Connect with us

News

Unsustainable Minimum Wage Will Lead To Job Loss – FG Cautions Labour

Published

on

By Kayode Sanni-Arewa

The Federal Government, represented by the Minister of Information and National Orientation, Mohammed Idris, has affirmed its dedication to establishing a realistic and sustainable minimum wage for Nigerian workers, mindful of the potential repercussions on the nation’s employment rates.

During his keynote address at the 2024 Synod of the Charismatic Bishops Conference of Nigeria held in Abuja on Wednesday, Minister Idris highlighted the delicate balance needed in wage negotiations.

He urged organized labour to consider the broader economic implications of their wage demands to avoid triggering widespread job losses.

Advertisement

The government’s stance comes amid intense negotiations with labour unions, which are advocating for significant wage increases to cope with the country’s escalating cost of living.

However, Idris warned that adopting an unsustainable wage structure could destabilize the economy and lead to adverse outcomes such as massive layoffs.

“Agreeing to unrealistic wages would not only strain the economy but could also backfire by jeopardizing the very employment it aims to enhance,” said Idris, emphasizing the need for a balanced approach that secures the welfare of workers while maintaining economic stability.

The minister’s comments have set the stage for further discussions with labour representatives, who are expected to weigh these considerations as they continue to push for a fair resolution that aligns with the economic realities of the country.

Advertisement

He said, “As I have repeatedly said, the Federal Government is not opposed to the increase of wages for Nigerian Workers but we keep on advocating for a realistic and sustainable wage system for the workers – a wage system that will not undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of about 200 million Nigerians.

“We want the labour unions to understand that the relief that Nigerians are expecting, and that they fully deserve, will not come only in the form of an increase in wages. It will also come as efforts to reduce the cost of living and to ensure that more money stays in the pockets of Nigerians.”

The minister also called on religious leaders to assist in raising public awareness about government initiatives and efforts.

Idris emphasised the crucial role of the clergy in disseminating information about available opportunities and the government’s ongoing efforts.

Advertisement

“As a government, we need your support, your advice, and your feedback,” Idris stated. “Very importantly, we need you to be aware of the efforts being made and the challenges being faced so that you can help us communicate these to your congregations and the general public,” he said.

The minister highlighted the influential platforms of religious leaders, noting their potential to enlighten Nigerians on their rights, responsibilities, and the economic opportunities provided by the policies under President Bola Tinubu’s Renewed Hope Agenda.

The agenda aims to promote economic rebirth, strengthen national security, boost agriculture and food security, and transform infrastructure and transportation.

“Information and awareness are critical, and this is where our religious leaders come in. You have very influential platforms that can enlighten Nigerians on their rights, responsibilities, and the abundance of economic opportunities being thrown up by the policies and programmes being implemented under the Renewed Hope Agenda of President Bola Tinubu,” he noted.

Advertisement

He acknowledged the significant role of spiritual leaders in fostering peace, unity, and hope within Nigerian communities.

He extended commendations to the Charismatic Bishops Conference and the Christian Association of Nigeria for their contributions to harmony and peaceful coexistence.

“The President has always recognised the profound impact of religious leaders on the unity, peace, and prosperity of our country. He deeply values the partnership between the government and the religious community in building a nation that thrives on mutual respect, understanding, and shared values.

“Let me extend our heartfelt commendation to the Charismatic Bishops Conference and by extension the Christian Association of Nigeria, for your instrumental role in promoting harmony and peaceful co-existence in our country.

Advertisement

“Indeed, the Church, throughout our nation’s history, has been a steadfast partner to the government in championing social causes and the provision of essential social services such as hospitals and schools, as well as the inculcation of values in our citizens,” he said.

Reflecting on Nigeria’s current challenges, Idris praised Tinubu’s leadership in implementing crucial reforms to steer the country towards growth and sustainable development.

He reiterated the importance of the Church’s partnership with the government in championing social causes and providing essential services such as hospitals and schools.

Idris said it was important for religious leaders to support the government’s vision for Nigeria’s renaissance and to pray for guidance as the nation works towards a prosperous future.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

11 DisCos collected N1.07tr revenue in 2023- NERC

Published

on

The Nigerian Electricity Regulatory Commission (NERC) on Monday, September 23, revealed that the 11 electricity Distribution Companies (DisCos) of the Nigerian Electricity Supply Industry (NESI) collected N1.07trillion in 2023.

The energy distributors, said NERC, failed to collect N385.83 billion out of the total N1.46 trillion electricity bills for the year.

This culminated in 73.64% collection efficiency in the year under review, according to the NERC document titled: “2023 Annual Report and Account.”

NERC said: “The total billings to electricity consumers by the DisCos was ₦1,463.24 billion of which only ₦1,077.51 billion was collected, leaving a total outstanding of ₦385.73 billion and corresponding to a collection efficiency of 73.64%.”

Advertisement

On Market Remittances by DisCos, the report said in 2023, a total invoice of ₦858.033billion was issued to all the DisCos for energy received from NBET and for service charges by the MO, out of which a sum of ₦706.73 billion was settled by DisCos, leaving a total deficit of ₦151.30 billion in the market.

NERC said this payment translates to an overall remittance performance of 82.37%.

The report revealed that Eko and Yola DisCos had high remittance performances of 105.76% and 105.14% respectively to NBET in 2023 while Kaduna achieved the lowest remittance performance to NBET (17.59%).

NERC also said the highest remittance performances to the MO were recorded by Yola, Eko and Ikeja at 90.91%, 90.85% and 90.38% respectively while Kaduna recorded the lowest MO remittance performance of 10.75% in 2023.

Advertisement

On Market Remittances by Special and Bilateral Customers, NERC said in 2023, the NESI continued to provide electricity to three international bilateral customers – i) Societe Beninoise d’Energie Electrique; ii) Compagnie Energie Electrique du Togo; iii) Societe Nigerienne d’electricite.

It noted: “Cumulatively, these 3 customers received an invoice of $53.55 million from MO and made a payment of $50.36 million.

“This corresponds to a remittance performance of 94.04%. There were nineteen (19) active domestic bilateral customers in 2023.

“Cumulatively, these customers received a total invoice of ₦10,320.84 million from MO and made a payment of ₦8,766.15million corresponding to a remittance performance of 84.94%.”

Advertisement
Continue Reading

News

Rivers Assembly hails court’s judgement, urges FG to Include state in flood response plan

Published

on

Four days after their victory at the Federal High Court, the Martin Amaewhule-led Rivers State House of Assembly convened its plenary session on Monday, expressing significant concern over the looming threat of flooding and its potential impact on residents.

During the session, lawmakers voiced their apprehensions and urged the National Emergency Management Agency (NEMA) and other relevant government bodies to include Rivers in their flood response strategies.

This appeal followed a motion introduced by Deputy Speaker Dumle Maol, who highlighted that the anticipated flood is linked to the Republic of Cameroon’s planned regulated release of water from the Lagdo Dam.

The motion received unanimous support from the assembly, underscoring the importance of informing constituents about the impending flood.

Advertisement

Speaker Amaewhule lauded the motion’s intentions and mandated a joint committee to collaborate with NEMA, NDDC, and other government agencies to prepare for the disaster and provide aid to potential flood victims.

The joint committee, comprising the House Committee on Environment and House Committee on Emergency Relief, was expected to submit its report within a week.

Speaker Amaewhule congratulated assembly members on their recent victory at the Federal High Court and expressed confidence that the law would continue to favour them despite opposition.

Advertisement
Continue Reading

News

FEC approves construction of 40 houses for justices, judges in Abuja

Published

on

The Federal Executive Council (FEC) has approved the construction of 40 houses for judges and justices in the Federal Capital Territory (FCT).

Minister of the FCT, Nyesom Wike, announced this to journalists at the State House, Abuja, after the FEC meeting presided by President Bola Ahmed Tinubu.

The initiative, part of the government’s Renewed Hope Agenda, aims to provide secure and convenient accommodation for members of the judiciary.

According to Wike, the 40 residences will be constructed in the Kantampe district with 20 allocated to the FCT High Court, 10 to the Federal High Court and 10 to the Court of Appeal.

Advertisement

He said the project is slated for completion within 15 months.

According to him:“Also for the importance that the President attach to the Judiciary, he finds it difficult how judges and Justices will be living in rented houses and hotels, that is not safe for our judicial officials, not convenient for them to do their work and do the President directed that the FCT through the FCDA should immediately construct 40 numbered judges and Justices quarters at Kantampe district.

“What it means is that out of these 40 FCT high courts which is like the FCT court will have 20, the federal high court Will have ten and the court of Appeal will have ten and this will be completed in fifteen months’ time.

In addition to the housing project, Wike said FEC approved several infrastructure developments to improve access to the judicial quarters.

Advertisement

There are “construction of an access road from Artillery Road N11 from Mabuchi to the judges’ quarters.Development of all internal roads within the judges’ quarters.

Others are construction of an access road from Ring Road 1-N16 Shehu Shagari Way to the judges’ quarters and development of roads connecting to the Court of Appeal Abuja division.

He said these approvals are part of a larger infrastructure push in the FCT, which includes the development of over 75 kilometers of roads in satellite towns across Kwali, Gwagwalada, and Bwari area councils.

The Minister said the government aims to complete these projects by December.

Advertisement

Wike also announced the termination of a previous contract for the development of Maitama 2, citing delays and lack of progress.

He said a new procurement process will be initiated to ensure the area’s development, potentially addressing housing deficits in the capital.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News