Shopping cart

Lagoscityreporters.com is a web-based news and entertainment portal established to deliver cutting edge, incisive and knowledge-driven journalism practicelagoscityreporters.com is mandated to drive this vision through online journalism.

TnewsTnews
  • Home
  • Featured
  • NACCIMA To FG: Bring Down Prices Of Goods For Minimum Wage To Have Meaning
Business

NACCIMA To FG: Bring Down Prices Of Goods For Minimum Wage To Have Meaning

76

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the government to take decisive steps in reducing the prices of commodities in the market.

This call was made by Humphrey Ngonadi, Life Vice President of NACCIMA, following the inauguration of a 37-man Tripartite Committee on National Minimum Wage by the Federal Government.

Ngonadi emphasized that for the proposed new national minimum wage to be effective and meaningful, it must be complemented by a significant decrease in the cost of commodities.

He made this demand shortly after the committee, tasked with recommending a new national minimum wage, was inaugurated by Vice President Kashim Shettima at the council chamber of the Aso Rock Presidential Villa.

Ngonadi, in a statement released in respect to the inauguration, said: “Well, I thank God for this initiative that government is taking at this place. But I’m worried.

“We may remember some time ago, that an Udoji award was done. And that was the first time the salary of workers was increased and immediately after the increment, the commodity in the market ran up to meet it.

Comments are closed

Related Posts