Victor EzejaNational President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Kelvin Oye has called on organised labour and other stakeholders to ensure that any discussions regarding raising the minimum wage are based on a proper understanding of the relevant facts and implications, and that the new wage is commensurate with the country’s economic realities.
Oye stated this in reaction to the recent interview granted by the NLC President, Joe Ajaero, on Arise Tv, regarding the proposed new monthly minimum wage of N1 million.
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The president of NACCIMA stated that without first having the opportunity to examine the details and foundation of the proposed N1 million minimum wage, it would be premature and unjust for NACCIMA or any other member of the recently constituted 37-man Committee to take up issues with the NLC President or participate in public debates on the matter.
“I am writing in response to the recent interview given by the President of the National Labour Congress (NLC), Mr. Joe Ajaero, on Arise Television, regarding the proposed new monthly minimum wage of N1 million,” Oye stated in his letter.
“First and foremost, NACCIMA acknowledges the critical role played by the Nigerian workforce in driving the economic growth and development of our nation. It is the hard work and dedication of our workers that sustain the businesses and industries that NACCIMA proudly represents. We also recognize that the current economic climate, characterized by high inflation and a depreciating Naira, exerts significant pressure on the standard of living of workers and their families.
“However, we must emphasize the importance of following due process and ensuring that all discussions around the adjustment of the minimum wage are based on a comprehensive understanding of the facts and implications.
“As such, it would be premature and unfair for NACCIMA or any other member of the recently constituted 37-man Committee to join issues with the NLC President or engage in public debates on the matter without first having the opportunity to review the facts and basis of the proposed N1 million minimum wage.”
The NACCIMA boss encouraged all parties involved to approach the issue with a spirit of cooperation and constructive dialogue, adding that the chamber is committed to working alongside the NLC, the Federal Government, and other stakeholders “to ensure that a fair and sustainable wage structure is established, one that reflects the economic realities of our nation and the welfare of our workforce.”
He further noted, “In anticipation of the committee’s discussions, NACCIMA appeals to all parties to exercise patience and to prepare for negotiations that are founded on empirical data, economic analysis, and the shared goal of economic stability and prosperity for all Nigerians.
“We stand in solidarity with the Nigerian workers in their pursuit of fair compensation. At the same time, we must balance this with the capacity of employers and the broader economic implications of wage adjustments. NACCIMA looks forward to contributing to a dialogue that will ultimately lead to a balanced and equitable resolution that safeguards the interests of workers, businesses, and the national economy.”
“We urge all parties to reserve any judgment or action until the committee has had the opportunity to deliberate thoroughly. Rest assured, NACCIMA is devoted to the advancement of a robust economy and the betterment of our society through the promotion of responsible business practices and sustainable economic policies,” he said.
Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.
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