The Manufacturers Association of Nigeria (MAN) has commended President Bola Tinubu for achieving the breakthrough on minimum wage.
The Manufacturers Association of Nigeria has commended President Bola Tinubu for achieving the breakthrough on the long awaited minimum wage for Nigerian workers.Its Director-General, Mr Segun Ajayi-Kadir, made the commendation while reacting to the N70,000 minimum wage agreement by President Tinubu and leaders of labour unions on Thursday in Abuja.
“In this regard, I would assume that reference will be to the demands of the Organised Private Sector at the concluding stage of the tripartite negotiations. “So, the assumption is that Mr President will give expedite consideration to those challenges. And take necessary steps to address them. He said that Small and Medium Enterprises and Micro, Small and Medium Enterprises should be exempt from compliance in view of their incapacity and prevailing operational challenges.
He proposed duty exemption on imported conversion kits, government subsidy on procurement of same. And also freeze on introduction of new taxes on businesses for the next five years.
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