Anambra State Governor, Chukwuma Soludo, says he pities President Tinubu if he approves an “unsustainable” minimum wage for workers in the country.
The former Governor of the Central Bank of Nigeria (CBN) warned that not all state governments and the organised private sector can pay the ₦62,000 proposed by the Federal Government and the ₦250,000 demand of organised labour.
Soludo spoke on Wednesday at The Platform Nigeria, a programme by Lagos-based church Covenant Nation to mark 2024 Democracy Day.
“But on the other hand, you have to come back to reality, talking about these MSMEs, the schools, churches, so on and so forth. You will have to pay your own driver. We are all in it. Whatever they agree, we will muddle through but maybe after one year, we will need to meet to discuss the consequences.”
“I pity the President because it will all be on his head if the consequences come down, whatever they are, if whatever is negotiated is unsustainable, payable or whatever. In the months to come, who will bear the responsibility? Not me.”
The discussions for a new minimum wage have lingered for months, with the tripartite committee ending with the two figures last week.
While labour dropped its earlier demand from ₦494,000 to ₦250,000, the government added ₦2,000 to its initial ₦60,000 and offered workers ₦62,000.
Both sides submitted their reports to the President, who is expected to make a decision and send an executive bill to the National Assembly to pass a new minimum wage bill to be signed into law by the President.
