“The tripartite committee has spent quite a long time discussing, engaging and consulting before we arrived at the figures that we eventually came up with. 62,000 (naira) for the private sector, 62,000 (naira) by the federal government and then on the last lap, labour came up with the 250,000 (naira) figure.
“Are those figures justified within the context of the realities of each party? I would say yes. We now have to subject those figures to a different dynamic that is beyond all of us. One of them, the economic context, the economic dynamics, because everything basically rests on the economy. Can the economy carry it? Can organised businesses as it currently constitutes, can it carry it?
