The Nigeria Employers’ Consultative Association (NECA) has rubbished all excuses from defaulters of the new minimum wage in Nigeria.
NECA noted that funds can no longer be an excuse as all states have received increased allocations from the Federal purse.
Adewale Oyerinde, the Director General of the agency noted that all the 36 states of the federation have no justification for not paying the new minimum wage.
Oyerinde noted that state governments have received enough support from the Federal Government to be able to implement the N70,000 minimum wage signed into law in July 2024.
The signing of the new minimum wage bill into law raised Nigerian workers’ wages from N30,000 to N70,000.
After President Bola Tinubu assented to the bill, many state governments pledged to implement it, while others raised concerns about their financial capacity.
However, while appearing on Arise TV programme, ‘The Morning Show’ on Tuesday, January 7, 2025, Oyerinde dispelled the claim that some states may not have funds to pay N70,000, stressing that the minimum wage has come to stay.
“We have moved away from the context of hope, the reality now is what we should face. The reality for all stakeholders whether at the federal, state or local government is that N70,000 has come to stay and everybody should align with the law except those that are exempted,” the NECA DG said.
He said funds should not be an excuse for any state because the Federal Government has increased their allocations.
He said, “The issue of having funds to pay the N70,000 also does not arise because it is no longer hidden that the Federal Government has been consistently supporting the state governments.”
“The allocations to state governments have increased proportionately. So, with a little fiscal discipline, no state should complain that they can’t pay N70,000 as approved by the president.”
Oyerinde said if state governors refuse to pay the new minimum wage, the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) would have to change their strategy for engagement to get them to pay.
Okpebholo Misleading Edo people on N12b allegation – PDP THE Peoples Democratic Party (PDP) in…
APC Asks Peter Obi To Provide Evidence Of Death Threat Claim Felix Morka, the National…
PDP Affirms National Secretary, Condemns Attack On Journalist The Peoples Democratic Party (PDP) has affirmed…
Chinese Bank Approves $254.76m Loan For Railway The China Development Bank (CDB) has granted a…
Recapitalisation: GTCO Eyes Foreign Investors In Second Phase Guaranty Trust Holding Company Plc has announced…
Over 500k Applicants Jostle for Customs Recruitment The Nigeria Customs Service (NCS) has announced that…
This website uses cookies.