{"id":112321,"date":"2024-06-02T16:24:32","date_gmt":"2024-06-02T15:24:32","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=112321"},"modified":"2024-06-02T16:24:32","modified_gmt":"2024-06-02T15:24:32","slug":"minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/","title":{"rendered":"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0"},"content":{"rendered":"<div id=\"m#msg-f:1800760620632866540\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">The Federal Government said the N494,000 new minimum wage proposed by the organized labour could cripple Nigeria\u2019s economy.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\nThe Minister of Information and National Orientation, Mohammed Idris disclosed this during a press briefing in Abuja.<\/p>\n<p>The minister lamented that the N494,000 minimum wage demand would amount to a N9.5 trillion expenditure burden to the government.<\/p>\n<p>According to him, they had agreed to increase the country\u2019s minimum wage by 100 percent to N60,000 from N30,000 in line with the current economic realities.<\/p>\n<p>He expressed dissatisfaction at the 1,547 percent new minimum wage proposal by the organized labour.<\/p>\n<p>Idris noted labour\u2019s N494,000 minimum wage demand will make the federal government downside its 1.2 million workforce which does not portend any good for the country\u2019s economy.<\/p>\n<p>He said, \u201cThe sum of N494,000 national minimum wage which Labour is seeking would cumulatively amount to the sum N9.5 trillion bill to the Federal Government of Nigeria.<\/p>\n<p>\u201cNigerians need to understand that whereas the FG is desirous of ample remuneration for Nigerian workers, what is most critical is that President Bola Ahmed Tinubu will not encourage any action that could lead to massive job loss, especially in the private sector, who may not be able to pay the wage demanded by the Organised Labour,\u201d he added.<\/p>\n<p>Recall that the organized labour is billed to embark on indefinite strike on Monday, June 3, over the government\u2019s failure to implement a new minimum wage and reversal of the April 3 electricity tariff hike.<\/p>\n<p>President Bola Ahmed Tinubu on January 1 signed the 2024 N28.7 trillion appropriation bill with projected revenue of N19.7 trillion and a budget deficit of N10 trillion.<\/p><\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Federal Government said the N494,000 new minimum wage proposed by the organized labour could cripple Nigeria\u2019s economy. The Minister of Information and National Orientation, Mohammed Idris disclosed this during&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":110550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-112321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0 - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0 - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Federal Government said the N494,000 new minimum wage proposed by the organized labour could cripple Nigeria\u2019s economy. The Minister of Information and National Orientation, Mohammed Idris disclosed this during&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-02T15:24:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0\",\"datePublished\":\"2024-06-02T15:24:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg\",\"articleSection\":[\"Exclusive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/\",\"name\":\"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0 - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg\",\"datePublished\":\"2024-06-02T15:24:32+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg\",\"width\":550,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0 - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/","og_locale":"en_US","og_type":"article","og_title":"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0 - Pointblank News","og_description":"The Federal Government said the N494,000 new minimum wage proposed by the organized labour could cripple Nigeria\u2019s economy. The Minister of Information and National Orientation, Mohammed Idris disclosed this during&hellip;","og_url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/","og_site_name":"Pointblank News","article_published_time":"2024-06-02T15:24:32+00:00","og_image":[{"width":550,"height":300,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0","datePublished":"2024-06-02T15:24:32+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/"},"wordCount":280,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg","articleSection":["Exclusive"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/","url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/","name":"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0 - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg","datePublished":"2024-06-02T15:24:32+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/02\/Mallam-Mohammed-Idris.jpg","width":550,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/minimum-wage-n494000-demand-by-labour-will-cripple-economy-fg\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Minimum wage: N494,000 demand by labour will cripple economy \u2014 FG\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/112321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=112321"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/112321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/110550"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=112321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=112321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=112321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}