THE 36 state governors have said that they can no longer pay the N18,000 minimum wage that was signed into law in March 2011 by former President Goodluck Jonathan, owing to the poor state of the economy. Organised labour in its immediate reaction, however, kicked against the governors’ stance, saying workers are ready to shut down the country, if the governors push them into it.
Rising from a crucial meeting that ended at the early hours of yesterday, at the Old Banquet Hall of the Presidential Villa, Abuja under the umbrella of Nigerian Governors Forum, NGF, the governors said that dwindling prices of oil had drastically affected their states’ income.
Specifically, they said that the burden of the wage was lighter when oil sold at $126 as against the current $41 per barrel.
They, therefore, sought audience with President Muhammadu Buhari on the economy, resolving that the only way out of the quagmire was to diversify the economy towards agriculture and mining. Read more