The great expectation in labour circles across Nigeria today rests on a simple question: how much shall the new national minimum wage be? Incidentally this question had been raging even before the inauguration in January 2024 by Vice President Kashim Shettima, of a 37 member tripartite committee which has as its chairman Bukar Goni Aji, a former...
The great expectation in labour circles across Nigeria today rests on a simple question: how much shall the new national minimum wage be? Incidentally this question had been raging even before the inauguration in January 2024 by Vice President Kashim Shettima, of a 37 member tripartite committee which has as its chairman Bukar Goni Aji, a former Head of the Civil Service of the Federation, and membership drawn from a wide spectrum of relevant stakeholders.
For the purpose of clarification, the dispensation of the new national minimum wage is coming at a most significant time in the country even if with various colourations. Rightly or otherwise, to many Nigerians it is a remediation measure by President Bola Tinubu to redeem himself from his outrageous 'sin' of the removal of fuel subsidy on May 29 2023, which shot the general price level skywards and spread hardship across the country.
In the context of the foregoing therefore the new minimum wage exercise constitutes a make or beat factor for the Tinubu administration given the ravages facing the economy especially the depletion of purchasing power of the citizenry courtesy of the removal of fuel subsidy. The new minimum wage affair should therefore be seen properly by the Tinubu administration as its ultimate game changer.
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