N70k Minimum Wage: APC Chieftain Explains Why Govt Should Be Cautious [Video]

• APC chieftain Hon Obidike Chukwuebuka has expressed concerns about the newly approved N70,000 minimum wage, warning of potential economic consequences if implemented hastily
• Obidike advised a phased implementation tied to economic growth and inflation indices to avoid sacrificing economic stability for political expediency
• The APC member stressed the need for a balance between workers’ welfare and economic realities to prevent job losses and business closures

Abuja, FCT – In a new twist, an All Progressives Congress (APC) chieftain, Hon Obidike Chukwuebuka, has expressed reservations about the newly approved N70,000 naira minimum wage, warning of potential economic consequences.

Obidike, while acknowledging the good intentions behind the move, cautioned against ignoring the drastic increase’s implications.

“The government must consider a phased implementation, tied to economic growth and inflation indices,” he told Legit.ng.“We cannot afford to sacrifice economic stability for political …