News
Private Sector Urges Government for Support to Meet New N70,000 Minimum Wage
Following the recent agreement between the Federal Government and organized labor on a new minimum wage of N70,000, the Organised Private Sector of Nigeria (OPSN) has raised concerns about its capacity to meet this financial obligation.
The workers’ union had initially accepted the increase based on President Tinubu’s assurance of government support to facilitate the transition for private sector employers.
The OPSN is now urging the Federal Government to promptly outline the specifics of the promised support to enable businesses to plan effectively. The private sector is currently grappling with substantial production costs and other financial pressures.
Mr. Adewale-Smatt Oyerinde, Director-General of the Nigeria Employers’ Consultative Association (NECA), voiced these concerns on behalf of the OPSN.
While acknowledging the government’s efforts in approving the new minimum wage, he emphasized the need for additional measures to alleviate the burden on businesses.
These measures include reversing recent increases in electricity tariffs, ensuring that the Central Bank of Nigeria (CBN) fulfills outstanding financial commitments to companies in the productive sector, imposing a moratorium on new taxes and levies for the next five years, and providing exemptions and subsidies for imported conversion kits.
Oyerinde stressed the importance of implementing reforms that will enhance the private sector’s capacity to absorb the new wage levels.
He noted that during discussions with the National Minimum Wage Committee, the OPSN had previously expressed concerns about meeting the earlier recommended minimum wage of N62,000.
This recommendation was made with the understanding that the government would take concrete steps to mitigate the existing economic challenges facing the private sector.
The NECA Director-General underscored that the ability of the private sector to comply with the new wage demands is a critical issue that needs addressing.
China speaks on the latest issue between Nigeria and the United States. After Donald Trump declared plans to take action against what he called the “Christian genocide” in Nigeria, many have reacted and shared their opinions.
China expressed disagreement with Trump’s statement, saying that religion is not a strong reason to interfere in another country’s internal affairs.
The spokesperson representing China stated that the country “firmly opposes any nation using religion or human rights as an excuse to interfere in other countries’ internal affairs or threaten them with sanctions or force.”
Minister of the Federal Capital Territory, Nyesom Wike, spoke on Donald Trump’s threat to Nigeria regarding taking care of the Christian genocide.
The minister appeared as a guest on a TV program and spoke on the current situation, stating that politics has been taken too far.
The minister questioned the claims made, saying “It is an indictment that a government I am serving, anybody will allege that that government is supporting genocide, killing of Christians and I am still in that government.
This is politics taken too far. The Inspector General of Police is a Christian, the Director General of the Department of State Services is a Christian, the Chief of Defence (Staff) is a Christian.
Tell me how any right-thinking person will think that we will sit in a government and support the killing of our own people?”
#JusticeforOchanya, a 13 year old girl who was not heard in times of need and justice.
Her story and voice has finally been hear and needs to made louder. Nigerians and many others have risen to strengthen and loudening her voice. Ochanya is a 13 year old girl who was sexually abused and graped by her aunt’s son. Upon report to her uncle, when she thought justice will be served, he joined in.
Unfortunately justice failed her as the 13 year old girl assed away, although justice failed her then it is not too late. Because these criminals still roam free and nothing has been done about it.
Let’s take a stand and speak up for the girl child, speaks up for females, speak up for Ochanya!
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