Minimum Wage: FG Proposes ₦62,000, Labour Demands ₦250,000
A new national minimum wage of N62,000, has been offered to the Organised Labour by the Federal Government.
Despite the slight increase of N2,000 from the initial N60,000 to N62,000, the organised labour still feels the amount proposed by the federal government is not sufficient while it reduced its demand from N494,000 to N250,000.
Earlier, President Tinubu directed Edun to present the cost implications for a new minimum wage within two days.
The President gave the order at a meeting with the government negotiation team led by the Secretary to the Government of the Federation, George Akume, at the Presidential Villa in Abuja.
Although, the Minister of Finance, Wale Edun submitted the cost implication of minimum wage to President Bola Tinubu, it has not been made public.
The new wage confirmed by a source from the organised labour told newsmen on Friday night in Abuja that, “After wasting our time, they finally came up with the offer of N62,000 which was backed by the private sector. Labour also reduced ours to N250,000. This is embarrassing,”.
Also, recall that organised labour, comprising the Nigeria Labour Congress and Trade Union Congress, had embarked on a nationwide strike on Monday to demand an increased minimum wage for workers and the reversal of the recently increased electricity tariffs.
The labour union leadership, however, suspended the strike on Tuesday for five days after signing a commitment with the Federal Government to give negotiations a chance and come up with a new minimum wage within a week.
The Nigerian Governors Forum had, earlier on Friday, said any minimum wage above N60,000 will not be sustainable.
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