The Association of Local Government of Nigeria has raised concerns over the proposed N62,000 minimum wage, insisting that if approved, the wage may put a strain on the councils’ financial burden.
Report have it that the Federal Government on Wednesday admonished organized Labor to consider the broader economic implications of its push for an unrealistic higher national minimum wage.
The Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by labor could undermine the economy, lead to mass retrenchment of workers and jeopardize the welfare of Nigerians.
However, the labor unions refuted President Bola Tinubu’s claims during his Democracy Day broadcast and that an agreement had been reached on the new national minimum wage.