A new minimum wage of 90,000 naira for Nigeria's workers has been proposed by Senator Orji Uzor Kalu inorder to resolve the lingering minimum wage impasse between the Federal government and the organised Labour.
A new minimum wage of 90,000 naira for Nigeria’s workers has been proposed by Senator Orji Uzor Kalu inorder to resolve the lingering minimum wage impasse between the Federal government and the organised Labour.
Following a motion moved by the Chairman of the Senate Committee on Labour and Employment, Sen. Diket Plang, Orji Kalu beckoned the Senate to prevail on both parties to reach an agreement, he explained further that the sum of 90,000 will imply a 40% increase from the current wage. “If you go by 90,000 naira , it means in the last five years in which this law was made , it means if you divide 200 percent of N90,000 by 5 it will give you 40 and the food inflation, the purchasing parity and other things you have in the market its also around 32 to 33% so Labour should be very happy with what We are doing.
Senator Ali Ndume posited that the Senate in collaboration with the executive sponsors a Bill from a private individual, organisation or the executive so that whatever is passed will be implemented by the Executive. He insisted more emphasis should be paid on strengthening the value of the naira saying that the new Minimum wage will be useless if the naira continues to depreciate.
“One of such excesses was the shut down of the National Grid which is more of an economic sabotage than agitation for a new minimum wage .
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