Both Nigerian Government, Private Sector Should Work On New Minimum Wage To Cushion Hardship – Civil Societies’ CoalitionThe CSOs made the call in a communique issued at the end of their meeting on Petrol Subsidy Removal and Palliatives in Abuja held on Tuesday and Wednesday, saying the federal, state, and local levels as well as the private sector employers should work out a new minimum wage that reflects the new realities.
The coalition expressed deep concerns over government’s initiatives to urgently cushion the harsh economic and social effect of the subsidy removal policy on the citizens. While lamenting that the current national minimum wage of N30,000 remains highly unsustainable considering the current economic condition, they recommended that a process for increasing the minimum wage should commence immediately at the federal, state, and local levels and by private sector employers as the current minimum wage no longer reflected the new realities.
The CSO Leaders noted that social protection policies implementation combined with enlightened leadership and pressure from below had the capacity to lift people out of poverty. China and India for instance lifted 730 million and 170 million people respectively out of poverty between 1990 and 2015.
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