New Minimum Wage: No guarantee for purchasing power, Chyma warns Labour

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The leadership of the organised labour in Nigeria has been cautioned over the planned nationwide strike planned for Monday, June 3, 2024, that the action will spell doom for the Nigerian economy.

The call for reconsideration of the strike action was made by a legal expert and business consultant, Mr Chyma Anthony, in a press release on Sunday in Abuja.

Rather, Anthony urged the labour organisations to push for a reduction in energy prices, especially petrol, cooking gas, kerosene, and diesel, which are the key drivers of the local economy. “With the current economic reality in Nigeria, organised labour should press on the federal government to fix the refinery and ensure that the price of key energies in the country drop and by such, the impact on lives of Nigerians will be significant especially as it affects workers and businesses across the nation.

“Also, I expect labour to mount pressure on the federal government to reduce insecurity in the country to a minimum level so as to allow farmers go back to their farms and businesses in the hinterlands to pick up instead of demanding a huge new minimum wage that clearly and sincerely government cannot afford, and this will further exacerbate the condition of Nigerians,” Anthony said.

 

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