to engage in ongoing dialogue.
For further information and updates, the public and stakeholders are encouraged to stay tuned to official government channels.
– Mohammed Idris, Minister of Information and National Orientation
