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Financial Experts Foresee Danger Around the Minimum Wage Deliberations

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According to Lagos industry experts and financial analysts, the minimum wage agitation will make it harder for the country to recover.

They emphasized that the country’s economy is facing some difficulties associated with recovery.

However, if the fuel subsidy is returned and minimum wage agitations continue, the process and prospect of fast recovery will drop.

Last week’s negotiations with the federal government representatives in the Tripartite committee ended in a stalemate.

So, the organized leaders are patiently waiting for the next line of action from President Tinubu and the National Assembly.

During the meetings, the federal government proposed an additional N2,000 to the earlier offer of N60,000.

However, the labour leaders find this offer unexpectedly lower than their expectations while they have remained pegged at N250,000.

Meanwhile, a labour leader in the negotiating team revealed that President Tinubu and the National Assembly will determine their next action.

Minimum Wage Deliberations Now Dependent on the President and National Assembly

According to the labour leader, who prefers to stay anonymous now, many hope the government will make amends.

He added that a high-level conspiracy remains between the FG negotiators, Organized Private Sector, and State governors.

Also, he blamed members of the OPS for hiding under small and medium enterprises (SMEs) and refusing to pay reasonable wages.

According to him, the OPS had state governors who were tools from the beginning.

However, these governors missed most of the meetings and had no intentions of improving their employee’s wages.

Also, the same governors would attend exclusive meetings and disorganize any plans for a reasonable minimum wage.

On the side of the federal government, he observed they don’t inform the President of the real situation.

Also, they tried to suppress some members of the congress parties by using threats.

In one instance, a senior government official focused his threats on the NLC president.

The official accused him of being the reason the labour union remained adamant.

When the TUC president wanted to intervene, federal government officials prevented him from speaking.

Presently, the actions of the President and the National Assembly will determine the union’s response afterwards.

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