Fiscal capacity will determine feasible minimum wage adjustments, State Governors tell NLC

Date:

Governors have issued a note of caution to workers, urging them to manage their expectations regarding the ongoing minimum wage negotiations. While expressing commitment to enhancing workers’ salaries, they stressed the need for realistic and sustainable wage agreements.

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The Nigeria Governors’ Forum (NGF) disclosed that they are diligently assessing their fiscal capacity to determine feasible wage adjustments. Despite challenges such as the COVID-19 pandemic and the Endsars protests, the forum is dedicated to improving workers’ remuneration.

The Federal Government established a 37-member Tripartite Committee on Minimum Wage on January 30. However, negotiations are yet to yield a consensus on a new minimum wage.

Representatives from the governors’ forum, alongside officials from the Federal Government, labour unions, and the Organised Private Sector (OPS), are deliberating on viable wage recommendations.

Acknowledging workers’ contributions and the need for improved remuneration, the governors reaffirmed their commitment to the negotiation process. They emphasized the importance of reaching an implementable wage agreement that aligns with each state’s fiscal capacity.

The NGF also discussed other pertinent issues during a virtual meeting, including the revised National Policy on Justice and strategies to address recent petrol tanker and gas explosions in Ogun and Rivers states.

Additionally, the governors engaged with representatives from the World Bank and received briefings on human capital development programs and business-enabling reforms.

As negotiations continue, workers are urged to remain patient, understanding the complexities involved in determining a new minimum wage that balances economic realities with workers’ welfare.


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