Idris stated this at a news conference in Abuja in response to the threat by the organized labor to embark on strike if their demands were not met.

He said the offer of N60,000 minimum wage by the Federal Government, which translates to a 100% increase on the existing minimum wage of 2019, has been accepted by the organized private sector, which is a member of the tripartite committee of the negotiations team.

“The Federal Government’s New Minimum Wage proposal amounts to a 100% increase on the existing minimum wage 2019. Labour, however, wanted N494,000, which would increase by 1,547% on the existing wage.

“The sum of N494,000 national minimum wage which Labour is seeking would cumulatively amount to the sum N9.5 trillion bill to the Federal Government of Nigeria.

“Nigerians need to understand that whereas the FG is desirous of ample remuneration for Nigerian workers, what is most critical is that President Bola Ahmed Tinubu will not encourage any action that could lead to massive job loss, especially in the private sector, who may not be able to pay the wage demanded by the Organised Labour,” he said.

The Minister said even though Labour is keen on the take-home pay of about 1.2 million workers, the Federal Government is concerned with the welfare of over 200 million Nigerians based on its Guiding Principle of Affordability, Sustainability, and the overall health of the nation’s economy.

Idris appealed to the Organised Labour to return to the negotiating table and embrace reasonable and realistic wages for their members.

He said because of the commitment of the Tinubu administration to the welfare of workers, the wage award of 35,000 for Federal workers would continue until a new national minimum wage is introduced.

The post Labours’ N494,000 Minimum Wage Unsustainable,May Cause Loss Of Jobs– FG appeared first on Daily Dates Nigeria.

In an interview with NAN, Idris said fake news could lead to anarchy in the society and the loss of lives and property and should be condemned and not tolerated by citizens.

“We must be in the forefront of advocating for truthful information all the time,” he said.

“Everything that is fake should not be promoted. This is because it can lead to anarchy and destruction of lives and properties.

“And by the way, nobody will want his home, country, state or nation to be in tatters because somebody is encouraging fake news.

“Fake news should be condemned in all its ramifications. I have said that it is important for all of us to be careful in the way we navigate these waters.

“We know that we don’t want fake news.”

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