Pensioners Criticise N70,000 Minimum Wage
Southwest pensioners have opposed the newly implemented N70,000 minimum wage signed into law by President Tinubu. They argue that the wage is inadequate due to the sharp rise in petrol prices. The Nigeria Union of Pensioners (NUP) made this declaration during their zonal meeting in Ado Ekiti. The pensioners demand a higher wage to reflect the current economic realities.
Demand for N250,000 Minimum Wage
The pensioners urged Nigerian labour unions to push for a N250,000 minimum wage, reflecting current economic challenges. Dr Olusegun Abatan read a communique, asking the government to reconsider the impact of rising fuel prices. He emphasized the severe effects of inflation on both retirees and workers. The pensioners demand immediate action to address these economic hardships.
Fuel Price Increase Sparks Outrage
Abatan criticised the timing of the fuel price increase, which followed immediately after the new minimum wage was announced. “The government took advantage of the inexperience of labour leaders by increasing fuel prices right after the wage agreement. The current N70,000 barely covers the cost of 60 litres of petrol,” he stated. The pensioners insisted that the wage must be reviewed to better match economic realities.
Call for Local Government Autonomy
In addition to their wage demands, the pensioners urged that any local government autonomy reforms should not disrupt pension payments to retired local government workers and primary school teachers. They expressed concern over potential mismanagement of funds, which could leave pensioners and employees without their due payments.
Appeal for 33% Pension Increase Implementation
The NUP commended Southwest governors for their improved attitude towards senior citizens but pointed out that only Ondo State had implemented a 33% pension increase. The pensioners appealed to other state governments in the region to follow suit and adjust pensions in line with the 2019 increase granted to workers.
No Disruption to Salaries and Allowances
Lastly, the pensioners called on the federal and state governments to ensure that salaries of local government workers, primary school teachers, and traditional rulers remain intact during any restructuring. They warned that any lapses in funding could lead to widespread unrest, especially if local governments return to an era of zero allocation.
Follow us on Socials: