THE Nigeria Civil Service Union (NCSU), on Wednesday, regretted that salaries of civil servants have remained poor and further made worthless by inflation, even as the union celebrates its 100 years of existence as the first trade union in the country.

Speaking at the inauguration of its new national secretariat, named Centenary House, in Abuja, its national president, Kiri Mohammed, lamented the fact that some state governments had refused to implement the new national minimum wage.

“It is sad to note that since the implementation of the new minimum wage by the Federal Government, some state governments are yet to implement the Minimum Wage Act 2011. This union calls on the state governments involved to conclude negotiations with labour and effect the payment without further delay.

“The payment of the new salary will invariably increase the productivity of civil servants, whose present salaries have been made worthless by inflation. Our challenges as a nation are numerous and in-exhaustible, but we shall continue undeterred in the struggle,” he said.

Mohammed said 100 years of unionism in Nigeria had been worthwhile.

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written by palm1, August 30, 2012

How on earth can a banker even try to suggest a high denomination which he knows best that it will dry up smaller notes and increase the cost of other goods(inflation)
All the developed countries are ending their denomination at 20 while some that had 50's restricts them from the internal circulation and conterfeit.
Nigeria should advocate the electronic transaction and cashless business instead of printing more notes, the time has past for the note and cash transactions.
Please CBN chief re-think your plan for this old taught of notes printing and cash laundering in Ghana must go bags .
...Tabugbo London

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