The NECA director-general cautioned against arbitrary wage proposals.
According to him, while there are signs of improved investor confidence, many domestic businesses, particularly MSMEs, continue to face operational challenges.
The DG said the ICJ did not define the content, scope or conditions for exercising strike rights in member states.
“Policies that disregard science, economic realities, and regulatory coherence risk doing more harm than good,” said NECA.
NECA and NSITF have renewed calls for the effective nationwide implementation of the Employee Compensation Act 2010.
They described the bill as inconsistent with international standards.
He said disruptive actions that threatened national interests were unacceptable in modern labour relations, and NECA would not remain silent.
NECA DG said the modest rate cut must translate into real economic benefits for households and businesses across Nigeria to have a meaningful impact.
Mr Oyerinde said that the increase showed recognition of the value of workers.
According to Mr Rafsanjani, the dignity of labour and national productivity could no longer be negotiable.
