Federal Workers Forum Urges Government Not to Devalue Naira After New Minimum Wage Implementation
In a recent meeting, the Federal Workers Forum (FWF) has advised the Nigerian government, led by President Bola Ahmed Tinubu, against devaluing the naira following the implementation of the new national minimum wage. The forum, represented by its National Coordinator, Comrade Andrew Emelieze, emphasized the importance of maintaining the value of the currency to ensure economic stability for federal workers.
The Nigeria Labour Congress (NLC) has been advocating for a new national minimum wage, especially after the removal of subsidy on Premium Motor Spirit (PMS). While the FWF commended the government for introducing the wage award, they stressed the need to address outstanding arrears owed to federal workers and announce the new minimum wage on Workers Day, May 1, 2024.
Emelieze highlighted the challenges faced by federal workers in Nigeria, citing the rising cost of living and the impact of subsidy removal on petrol prices. He emphasized the importance of a living wage for federal workers, stating that the current ₦35,000 palliative was insufficient to meet their needs.
The FWF called for a minimum wage that reflects the economic realities faced by federal workers, with Emelieze noting that a daily survival budget would require around ₦10,000. The forum emphasized the need for justice and fairness in wage negotiations, urging the government to prioritize the well-being of federal workers.
In conclusion, the FWF urged the government not to devalue the naira post-implementation of the new minimum wage, emphasizing the need to uplift federal workers from poverty. The forum’s stance reflects a strong commitment to advocating for the rights and welfare of federal workers in Nigeria.
