FG: New Minimum Wage Possible Before May 2024



The federal government has assured Nigerian workers that it would set in motion the process that would lead to the approval a new minimum wage to be implemented on or before May 2024.

The Vice President, Prof. Yemi Osinbajo, who was the special guest of honour at the 13th quadrennial delegates conference of the Nigeria Labour Congress (NLC) held in Abuja, yesterday, blamed the elites for always playing up the negative aspects of Nigeria’s diversity.


He said rather than put the blame on the masses, it was the elites that should learn to accept the reality that ethnicity and religion should no longer play key roles in the country’s affairs.

Osinbajo urged workers not to be discouraged by the challenges they faced during struggles for their welfare and better policy options, adding that in today’s world, no one could ignore the potency of people’s power.

But the NLC expressed fear that the country may likely be engulfed in serious crisis if the federal government fails to urgently address the economic and social disruptions caused by the petrol scarcity and naira scarcity.

While welcoming delegates to the NLC Quadrennial National Conference in Abuja, the outgoing president of the NLC, Mr. Ayuba Wabba, said organised labour was very concerned with the sufferings imposed on the Nigerian masses nationwide by the policies of the government in finance and energy sectors.

He criticised the attempt by the federal government to limit the amount of money Nigerians could withdraw from their legitimate deposits at the banks, describing it as unheard of in any other part of the world.

According to Wabba, the sufferings many Nigerians were subjected to at the banks these days were unimaginable.

In the same vein, Wabba bemoaned the persisting queues at petrol stations as a result of federal government’s plan to hike the price of the product.

Wabba restated the position of the organised labour to resist any attempt to withdraw subsidy on imported petroleum products as well as the privatisation of public- owned education and health sector institutions in the country.


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