Close Menu

    Subscribe to Updates

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

    What's Hot

    Osimhen Is Willing To Accept £200,000 Weekly At Man United

    June 24, 2025

    Thugs Invade SDP Secretariat After National Chairman’s Suspension

    June 24, 2025

    PDP Leadership In Closed Door Meeting With INEC

    June 24, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Osimhen Is Willing To Accept £200,000 Weekly At Man United
    • Thugs Invade SDP Secretariat After National Chairman’s Suspension
    • PDP Leadership In Closed Door Meeting With INEC
    • PDP, LP Reps Defect To APC
    • Ibiza Security Officials Attempted Killing Me – Davido
    • 86 Year-Old British Nan Who Married 40 Year-Old Says: ‘He Was Only With Me For My Money’
    • Iran, Israel Continue Missile Exchange Following US Destruction Of Nuclear Sites
    • Kemi Olunloyo’s Memory Did Not Serve Her Well – Fani-Kayode
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Wednesday, June 25
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Soludo Cautions Tinubu Against Endorsing ‘Unsustainable’ Minimum Wage Increase
    3 Mins ReadJune 13, 2024

    Soludo Cautions Tinubu Against Endorsing ‘Unsustainable’ Minimum Wage Increase

    By Festus AdeloyeJune 13, 2024No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Chukwuma Soludo
    Chukwuma Soludo
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Governor Chukwuma Soludo of Anambra state has warned President Bola Tinubu against approving “unsustainable” minimum wage for workers in the country.

    Speaking on Wednesday at a special edition of The Platform, an event organized by The Covenant Nation to promote national development, Soludo delved into the complexities of the minimum wage debate and its broader economic implications.

    The former Governor of the Central Bank of Nigeria (CBN) warned that not all state governments and the Organised Private Sector can pay the ₦62,000 being proposed by the Federal Government and the ₦250,000 demand of the Organised Labour.

    Governor Soludo cautioned that adopting an unsustainable wage could lead to job losses and further economic challenges.

    Recall in his Democracy Day address on Wednesday, Tinubu assured Labour that an executive bill on the new national minimum wage for workers would soon be sent to the National Assembly for passage.

    The President would make a decision on the ₦62,000 proposal of the government and private sector side; and the ₦250,000 demand of the Organised Labour.

    “If you share it to all Nigerians, it comes to ₦6,160 per person, per month, per capita. If you take even the total ₦28. 7 trillion (budget) and share, it will come down to ₦10,000 per capita,” he said.

    He argued that the private sector employs a huge percentage of the total workforce in the country and not all of them can pay the ₦62,000 proposed by the Federal Government.

    Soludo said he spoke with nine entrepreneurs in his state and none of them could pay the proposed amount by Labour.

    The Anambra governor said, “The minimum wage thing, everybody is right. The worker is right to say, ‘What am I getting?’ Nobody is asking what does a worker do? We are not asking that question yet. All we are saying is: ‘How much does he need?’ He (the worker) is right, and for me, even if we pay N1 million, it’s not enough.

    “But on the other hand, you have to come back to reality; talking about these MSMEs, the schools, churches, so on and so forth. You will have to pay your own driver. We are all in it. Whatever they agree, we will muddle through but may be after one year, we will need to meet to discuss the consequences.”

    “I pity the President because it will all be on his head if the consequences come down, whatever it is, if whatever is negotiated is unsustainable or payable or whatever. Months to come, who will bear the responsibility? Not me.”

    Author

    • Festus Adeloye
      Festus Adeloye

      View all posts
    Governor Chukwuma Soludo President Bola Ahmed Tinubu
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Festus Adeloye

    Related Posts

    Breaking News

    Thugs Invade SDP Secretariat After National Chairman’s Suspension

    June 24, 2025
    Breaking News

    PDP Leadership In Closed Door Meeting With INEC

    June 24, 2025
    Featured

    PDP, LP Reps Defect To APC

    June 24, 2025
    Breaking News

    ADA Not A Coalition, Just Unnecessary Hype – Keyamo

    June 21, 2025
    Featured

    Coalition Movement Adopts ADA, Seeks INEC Registration

    June 21, 2025
    Breaking News

    2027: Most Of The Names Being Considered By Tinubu Are Muslims – Presidency

    June 20, 2025

    Subscribe to News

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

    Editor's Picks

    Osimhen Is Willing To Accept £200,000 Weekly At Man United

    June 24, 2025

    Thugs Invade SDP Secretariat After National Chairman’s Suspension

    June 24, 2025

    PDP Leadership In Closed Door Meeting With INEC

    June 24, 2025

    PDP, LP Reps Defect To APC

    June 24, 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.