Business News
Minimum Wage: To stay in govt, NLC wants to force us to print more money, says Buhari
President Muhammadu Buhari says the Nigerian Labour Congress (NLC) wants to force his government to print more money to meet their demands.
Speaking in an interview with Arise TV, the president asked the NLC how they expect his government and state governors to get N30,000 minimum wage, considering the struggle to pay N18,000.
“I have just mentioned how much this country was earning between 1999 and 2014, but there are states that were not paying salaries,” Buhari said.
“We had to do what you call bailout twice and then paid Paris Club and whatever it is, up till now there are states that for six months are not paying one kobo.
“So when the recruited labour wanted salaries to be increased, I had to relapse into my culture, Hausa culture, and told them about a mad woman; she went to make firewood, she made firewood, she tied it, once she couldn’t carry it because it was too heavy, she increased it instead of reducing.
“When they can’t pay the basic salary of N18,000 per month, they say it should go to N30,000. My budget presentation was no secret, I read it all out. Where do we get the money?
“Do we print more currency? If you do it, you cannot control inflation, but if we have to stay in government, they would force us to print more money, let everybody be a millionaire.”
The president said he needs the sympathy of the elite to take an in-depth study of our economic problem.
“God has certainly blessed this country, we are rich in people, we are rich in resources, but we have a problem of performance, time factor.
“We have to quickly exploit our resources, we have started with agriculture, we hope we would make progress with solid minerals as much as we made with agriculture, and then stabilise the oil sector.
“But really, we have to do the infrastructure, because I firmly believe if we do the infrastructure; the roads, the rail, the power, Nigerians will mind their own businesses, but how much will it take?”
The federal government has, however, said the national minimum wage bill will be transmitted to the national assembly on or before January 23.
-
Society News4 years ago
Jamaican man beheads wife after finding out their 6 kids are not his
-
Society News6 years ago
EXCLUSIVE: The Complete Story of Dolapo Awosika, John Fashanu and Prophet Kasali Sex Mess
-
News4 years ago
Pastor Osagie Ize-Iyamu, His Membership Of Secret Cult, And Other Issues Touching On His Public Credentials Examined by Barr. PATRICK I. BIOSE
-
News4 years ago
BREAKING: Ajimobi’s daughter-in-law blast Gov. Makinde, says gov can’t surpass ex-Oyo gov
-
News4 years ago
BREAKING: 2 arrested as NAF begins investigations into Tolulope’s death
-
Crime5 years ago
Exclusive: Female Aide Fingered In Oko Oloyun’s Murder + Banking Transactions That Nailed Husband
-
News4 years ago
BREAKING: Police take over Edo House of Assembly as APC, Oshiomhole move to seize control
-
Society News5 years ago
The Rise and Fall of “Jumoke The Bread Seller”
You must be logged in to post a comment Login