National Bureau of Statistics Nigeria’s Post

Due to rising inflation in Pakistan, it is becoming increasingly difficult for labor workers to sustain and feed their families. As we commemorate International Labour Day, let's stand in solidarity with labor workers and support them in any way possible, so they can provide sustenance for their families and live with dignity. #TheNoorProject #LabourDay #Solidarity #SupportWorkers #RisingInflation #Pakistan #InternationalLabourDay

In my opinion, labour unions must rejig their ideology and activism to align with both the true economic realities of Nigerian Workers and productive output of Workers. For the avoidance of doubt, I support living wages that help to achieve economic dignity for Nigerian Workers, but we need labour unions that are objective, balanced and selfless in our struggles for a functional Nigeria. All these Unionism during the day and politics at night will only compound our current complex social crisis. More importantly, the Nigerian government lacks the moral and humane right to propose N60,000 to Workers given the current economic realities and when elected and appointed public officials earn huge (directly or indirectly). We need a balance that pays our country, our economy and our citizens, not a few privilege people in power. God bless the Federal Republic of Nigeria. ESE, 02-06-2024, #FixingOurSharedFuture TOGETHER #DevelopmentIsDeliberate

Moghalu Recommends N100,000 Minimum Wage Former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has recommended a minimum wage of between N75,000 and N100,000 for Nigerian workers. Moghalu said Nigeria’s economy is not productive enough to support a minimum wage of N400,000 or N500,000 per month proposed by organised labour. He said there is no doubt that Nigeria can’t afford to pay between N400,000 and N500,000 if the economy is truly productive. In a post on his X handle, Moghalu said: “In the debates on national wage in Nigeria we miss the fundamental point: there is little or no productivity in the economy. https://lnkd.in/eHQg5X_k #News #Trends #Trending #primebusinessafrica #fyp #Newsupdate #Latestnews #inflation #budget #money #family #finance #tips #viral #trending #socialmedia #nigeria #news #today #pba #africa

The Nigeria Labour Congress (NLC) under Joe Ajaero's leadership has been synonymous with strikes, economic crippling, and unfortunately, loss of innocent lives. One wonders what tangible achievements the NLC has made beyond these destructive actions. It's unprecedented and alarming that a labour union would shut down the national grid, causing widespread hardship and chaos. This extreme measure raises questions about the true motives behind the strike. Is it genuinely about fighting for workers' rights or a political ploy to exert pressure? Even if the NLC reaches a settlement with the government, can Joe Ajaero bring back the lives lost in hospitals due to the strike? The human cost of these actions cannot be ignored. Furthermore, the demand for a minimum wage of 494,000 naira is unrealistic, especially for the private sector. The percentage of civil servants in Nigeria compared to private sector workers is minimal, yet the NLC's demands fail to consider this disparity. Nigerians must recognize Joe Ajaero's strike for what it is – a politically motivated move. The NLC leader has transformed into a political leader, prioritizing personal interests over the welfare of workers. It's time for Nigerians to rise against this destructive trajectory and demand constructive leadership that benefits all. I am DOKITA OLAMIDE Economist | Radio & TV host | MC | music artist | master in voice over & jingles | content writer

An increasing number of skilled workers are leaving Pakistan in search of better opportunities abroad, driven by one of Asia’s highest inflation rates, surging food and energy prices, and a depreciating currency.  In response to the country’s worsening economic situation, the government has introduced controversial reforms, such as raising corporate taxes and utility rates. These steps are part of a recent $7 billion loan agreement with the International Monetary Fund, intended to prevent national bankruptcy.  However, these measures have led to more potential taxpayers emigrating to wealthier countries. What does this mean for Pakistan’s economic and political future? Entitled : What’s Driving Pakistan’s Middle Class Brain Drain? A must watch documentary by Bloomberg featuring Asad Ejaz Butt

ILO Statistics on Labour Migration in Tanzania [29 October 2024] https://lnkd.in/ga79iumS or https://lnkd.in/gmMSDAwu This policy brief highlights the importance of labour migration statistics for data-driven decision-making and improved migration governance. It discusses Tanzania’s role as both a source and destination country for migrants, the challenges faced by migrants, and the need for enhanced data collection and policy frameworks to address these issues effectively.

The Nigerian Labour Congress is pushing back against the National Bureau of Statistics (NBS) report claiming a drop in unemployment rates to 4.3%! They argue it's a "fiction" that does not reflect the harsh economic realities faced by many Nigerians. Even the Organised Private Sector is joining the chorus of dissent, asserting that the report misrepresents our true economic conditions. Read more at https://lnkd.in/eabZvG3X #NBS #LabourCongress #NigerianEconomy #EntrepreneurNg

Forced labour in the private economy generates $236 billion in illegal profits per year, a new report from the International Labour Organization (ILO) has found. It is a 37% ($64 billion) jump in illegal profits since 2014 - fuelled by both an increase in the number of people forced into labour and higher profits from the exploitation of victims. Together, we must stop traffickers from making money out of human misery. Read the full ILO report here: https://lnkd.in/em6D3f2E #ModernSlavery #HumanTrafficking #Justice

The NIGERIA LABOUR CONGRESS (NLC) has given state governments an ultimatum to fully implement the new minimum wage by December 1, 2024, or face an indefinite strike. In a statement released after its National Executive Council (NEC) meeting, the NLC criticized the slow pace of the wage increase across the country and accused fuel marketers of inflating petrol prices, a move which many have claimed to worsen the hardship faced by ordinary Nigerians. READ THE FULL STORY AT https://lnkd.in/dQkmaF4a #remoteworknews #news #newsupdate #tech #technews #ict #technewsupdate #techworld #techgeek #geek #computer #computernews #computernewsupdate #modernlife #trends #techtrends #computertrends #icttrends #techmagazinenews #globaltech #globaltechnews #globalnewsupdate #Nigerialabourcongress #Minimumwage

Nigerians and Nigerian policy makers must understand this " The rate of capital accumulation is a function of the proportion of the labour force employed productively. Profits earned by employing unproductive labour are merely transfer of income; unproductive labour does not generate wealth or income"- Mills theory. * We cannot come to work two or three days in a week, spend less than 3 hours at work, collect bribe to move a file, negotiate for increased wages above market level without increase in productivity, japa and still be collecting salary etc and still want economic growth.