Nigeria Labour Asking for N494,000 National Minimum Wage: Manifestation of National Insanity
Post By | June 4, 2024
The ongoing tug-of-war between the branches of the Nigerian labour union and the Federal government vividly underscores the grave issues plaguing the nation. The demands and responses involved seem to vindicate those who label Nigeria as a “zoo” or consider it gravely ill due to rampant corruption and leadership incompetence.
In what can only be described as an act of national insanity, the call for a minimum wage increase from N30,000 to N60,000—a 100% hike—has been met with further demands for an astronomical N494,000. This represents an unprecedented increase of over one and a half million percent, a figure that defies economic logic and showcases the disconnection from fiscal reality.
Since the Federal government announced the current N30,000 minimum wage a few years ago, numerous states have publicly admitted their inability to meet this requirement. In some regions, workers face delays of up to six months or more in salary payments, highlighting a systemic failure without any repercussions for the defaulting states.
The pressing question, therefore, is how a government struggling to meet a N30,000 obligation could possibly be expected to fulfill a mandate of N494,000. This unrealistic demand reflects a deeper malaise within both the government and the labour unions. It suggests a need for ….Read More