The raging controversy over the proposed new minimum wage remains unabated.
On Thursday, Chairmen of the 774 local governments said they would not be able to pay N62,000.
They dismissed the N250,000 proposal by organized labour as unaffordable.
N62,000 is the proposed amount as agreed to by the Federal/State Governments and the Organised Private Sector (OPS) at the conclusion of negotiations by the Tripartite Committee.
President Bola Ahmed Tinubu on Wednesday announced plans to send the agreed amount to the National Assembly for legislative action.
But labour insisted there is no agreement yet.
Yesterday, the Supreme Court reserved judgment in the dispute between the Federal Government and State governments over autonomy for the local government councils.
Also, the Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, warned that without a corresponding boost in productivity, the proposed increase in minimum wage could spell economic disaster for the country.
Speaking through Association of Local Governments of Nigeria (ALGON) chairman Aminu Muazu-Maifata, said local government cannot pay the wage due to financial constraints.
He said the allocation to the local governments from the Federation Account were meagre.