Nigerians deserve a better deal from state governors

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It was George Orwell who theorized that the further a society drifts from the truth, the more it will hate those who speak it. But speaking the truth to power, according to Richard N. Haas, is a form of loyalty to the country. That many Nigerians still remain loyal to our country isn’t in doubt. That is why we speak. Nigerians must look into the mirror and speak the truth to ourselves. We must continue to tell those in authority the truth. Otherwise, if we leave the country to the politicians in government alone, we’re done for. Anyone who says that the country and its 200 million people are doing well doesn’t speak the truth.

 

Politics is local. Indeed all politics is local. As citizens of Nigeria we must find a decent way of engaging our state governors, legislators and those who serve in our local government areas. They must be accountable to the people who elected them into office to serve. They can’t assume position of authority with all state resources only to display a nonchalant attitude in office. The nation has socio-economic challenges today mainly because those elected to serve in governments are not accountable. Both the rich and poor are afraid because of kidnappers. We are afraid of those jobless Nigerians who are blood thirsty. Yet, those in government only tell us the problems without articulating a workable strategy. The workable strategy is in improving the economy, not use of guns only. Only those in government can improve the economy. We deserve to have the best from those elected to serve us. Many Nigerians have lost confidence in most of our elected and appointed leaders at the state level. It’s not time to discuss the ineptitude of those who are serving … Read More...

N30,000 new minimum wage implementation resonates on Workers’ Day

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The Federal Government on Wednesday pledged its commitment to fully implement the new minimum wage of N30,000 recently signed into law by President Muhammadu Buhari. Many state governors in the country made a similar commitment, promising to implement the new minimum wage as soon as the National Salaries, Income and Wages Commission worked out the guidelines…

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Workers Day: FG pledges full implementation of new Minimum Wage

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The Federal Government has pledged its commitment to fully implement the new Minimum Wage from N18, 000 to N30, 000, which was signed into law recently by President Muhammadu Buhari even as labour unions in the country lamented the high rate of inflation and rising wave of unemployment.

President Buhari made this promise while making his remarks during the celebration of the 2019 International Workers Day otherwise known as ‘May Day’ held at the Eagle Square, Abuja on Wednesday, stressing that the Nigerian workers and citizens are the central hub of all economic policies and programmes of his government.

Represented by the Vice President, Yemi Osinbajo, the President praised the leadership of the Nigerian Labour movement, led by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) and also lauded the International Labour Organization (ILO) for the event, which coincided with the 100 years of the ILO and 60 year of the ILO in Africa.

The Vice president noted that the theme of the day “Another 100 Years of Struggle for Jobs, Dignity and Social Justice in Nigeria” was apt even as he praised the ILO for supporting Nigeria in the implementation labour- related policies, programmes and action plans against, hard labour, forced labour and modern slavery. He reiterated the Federal Government’s commitment to job creation and protection of the rights and dignity of workers.

“We believe that the Nigerian citizen should be the central hub of all economic policies and programmes of government, their welfare and wellbeing should be the benchmark of our commitment for social justice to all Nigerians. The National Minimum Wage which the president signed into law a few days ago shall be fully implemented by this administration. We shall continue to provide enabling environment for high productivity and industrial … Read More...

N30,000 minimum wage is non-negotiable in Ondo – Akeredolu

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Governor Oluwarotimi Akeredolu of Ondo state has assured workers in the state that his administration would pay the N30,000 new minimum wage.

Akeredolu who spoke on Wednesday at the 2019 Workers’ Day celebration in Akure, the state capital noted that workers welfare is paramount to the government.

The governor said: “Let me inform our workers today that Ondo state government will pay the new minimum wage as approved by law.

” The welfare of workers is paramount to us and we believe you must get your pay because you are very important to us. The new minimum wage is non-negotiable,it is your right.

“We all know that the 18,000 cannot take you home ,but hopefully this new 30,000 will take you home.

“This Government will pay the Minimum Wage. We, however, admonish our colleagues in service to reciprocate all the good gestures of the Government, and the sacrifices made by those who are not employed by the State, to rededicate themselves and embrace the best practices for progress.”

Akeredolu while appreciating the supports of workers in the state to his administration, urged them to rededicate themselves for the task ahead.

The governor who had offset six of the seven months arrears of salaries inherited by his administration said the roles played by civil servants cannot be over-emphasized.

The state NLC chairman, Sunday Adeleye and his TUC counterpart Hellen Odofin commended the governor for his commitment to workers’ welfare.

The labour leaders advised the state government as a matter of urgency ensure that teachers are employed into primaries schools across the state.

“The alarming rate of shortage of teachers in Ondo state public schools is a great concern.

“Sir, for Ondo state not to lose its place of pride in the education sector of this country, … Read More...

Structural Challenges will limit Impact of Higher Minimum Wage

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On 18 April, President Muhammadu Buhari signed into law the Minimum Wage Repeal and Re-Enactment Act 2019, which prescribes an upward adjustment in national minimum wage to N30,000/month (US$83.3)from N18,000 (US$50.0).

The 67 percent increase in minimum wage follows months of agitation by the labour union which, in our view, is not misplaced, considering the purchasing power of the previous minimum wage more than halved between 2011 and 2018.

Nigeria’s labour productivity barely grew within the period, with data from the National Bureau of Statistics (NBS) showing per unit labour productivity (real output of employed population per hour) grew in real terms at a rather underwhelming Compound annual growth rate of 1.2 percent between 2011 and 2016.

However, our analysis reveals labour unit cost (real compensation of employed population per hour) fell at an annual rate of 4.2 percent within the same period. This implies that unit labour cost has not kept up with the modest growth in productivity since the previous minimum wage was passed in 2011.

 

Impact on medium term growth limited by slack labour market and weak fiscal revenues

Although we expect the increase in minimum wage to have a positive knock-on impact on consumption expenditure-which has stagnated in recent years -the policy falls short of deeper fiscal and economic reforms required to lift medium growth outlook above 3 percent level.

Our conclusion rests on two arguments. First, the capacity of the Federal Government (FG) and sub-nationals to fund higher personnel costs without reducing public investment in human and physical capital is limited.

This is against the backdrop of unresolved revenue challenges, reflected in limited fiscal space to raise aggregate expenditure or significantly increase deficit spending. Secondly, the private sector will struggle to implement the new minimum wage in the interim, … Read More...