Tuesday, 17 May 2016

FG Meets Labour Union Today; to Propose N45,000 minimum wage. cc @DrJoeAbah

Three days to the threatened mass action against government’s increase in the price of petrol, indications emerged yesterday that the Federal Government would meet organised labour today in Abuja over the issue, dangling a carrot before labour leaders.

The Guardian learnt that at the meeting slated for 3:00 p.m. at the Federal Ministry of Labour and Employment, the Federal Government will be coming to the parley with the proposal for a new minimum wage that is fixed at N45, 000. But the increase comes with some provisos including a reduction in the number of civil servants and merging ministries and agencies.

Indeed, the President of the Nigeria Labour Congress (NLC), Ayuba Wabba confirmed the scheduled meeting saying he got a text message inviting him and other labour leaders to the meeting.

A source in the Presidency told The Guardian that ministers had been told to lead the initiative to the downsizing. Also, the Efficiency Unit in the Federal Ministry of Finance, which is saddled with coming up with cost reduction strategies is working on the template for the reduction.

The Federal Government would also be relying on the report of the Steve Oronsaiye’s panel on the rationalisation of the civil service in the streamlining process.

It was also learnt that though the government said it would not devalue the naira, it would indeed embark on what it termed ‘appropriate’ value of the national currency, which may be in the region of N283 to the dollar.

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