Federal Government Warns Labor Strike Could Worsen Economic Situation
The Federal Government has expressed concern over the planned strike by organized labor set to begin on Monday, warning that it could worsen the economic situation for citizens.
Minister of State for Labour and Employment, Nkeiruka Onyejoecha, speaking on behalf of the government, emphasized that any new minimum wage should not result in widespread job losses, particularly in the Organized Private Sector, which employs most of the nation’s workforce.
She argued that the strike is not in the country’s best interests, especially with ongoing negotiations.
The Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) decided to strike on June 3 after the tripartite committee failed to reach a compromise on a new national minimum wage.
“Going on strike in the middle of ongoing negotiations would not only compound the economic woes but also exacerbate the suffering of millions of Nigerians who are already struggling to eke out a living from their daily endeavors,” Onyejeocha said through her media aide, Emameh Gabriel.
She noted that the “government has consistently demonstrated commitment and goodwill throughout the negotiations with organised labour”.
Read Also:
According to the Labour Minister, the government’s proposals were carefully crafted, taking into account the country’s economic realities and incorporating innovative solutions.
She listed these proposals to include a comprehensive package featuring a wage increase to N60,000 for federal workers, the introduction of CNG-fueled buses, and enhanced financial access for Micro, Small and Medium Enterprises (MSMEs).
Additionally, according to her, the government has pledged investments in strategic sectors such as agriculture, manufacturing, education, healthcare and many others that are already in the pipeline.
“This sector is crucial to the country’s economic growth and stability. The government’s stance is rooted in a deep understanding of the negotiations, demonstrating its dedication to finding a balance between the needs of workers and the economic realities of the country. The goal is to establish a minimum wage that is not only realistic but also sustainable, avoiding any potentially detrimental consequences for the economy.
“By adopting this approach, the government aims to safeguard the interests of both workers and employers, ensuring that any agreement reached is mutually beneficial and does not jeopardise the country’s economic progress. This balanced stance is crucial for maintaining harmony in the workforce and driving national growth”, she explained.
