The federal government is considering raising the minimum wage to N200k per month, as requested by organised labour. Some experts are concerned about the potential impact on the economy.

State governors are urging caution regarding the proposed minimum wage increase, while a Technical Working Group (TWG) chaired by Anambra State Governor Charles Soludo has been tasked with resolving the issues.
Sources say President Bola Ahmed Tinubu believes the organised labour’s demand for a higher minimum wage is not unrealistic, citing his campaign promises as proof of his readiness to handle the challenge.

At the NEC meeting, which the president inaugurated in June, the Salaries & Wages Commission costed the financial implications of the said minimum wage increase and showed how the federal government could pay it, with a certain recommendation that it was well within the capacity of the federal government.

But at the meeting, the state governors who make up the membership of the NEC raised questions over the proposal. https://leadingreporters.com/state-governors-are-urging-caution-regarding-the-proposed-minimum-wage-increase/