The Nigerian government’s plan to increase the minimum wage to N62,000 may lead to financial difficulties for many states, according to a report by the Nigeria Governors’ Forum.
The report warns that implementing the new minimum wage could push states into bankruptcy due to increased recurrent expenditure, with only 10 states remaining financially stable.
Labour unions have reacted to the stance of the Nigeria Governors’ Forum, rejecting the governors’ attempt to take over minimum wage negotiations.
Despite the challenges, some states like Zamfara have announced plans to implement the N30,000 minimum wage, while others like Enugu have already implemented it for state and local government workers.
