• Wednesday, February 28, 2024
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New wage must be based on productivity—FG

New wage must be based on productivity—FG

…Inaugurates tripartite committee

The Federal Government, on Tuesday, said it was ready to implement a new minimum wage for Nigerian workers, but insisted on productivity for its sustainability.

George Akume, Secretary to the Government of the Federation (SGF), stated this at the inauguration of a tripartite committee on the new national minimum wage.

Akume said the committee carried the hopes and aspirations of millions of Nigerian workers, and its work would be instrumental in shaping the economic landscape of the country.

Read also: Goni Aji to head National Minimum Wage Committee

According to him, “The past year in the life of our nation has been marked by significant economic challenges The removal of fuel subsidy, while a necessary step towards long-term fiscal sustainability, has undoubtedly imposed temporary hardships on many in recognition of these challenges; the government committed to cushion the effects on workers through a wage award, being implemented currently.

“Today, we take another crucial step in fulfilling that promise by embarking on a comprehensive review of the national minimum wage.

The SGF said that the tripartite committee which is empowered by the Minimum Wage Act of 2019 drew representatives from the government, organised labour, and employers, to engage in open and constructive dialogue to arrive at a fair and sustainable minimum wage.

“This process is not merely about numbers, it is about recognising the dignity of work and ensuring that all Nigerians have the opportunity to earn a living wage that allows them to meet their basic needs and participate meaningfully in our society.

“In return, the workforce, whether public or private must of necessity, ramp up productivity to sustain whatever would be the outcome of future engagements.

Speaking further, Akume said the presence of Vice President Kashim Shettima at the inauguration, underscored the government’s commitment to the process.

“In due course, the leadership of Mr. President and your good self (referring to Shettima) would be invaluable in guiding the committee and other stakeholders towards a successful outcome.

Read also: Nigeria can afford much as minimum wage – APC Diaspora

He, therefore, urged members of the committee to approach the task with patriotism, commitment, flexibility, and to eschew individual interests, but “focus on the common good for our dear nation.”