RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

NLC Criticizes President Tinubu’s Minimum Wage Declaration

Stephen Akudike by Stephen Akudike
September 13, 2023
in Economy
Reading Time: 2 mins read
A A
0
NLC Criticizes President Tinubu’s Minimum Wage Declaration
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

In a recent statement released on Monday night, the Nigeria Labour Congress (NLC) criticized President Bola Tinubu’s assertion that the review of the minimum wage was imminent. The Congress pointed out that the review of the minimum wage is scheduled to commence in 2024, as mandated by the law. Additionally, the NLC expressed disappointment over the lack of cooperation and dialogue with members of the organized labor from the Tinubu administration.

The national president of the NLC, Joe Ajaero, signed the statement, expressing the labor union’s concerns. The NLC was disturbed by the apparent discrepancy between President Tinubu’s praise for the private sector in promptly implementing wage awards for their employees and the federal government’s failure to do the same for public workers. According to the Congress, this failure reflects a lack of adherence to the standards set by the government itself.

AlsoRead

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

FG Raises N748.64 Billion from FGN Bonds as Borrowing Rates Ease

Furthermore, the NLC raised alarm over the current economic challenges faced by Nigerian workers, exacerbated by hyperinflation and the removal of the so-called petrol subsidy. The Congress questioned how workers would cope with these hardships until the scheduled minimum wage review in 2024.

Ajaero shed light on the negotiation process, revealing that the organized labor has been met with empty chairs on the federal government’s side during negotiations. The promised inauguration of the sub-committee on wage awards has not taken place, and thus, no meetings have been held.

The NLC’s statement emphasizes the urgency of addressing workers’ concerns and highlights the need for genuine commitment from the government to engage in constructive dialogue. With the economic hardships faced by the working class, the NLC calls on the government to act promptly in negotiating the minimum wage review and provide much-needed relief to Nigerian workers.

As the situation unfolds, the eyes of the labor force remain fixed on the government’s response, hoping for a positive and proactive approach to safeguard the welfare of workers across the nation.

Tags: #inflation#NigeriacommitmentCriticismdialogueeconomic challengesEconomic WelfaregovernmentHyperinflation.Labourminimum wagenegotiationsNigeria Labour CongressOrganized Laborpetrol subsidyPresident Tinubuprivate sectorPublic SectorReviewWorkers
Previous Post

Customs revenue declines 7.1% as import volume drops.

Next Post

Gold Prices Dip as Dollar Strengthens and Economic Optimism Grows.

Related News

Naira depreciates to N755/$ in the parallel market.

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

by Stephen Akudike
September 22, 2026
0

Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94 billion in 2025 from $7.43 billion in 2024, according...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

by Akpan Edidong
September 22, 2026
0

Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit by N25 a litre to N1,325. The cut...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG Raises N748.64 Billion from FGN Bonds as Borrowing Rates Ease

by Victoria Attah
September 17, 2026
0

The Federal Government raised N748.64 billion from its September 2026 domestic bond auction, with investors showing strong demand for both...

NEC Affirms CBN $3 Billion Loan for Naira Stability

Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September

by Victoria Attah
September 17, 2026
0

Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of 14 September 2026, reinforcing the...

Next Post
Gold Prices Dip as Dollar Strengthens and Economic Optimism Grows.

Gold Prices Dip as Dollar Strengthens and Economic Optimism Grows.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

September 22, 2026
Naira depreciates to N755/$ in the parallel market.

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

September 22, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

    0 shares
    Share 0 Tweet 0
  • Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline

    0 shares
    Share 0 Tweet 0
  • Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market

    0 shares
    Share 0 Tweet 0
  • Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>