Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Nathaniel Bassey Plans Halleluyah Challenge ‘KiriKiri Edition’

    August 2, 2025

    Tottenham Captain, Son To Leave After 10 Years

    August 2, 2025

    Trump Imposes 15 Percent Tariff On Nigeria, South Africa, Others

    August 1, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Nathaniel Bassey Plans Halleluyah Challenge ‘KiriKiri Edition’
    • Tottenham Captain, Son To Leave After 10 Years
    • Trump Imposes 15 Percent Tariff On Nigeria, South Africa, Others
    • Niger Drags FG To Court Over Exclusion From 13 Percent Derivation
    • #EndBadGovernance: Victims Yet To Get Justice One Year After – Amnesty
    • Ekiti Guber: Fayose Blasts Elder Brother Ayodele For Endorsing Oyebanji
    • Deportation: ‘No Cause For Alarm’- Ojukwu Assures Nigerians in Ghana
    • 2027: Peter Obi And His Chichidodo Politics
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Saturday, August 2
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » FG Warns N494,000 Minimum Wage Demand By Labour Will Cripple Economy
    2 Mins ReadJune 2, 2024

    FG Warns N494,000 Minimum Wage Demand By Labour Will Cripple Economy

    By TheScrutinyNGJune 2, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Federal Government said the N494,000 new minimum wage proposed by the organized labour could cripple Nigeria’s economy.

    The Minister of Information and National Orientation, Mohammed Idris disclosed this during a press briefing in Abuja.

    The minister lamented that the N494,000 minimum wage demand would amount to a N9.5 trillion expenditure burden to the government.

    According to him, they had agreed to increase the country’s minimum wage by 100 percent to N60,000 from N30,000 in line with the current economic realities.

    He expressed dissatisfaction at the 1,547 percent new minimum wage proposal by the organized labour.

    Idris noted labour’s N494,000 minimum wage demand will make the federal government downside its 1.2 million workforce which does not portend any good for the country’s economy.

    He said, “The sum of N494,000 national minimum wage which Labour is seeking would cumulatively amount to the sum N9.5 trillion bill to the Federal Government of Nigeria.

    “Nigerians need to understand that whereas the FG is desirous of ample remuneration for Nigerian workers, what is most critical is that President Bola Ahmed Tinubu will not encourage any action that could lead to massive job loss, especially in the private sector, who may not be able to pay the wage demanded by the Organised Labour,” he added.

    Recall that the organized labour is billed to embark on indefinite strike on Monday, June 3, over the government’s failure to implement a new minimum wage and reversal of the April 3 electricity tariff hike.

    President Bola Ahmed Tinubu on January 1 signed the 2024 N28.7 trillion appropriation bill with projected revenue of N19.7 trillion and a budget deficit of N10 trillion.

    Author

    • TheScrutinyNG
      TheScrutinyNG

      View all posts
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    TheScrutinyNG
    • Website

    Related Posts

    Breaking News

    Nathaniel Bassey Plans Halleluyah Challenge ‘KiriKiri Edition’

    August 2, 2025
    Breaking News

    Trump Imposes 15 Percent Tariff On Nigeria, South Africa, Others

    August 1, 2025
    Breaking News

    Niger Drags FG To Court Over Exclusion From 13 Percent Derivation

    August 1, 2025
    Breaking News

    #EndBadGovernance: Victims Yet To Get Justice One Year After – Amnesty

    August 1, 2025
    Breaking News

    Ekiti Guber: Fayose Blasts Elder Brother Ayodele For Endorsing Oyebanji

    July 31, 2025
    Breaking News

    Deportation: ‘No Cause For Alarm’- Ojukwu Assures Nigerians in Ghana

    July 31, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Nathaniel Bassey Plans Halleluyah Challenge ‘KiriKiri Edition’

    August 2, 2025

    Tottenham Captain, Son To Leave After 10 Years

    August 2, 2025

    Trump Imposes 15 Percent Tariff On Nigeria, South Africa, Others

    August 1, 2025

    Niger Drags FG To Court Over Exclusion From 13 Percent Derivation

    August 1, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.