Would you like to receive notifications on latest updates of the following headlines?

NECA Urges Labour, Govs to Embrace Dialogue over Minimum Wage

POSTED ON May 8, 2024 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
Director-General, NECA, Adewale-Smatt Oyerinde l Credit: @necadotorg l Source: X

The Nigeria Employers’ Consultative Association (NECA) has urged both parties to set aside their differences and await the conclusion of the Tripartite Committee's work on the National Minimum Wage.

Addressing the issue in Lagos, NECA's Director-General, Adewale-Smatt Oyerinde, expressed concern about "the ongoing troubling trend of accusations and counter-accusations between governors and organized labor concerning the national minimum wage."

Oyerinde emphasized that the tripartite committee responsible for negotiating the national minimum wage has not yet completed its task, and engaging in a public dispute or negotiation through the media could be detrimental to all involved parties.

He also pointed out that the current confrontational approach on an issue that should be handled with respect and consensus through negotiations is not only unnecessary but also disrespectful to the entire technical committee.

ccording to Oyerinde, the committee meeting that was adjourned since the first week of April 2024 has yet to reconvene, and the association is worried about it.

“This protracted delay has the potential to further promote agitation and fester distrust among stakeholders. We urge the government to, without delay, recall the tripartite committee to continue its assignment as soon as practicable.

“Employers are in absolute support of a new national minimum wage, as an increase in wages could also promote economic activities, stimulate consumption, and enhance the capacity utilisation of businesses,” he averred.

However, Oyerinde said such an increase must take into cognisance the parameters as enshrined in the International Labour Organisation Minimum Wage Fixing Convention 131 of 1970, which includes the needs of workers and their families and economic factors.

“An appropriate balance between these two sets of considerations is important to ensuring that minimum wages are adapted to the national context and that the effective protection of workers, level of productivity, ability to pay and the development of sustainable enterprises are taken into account,” he concluded.

The organised labour is requesting a new minimum wage of N615,000 based on the current socioeconomic indicators.

READ ALSO
Nigeria's Public Debt Reaches N149.39 Trillion, Marking 22.8% Annual Increase
BY Abiodun Saheed Omodara June 28, 2025 0

As of March 31, 2025, Nigeria's total public debt reached N149.39 trillion, showing an annual increa...

READ ALSO
Dangote Decries Inconsistent Policies, Poor Power Supply as Barriers to Africa’s Industrial Growth
BY Abiodun Saheed Omodara June 27, 2025 0

Africa’s foremost industrialist and President of Dangote Industries Limited (DIL), Alhaji Alik...

READ ALSO
Transition of Tax Collection to NRS Announced, New VAT Sharing Begins January 1, 2026
BY Abiodun Saheed Omodara June 27, 2025 0

President Bola Tinubu signed four tax reform bills into law on Thursday, indicating Nigeria's commit...

READ ALSO
Afreximbank Advocates for Innovative Financing Structures in South–South Trade
BY Abiodun Saheed Omodara June 26, 2025 0

The President and Chairman of the Board of Directors of the African Export-Import Bank, Prof. Benedi...

READ ALSO
Tinubu Signs Four Tax Reform Bills to Transform Nigeria's Fiscal Framework
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria - President Bola Tinubu has enacted four tax reform bills that focus on crucial aspec...

READ ALSO
Tinubu to Sign Four Tax Reform Bills into Law Thursday
BY Abiodun Saheed Omodara June 26, 2025 0

President Bola Tinubu is set to sign four pivotal tax reform bills designed to revamp Nigeria's fisc...

READ ALSO
Nigeria Takes Bold Step towards Energy Independence with Naira-Based Crude Sales Initiative
BY Abiodun Saheed Omodara June 25, 2025 0

The Nigeria Export Processing Zones Authority, alongside the Federal Government’s One-Stop-Sho...

READ ALSO
Nigeria's 2024 Budget Capital Extension Draws Criticism from Economists
BY Abiodun Saheed Omodara June 25, 2025 0

The Senate and House of Representatives have once again prolonged the implementation of the capital...

OUR CHANNELS:

Tinubu's Visit to Saint Lucia: A Diplomatic and Cultural Milestone- Presidency
BY Abiodun Saheed Omodara June 30, 2025 0

The Presidency defended President Bola Tinubu’s current state visit to Saint Lucia on Sunday,...


Canada Tightens PGWP Eligibility, New Fields of Study Added, Others Removed
BY Abiodun Saheed Omodara June 29, 2025 0

Canadian authorities have made it more difficult for international students to qualify for post-grad...


Fubara Expresses Disappointment Over Conditions for Return to Office
BY Abiodun Saheed Omodara June 30, 2025 0

RIVERS, Nigeria- Suspended Rivers State Governor, Siminalayi Fubara, has expressed his disappointmen...


Tinubu to Discuss Sustainable Governance at BRICS Summit in Rio
BY Abiodun Saheed Omodara June 30, 2025 0

President Bola Tinubu arrived in Vieux Fort, Saint Lucia, on Saturday for the first leg of his two-p...


NDLEA Seizes Over 6,700 kg of Illicit Drugs in Cross River, Arrests 191 Suspects
BY Abiodun Saheed Omodara June 29, 2025 0

The National Drug Law Enforcement Agency (NDLEA) has reported the destruction of 30 hectares of cann...


UTME Mop-Up Sees Over 80% Absenteeism Amid Security Measures
BY Abiodun Saheed Omodara June 28, 2025 0

Over 80% of the 98,232 candidates eligible for Saturday's nationwide mop-up Unified Tertiary Matricu...


Makinde Advocates for National Rebirth
BY Abiodun Saheed Omodara June 29, 2025 0

OYO, Nigeria - Oyo State Governor, Seyi Makinde, emphasized the necessity for a national rebirth on...


Nigeria's Public Debt Reaches N149.39 Trillion, Marking 22.8% Annual Increase
BY Abiodun Saheed Omodara June 30, 2025 0

As of March 31, 2025, Nigeria's total public debt reached N149.39 trillion, showing an annual increa...


Ganduje Resigns as APC Chairman amid Health Concerns and Political Turmoil
BY Abiodun Saheed Omodara June 30, 2025 0

The Presidency, via Special Adviser to the President on Publicity and Strategy, Bayo Onanuga, stated...


France to Enforce Nationwide Smoking Ban in Public Outdoor Spaces
BY Abiodun Saheed Omodara June 29, 2025 0

Starting this Sunday, smoking will be banned on beaches, in public parks, gardens, bus shelters, and...


More Articles

Load more...

Menu