The N18,000 minimum wage brouhaha
Trouble is brewing between the state governors and the Nigerian labour unions over the former's attempt to stop paying N18,000 minimum wage to Nigerian workers. The hint was dropped on November 18, after a meeting of the Nigerian Governors Forum (NGF) at the Old Banquet Hall of the Presidential Villa. In a communiqué read by its chairman, Alhaji Abdulaziz Yari, also the Governor of Zamfara State, he stated that the dwindling prices of crude oil had drastically affected federation allocation to the states. He said: "The situation is no longer the same when we were asked to pay N18,000 minimum wage, when oil price was $126 (per barrel) and when oil is $41 and the source of government expenditure is from oil, and we have not seen prospects in the oil industry in the near future". Very good and rational argument. It is a notorious fact that Federal Government since last year declared austerity measures arising from the fall in international oil market. Naira has had to...