Gov Soludo Raises Red Flag, Urges Tinubu to Avoid Unsustainable Minimum Wage Decision

Governor Chukwuma Soludo of Anambra has cautioned President Bola Tinubu against endorsing a new minimum wage that may burden states with unmanageable financial obligations.

Soludo issued the warning during an appearance on The Platform, a programme hosted by a Lagos-based church, Covenant Nation, to commemorate the 2024 Democracy Day.

Expressing his concerns, the governor stated that he “pities” President Tinubu if he sanctions a minimum wage that could prove unsustainable for both state governments and the Organised Private Sector. He highlighted that not all states and private entities can afford the proposed N62,000 by the Federal Government or the N250,000 demanded by Organised Labour.

Soludo emphasized the potential negative repercussions of implementing an unsustainable wage, including possible job losses and exacerbation of economic challenges in the nation.

Meanwhile, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have strongly opposed the federal government’s proposed minimum wage of N62,000, denouncing it as a “starvation wage.”

Although the unions have vowed to reject this proposal, they have indicated that their subsequent actions will depend on President Tinubu’s decision.

In his Democracy Day address to Nigerians, President Tinubu announced his intention to forward the national minimum wage bill to the National Assembly in the near future.