Labour Rejects Nigerian Govt’s N62,000 Minimum Wage, Demand N250,000

June 8, 2024
Labour Rejects Nigerian Govt’s N Minimum Wage Demand N

Organised labour has rejected N62,000 offered by the Nigerian government and Organise Private Sector as minimum wage and instead, proposed N250,000.

This was the outcome of the new minimum wage negotiations by the Tripartite Committee, on Friday night.

Join our WhatsApp Channel

Labour had embarked on a nationwide strike on Monday, following Federal Government’s failure to meet its demands but on Tuesday, suspended the industrial action for one week to allow for the conclusion of ongoing negotiations.  Before the strike, labour had reduced its minimum wage proposal from N615,000 to N494,000.

READ ALSO: 

The Federal had said it was committed to a minimum wage above N60,000 which made the labour unions suspend the strike being optimistic that further negotiations would yield a positive result. However, with the outcome they appear to be disenchanted.

It was gathered that the leadership of the tripartite committee would forward the positions of labour and representative of the Federal Government and OPS to President Bola Tinubu who is expected to study them and send a bill to the National Assembly for the final consideration of the new national minimum wage Act.

When asked whether Labour would accept a few thousand naira additions to the last offer of the tripartite committee, the TUC boss said,  “No, we also told them that it’s not that we’d get to the table and you start adding ₦1, ₦2, ₦3,000 as you were doing and we got some good guarantees here and there that they would do something good.”

N60,000 Minimum Wage not Sustainable – Governors 

Meanwhile state governors under the auspices of the Nigeria Governors Forum (NGF) have said they can’t pay N60,000 minimum wage proposed by the Federal Government, adding that it is not sustainable.

They made their position known in a statement signed by the Acting Director, Media Affairs and Public Relations of the Forum, Mrs Halima Ahmed.

The governors appealed to the Tripartite Committee to agree on a minimum wage that would be fair and sustainable, adding that if the current proposed amount is allowed to be implemented, many states would end up spending all their monthly allocations on payment of workers’ salaries with nothing left for development projects.

“All things considered, the NGF holds that the N60,000 minimum wage proposal is not sustainable and can not fly,” the NGF stated “It will simply mean that many states will spend all their FAAC allocations on just paying salaries with nothing left for development purposes.

“In fact, a few states will end up borrowing to pay workers every month. We do not think this will be in the collective interest of the country, including workers.

“We appeal that all parties involved, especially the labour unions, consider all the socioeconomic variables and settle for an agreement that is sustainable, durable, and fair to all other segments of the society who have legitimate claim to public resources,” the governors said.

 

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

UNN Governing Council Moves To Appoint Another Acting VC Just 2 Months After Ezeokonkwo’s Election
Previous Story

UNN Elects Prof. Romanus Ezeokonkwo AS Acting Vice Chancellor

LAPTOP
Next Story

Key Standout Features of Gaming Laptop

Featured Stories

Latest from Labour

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

NLC Seeks Review of ₦70,000 Minimum Wage, Sets ₦500,000 Benchmark

Written by Amanze Chinonye The Nigeria Labour Congress (NLC) is preparing to reopen negotiations with the Federal Government over Nigeria’s national minimum wage, saying the ₦70,000 statutory wage has been eroded by rising living costs and no longer adequately meets workers’ basic needs,
UNN Governing Council Moves To Appoint Another Acting VC Just 2 Months After Ezeokonkwo’s Election
Previous Story

UNN Elects Prof. Romanus Ezeokonkwo AS Acting Vice Chancellor

LAPTOP
Next Story

Key Standout Features of Gaming Laptop

Don't Miss

Man City 4-1 Man United: Guardiola’s Side Extends EPL Lead

Kevin De Bruyne and Riyad Mahrez were the stars as
Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

The former Deputy Governor of the Central Bank of Nigeria