Why Governors Rejected ₦62,000 Minimum Wage

Budget Minister discussed the proposed ₦62,000 minimum wage, explaining that state and local governments struggle to accept it due to limited financial resources.
Bagudu emphasized the administration’s commitment to improving living standards through skills development, affordable housing, food, and transportation.
He praised President Tinubu and Governor Nasir Idris for their efforts to enhance living conditions and drive national growth.

EKO HOT BLOG reports that the Minister of Budget and Economic Planning, Atiku Bagudu, addressed the contentious issue of the proposed ₦62,000 minimum wage for Nigerian workers over the weekend.

Bagudu explained that the governors’ reluctance to accept this figure stems from the limited financial resources available to the states and local governments.

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He pointed out that while the ₦62,000 wage proposal is seen as a necessary step towards improving the living standards of workers, some states have only reluctantly accepted it due to their constrained financial inflows.

“The fiscal realities that states and local governments face make it challenging to commit to such an increase in the minimum wage,” he stated.

He said: “The constitution has made provision to guide the President to send legislation to the National Assembly periodically on issues of minimum wage for the best outcome.

“The Tinubu administration wants all Nigerians to be skilled as its first priority under a skill based economy where the people, including workers, can earn millions of naira

“The President intends to make Nigerians more prosperous with cheap housing, cheap food, cheap transport and availability of structures for national growth and development.