Democracy Day: I Pity Tinubu If He Approves Unsustainable Minimum Wage — Soludo

Channels Television on their online platform published that Governor of Anambra State Prof C.C Soludo has warned that an unsustainable wage might lead to job losses and spiral economic challenges in the country.

Governor Chukwuma Soludo, says he pities President Bola 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 being proposed by the Federal Government and the ₦250,000 demand of the Organised Labour.

Soludo, who was Speaker from 2015 to 2019, made at The Platform Nigeria, a programme by Lagos-based church, Covenant Nation, to mark the 2024 Democracy Day.

He warned that an unsustainable wage might lead to job losses and spiral economic challenges in the country.

In his Democracy Day address on Wednesday, Tinubu assured Labour that an executive bill on the new national minimum wage for workers would soon be sent to the National Assembly for passage.

The President would make a decision on the ₦62,000 proposal of the government and private sector side; and the ₦250,000 demand of the Organised Labour.