• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Labour set for showdown with FG, rejects plan to reduce salaries

Chike Olisah by Chike Olisah
May 6, 2021
in Business News, Politics, Spotlight
Minimum wage, NLC, Looting by former governors blocks excuses for new minimum wage 
Share on FacebookShare on TwitterShare on Linkedin

The Organised Labour appears set for a showdown with the Federal Government as they have condemned and rejected the government’s plan to cut down salaries of Nigerian workers.

This follows the recent statement credited to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in which she revealed the Federal Government’s plan to reduce the cost of governance by cutting down workers’ salaries.

This disclosure was contained in a statement issued by the President of the Nigeria Labour Congress (NLC), Ayuba Waba, on Wednesday in Abuja, in which he expressed shock and noted that the plan was tantamount to a mass suicide wish for Nigerian workers.

MoreStories

Federal Civil Service Commission opens recruitment for 2025 vacancies 

N35,000 wage award arrears: Civil servants demand payment after delays

November 16, 2025
NDLEA nabs hotelier Frank Ibemesi in Lagos, recovers 1,762kg of cannabis 

NDLEA nabs hotelier Frank Ibemesi in Lagos, recovers 1,762kg of cannabis 

November 16, 2025

READ: Nigerian professionals were excited to work from home in April; what about now?

What the NLC President is saying

Waba in his statement said, “The minister also allegedly directed the National Salaries, Incomes and Wages Commission (NSIWC), to immediately review the salaries of civil servants as well as the number of federal agencies in the country.

It is most unthinkable that the government would be contemplating to unilaterally slash the salaries of Nigerian workers at this time.

He added that “The question to ask is which salary is the government planning to slash? It certainly cannot be the meager national minimum wage of N30, 000, which right now cannot even buy a bag of rice.”

The NLC President said that he believed the proposed salary slash was certainly not targeted at the minimum wage and consequential adjustment in salaries that some state governors were still dragging their feet to pay.

He said that the multiple devaluations of the Naira in a short time, and the prevailing high inflation rate in Nigeria had negatively impacted on the salaries earned by Nigerian workers across the board.

READ: FG to create “Special Instruments” as part of plans to formalize its borrowing from CBN

He said, “Nigerian workers are only surviving by hair’s breadth. Indeed, Nigerian workers are miracles strutting on two legs.

“It is, therefore, extremely horrendous for a minister of the Federal Republic of Nigeria to pronounce salary slash for Nigerian workers currently. This call for salary slash by Mrs Zainab Ahmed is tantamount to a “mass suicide” wish, for Nigerian workers.”

While demanding an immediate retraction and apology by the Minister of Finance, the NLC president, however, said that if there was any salary that needed serious slashing, it was the humongous remuneration and allowances pocketed by political office holders in Nigeria, who did extraordinarily little but collected so much.

Wabba said, “Workers generate surplus value and revenue for the government. We do not constitute any unnecessary cost or burden to governance. It is also important to make the point that salaries are products of contracts governed by laws. They cannot be unilaterally adjusted.”

This move is not only at great odds with global best responses to the COVID-19 pandemic but also in violation of relevant ILO Conventions and Declarations on Wages and Decent Work. We urge the government as a social partner to quickly respond to the demands by Labour for an upward review of salaries of all Nigerian workers.

Nigerian workers have shown sufficient understanding with the government through the tough patches of the pandemic. Now, Nigerian workers demand reciprocity of our understanding. Nigerian workers demand an increase in their remunerations and allowances.”


Follow us for Breaking News and Market Intelligence.
Tags: Ayuba WabaIncomes and Wages CommissionMrs Zainab AhmedNational SalariesNLC
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

NLC, Minimum wage
Politics

NLC urges RMAFC to halt proposed salary hike for political office holders 

August 25, 2025
Opeyemi Agbaje, 60-year-old, appointed chairman National Pension Commission
Appointments

Opeyemi Agbaje, 60-year-old, appointed chairman National Pension Commission

August 17, 2025
NLC, TARIFF
Business News

Organised Labour declares statewide strike in Taraba, starting August 11 

August 8, 2025
Borno Govt halts fuel sales in Bama, Banki to cut off supplies to insurgents 
Business News

Borno Governor Zulum orders immediate implementation of N70,000 minimum wage for council workers 

July 20, 2025
Minimum Wage
Business News

NLC orders indefinite strike in Ogun over contributory pension, minimum wage concerns 

July 15, 2025
Adebayo Adelabu
Energy

NLC blasts Power Minister Adelabu’s claim that over 150 million Nigerians enjoy adequate electricity

April 24, 2025
Next Post
Two unknown altcoins ready to explode

Altcoins giving investors weekly returns of at least 100%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • N35,000 wage award arrears: Civil servants demand payment after delays
  • Tantalizers signs five-year multimillion-dollar deal to export prawns, shrimps to US buyer 
  • IHS Holding rakes in $268 million in 3 months from Nigeria, cites tariff hikes, stronger naira 

Follow us on social media:

Recent News

Federal Civil Service Commission opens recruitment for 2025 vacancies 

N35,000 wage award arrears: Civil servants demand payment after delays

November 16, 2025
Tantalizers Plc secures N1.07 billion through fully subscribed private placement

Tantalizers signs five-year multimillion-dollar deal to export prawns, shrimps to US buyer 

November 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics