, Festus Osifo says government officials have not demonstrated cost reduction){kind=link}
The President of the Trade Union Congress (TUC), Festus Osifo says government officials have not demonstrated cost reduction as they still go about with “endless convoys” despite the effects of fuel subsidy removal on the masses.
Osifo also decried the cost of governance while drawing attention to the dwindling capital expenditure
He said Labour proposed N200,000 as the new minimum wage from N30,000 because it anticipated that the government would float the naira and allow market forces to determine the exchange rate of the national currency.
He argued that the value of N30,000 five years ago when the minimum wage was last reviewed has so far reduced with mounting inflation rates, soaring food prices and transport fares, amongst others.
The Federal Government had on Monday resumed negotiations with the Nigeria Labour Congress (NLC) and the TUC on measures to alleviate the impacts of the removal of the petrol subsidy on Nigerians.