The 36 State Governors, under the aegis of the Nigeria Governors’ Forum (NGF), have adopted N60,000 as the new minimum wage.
The announcement was made in a press release by the NGF’s acting Director of Media Affairs and Public Affairs, Hajiya Halimah Salihu Ahmed.
Currently, the Governors are meeting with the leadership of the Organized Labour at the NGF head office in Abuja.
In her statement, Ahmed noted that the Forum does not consider the N60,000 minimum wage sustainable.
“The Nigeria Governors’ Forum (NGF) acknowledges the need for a new minimum wage and sympathizes with labour unions in their pursuit of higher wages.
However, the Forum emphasizes that the negotiations must take into account the consequential adjustments across all cadres, including pensioners.
“The NGF cautions that any agreement reached must be realistic and sustainable, rather than just a formality.
The proposed N60,000 minimum wage is deemed unsustainable, as it would result in many States spending their entire FAAC allocations on salaries, leaving nothing for development projects.
“Some States might even need to borrow money to pay their workers each month, which is not in the best interest of the country, including its workers.
“We urge all parties, especially the labour unions, to consider the socioeconomic variables and aim for an agreement that is sustainable, durable, and fair to all segments of society with legitimate claims to public resources,” the statement concluded.
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