Atiku Bagudu, the Minister of Budget and Economic Planning, has weighed in on the contentious issue of the proposed ₦62,000 minimum wage for Nigerian workers under the Tinubu-led administration.
Bagudu clarified that the reluctance of governors to accept this wage figure is rooted in the financial constraints faced by states and local governments across the country.
Speaking at a press briefing, Minister Bagudu acknowledged the significance of the ₦62,000 minimum wage proposal in enhancing the living standards of workers. However, he emphasized that many states find it challenging to commit to such an increase due to their limited financial resources.
"The fiscal realities confronting states and local governments present a considerable hurdle in implementing such a substantial hike in the minimum wage," Bagudu explained.
He further elaborated on the constitutional provisions guiding the periodic review of minimum wage, stressing the need for balanced legislation that considers both the welfare of workers and the economic sustainability of states.
"The Tinubu administration prioritizes equipping Nigerians with skills in a shift towards a skill-based economy, aiming for prosperity where individuals, including workers, can achieve substantial earnings," Bagudu highlighted.
"The President is dedicated to enhancing the prosperity of Nigerians through affordable housing, food, and transportation, alongside infrastructure development crucial for national growth," he added.
Bagudu commended President Tinubu and Governor Nasir Idris of Kebbi State for their efforts in improving the living conditions across various sectors of society, particularly noting their initiatives during the Eid-el Kabir celebrations.
The minister's remarks underscore ongoing discussions and challenges surrounding the proposed minimum wage increase, reflecting the complex interplay between economic realities and the aspirations for improved living standards among Nigerian workers.
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