What do you believe is the single most important factor driving up the cost of living in Nigeria?

This was according to a statement by the National President of NACCIMA, Dele Oye, on Thursday.

The statement read, “NACCIMA commends the Federal Government’s decision to commence the payment of the new minimum wage of N70,000.

“However, we express concerns about the threat of imprisonment for defaulters as this is unhelpful.

‘While we expect state and local governments that have not yet implemented the new minimum wage to do so, we urge the government to engage with stakeholders, including the labour unions, in a collaborative manner to address the complaint of Labour regarding the alleged breach of contract on the increase in the price of fuel and the economic challenges facing businesses and workers.”

PUNCH Online reported that the FG, on September 19, 2024, called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would not be tolerated.

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