Why We Must Cut Minimum Wage Or Sack Workers- Nigerian Govs

Nigerian governors will eventually reduce the federal minimum wage of N18,000 or downsize because of the current economic crunch, the chairman of the body of governors has said.

The chairman of the Nigerian Governors Forum and Zamfara state governor, Abdulaziz Yari, said on Thursday that irrespective of public condemnations of the plan, it would not be economically feasible to retain the same workforce and pay same amount of money.

According to him, funds allocated from the Federation Account could no longer sustain the expenses of the state as the internally generated revenue was still below par in some states.

Governors had two weeks ago declared that they could no longer cope with the N18, 000 minimum wage. The pronouncement caused a stir as Nigerians kicked against it.

The governors of Rivers and Edo rejected the plan.

Credit: PremiumTimes