More
    HomeNewsFemi Falana: Recovered Loot Can Fund Minimum Wage Payments

    Femi Falana: Recovered Loot Can Fund Minimum Wage Payments

    Published on

    By Milcah Tanimu

    Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, asserts that both federal and state governments can afford to pay the national minimum wage if they recover looted funds. Speaking in an interview with Channels Television, Falana emphasized the potential for financial resources within the government’s reach.

    “The state governments that are saying they have no money to pay, the money is there. All they need, including the Federal Government, is to muster the political will to collect and recover money either looted or withheld from the federation account,” Falana stated.

    This statement comes amidst ongoing negotiations between organized labour and the federal government over the new minimum wage. Labour initially demanded N62,000, which the federal government rejected. In a recent meeting of the Tripartite Committee on the New Minimum Wage held in Abuja, labour reduced its demand to N250,000 from N494,000, while the federal government slightly increased its offer from N60,000 to N62,000.

    The implementation of the proposed minimum wage is expected to be delayed until July 2, due to the National Assembly’s holiday schedule. During the interview, Falana urged Nigerian authorities to show the necessary political will to pay the minimum wage, highlighting the availability of funds through the recovery of looted assets.

    Latest articles

    Group rejects suspension of mining in Northern region

    The President of Gemstones Miners and Marketing Association of Nigeria (GMMAN), Niran Ajibade, has...

    Gov Abiodun presents N1.66trn 2026 budget proposal to Ogun Assembly 

    Governor Dapo Abiodun has presented a N1.66 trillion appropriation bill for 2026 before the...

    NDIC to partner NIESV on failed banks’ assets valuation

    The Nigeria Deposit Insurance Corporation (NDIC), has underscored the necessity of a deeper collaboration...

    CBN announces new withdrawal limit, removes deposit cap

    The Central Bank of Nigeria, CBN, has announced a comprehensive revision of cash-related policies,...

    More like this

    Group rejects suspension of mining in Northern region

    The President of Gemstones Miners and Marketing Association of Nigeria (GMMAN), Niran Ajibade, has...

    Gov Abiodun presents N1.66trn 2026 budget proposal to Ogun Assembly 

    Governor Dapo Abiodun has presented a N1.66 trillion appropriation bill for 2026 before the...

    NDIC to partner NIESV on failed banks’ assets valuation

    The Nigeria Deposit Insurance Corporation (NDIC), has underscored the necessity of a deeper collaboration...