New N30,000 minimum wage means renewed stress on FG, states’ finances

…Weak economy means firms likely to lay off than pay

With the approval of a 67 percent hike in the minimum wage for workers now behind Abuja, focus is shifting to the implication of the increase for the Federal Government and states’ finances. BusinessDay attempted to glean some insight from the last wage hike, which was in 2011, to see the impact it had on…

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