Federal Government says the N494,000 new minimum wage proposed by the organized labour is capable of crippling the economy.
The Minister of Information and National Orientation, Mohammed Idris, disclosed this at a press briefing in Abuja while reacting to labour’s demand and proposed indefinite strike action.
The minister explained that the N494,000 minimum wage being proposed by the Labour unions would amount to a 9.5trillion naira expenditure burden on the government.
Idris, who said the government 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, kicked against the 1,547 percent new minimum wage proposed by the organized labour.
He insisted that labour’s minimum wage demand will make the federal government reduce its 1.2 million workforce which would not be good for the country’s economy.
