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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.

Nigeria Labour Congress Gives Government Two Weeks to Cut Petrol Prices, Resume Wage Talks

October 9, 2026

The Nigeria Labour Congress (NLC) has given the federal government two weeks to reduce petrol prices, begin negotiations for a new national minimum wage and implement outstanding agreements with workers, warning that

Africa·News·Oil & Gas·Top Stories

Cape Town to Host African Energy Week 2026 from October 12

October 9, 2026

More than 10,000 delegates are expected in Cape Town from October 12 to 16 for African Energy Week (AEW) 2026, where African governments, energy companies and international investors will discuss financing, partnerships

Why 7% Education Budget In 2025 Will Not Bring Any Change – ASUU

News·Politics

Why 7% 2025 Education Budget Will Not Bring Any Change – ASUU

The Academic Staff Union of Universities (ASUU) has criticised the Federal Government for allocating only 7% (N3.52 trillion) of the 2025 budget to education. The union argues that this allocation falls short of the 15-20% benchmark recommended by UNESCO and UNFPA for

January 1, 2025

Finland Visa Approved with Rubber Stamp and flag

News

Finland Visa 2025: All You Need To Know

Have you written down your New Year’s goals and resolutions yet? Perhaps one includes relocating from Nigeria for either school or work purposes. Many countries offer easy-to-acquire study visas that would make the best destination for your studies in 2025 if that’s

January 1, 2025

Northern Leaders Accuse Tinubu Of Imposing Tax Reforms On Nigeria, Say Action Undemocratic

News

New Year Message: Tinubu Restates Commitment To Reducing Inflation To 15% In 2025 (Full Text)

Nigeria’s President Bola Tinubu, has restated his administration’s commitment to reducing inflation to about 15% as proposed in the 2025 national budget. Here is the full text: Fellow Nigerians, As we enter 2025, I wish everyone a happy and prosperous New Year.

January 1, 2025

News

Water Scarcity Lingers In FCT For 2 Months: Kado Estate Residents Petition Wike

Residents of Kado Housing Estate (Phases 1 and 2) of the Federal Capital Territory (FCT) have appealed to Nigeria’s Minister of FCT, Barrister Ezenwo Nyesom Wike, to end the lingering water scarcity in the area. In a letter co-signed on behalf of

January 1, 2025

News·Top Stories·World News

2025 Is ‘Year of Demilitarisation of Africa’- PeacePro Declares

Djibouti, Somalia and Kenya are priority for demilitarisation As 2025 starts on a new note, following the significant momentum gained in 2024 in the campaign to close foreign military bases across the continent, the Foundation for Peace Professionals, also known as PeacePro,

January 1, 2025

Business News·FEATURES·News

Inflation: Will Tinubu’s Economic Reforms Save Nigerians Or Break Them In 2025?

Inflation has been described as the cruellest tax, silently eroding purchasing power and deepening poverty. In Nigeria, the situation has reached alarming heights, with inflation hitting 34.6%—a 28-year high. The government has set an ambitious target to reduce it to 15% by

January 1, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business News·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, January 1st, 2025

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki Fx as

January 1, 2025

News·Top Stories·World News

What To Know About Jay Clayton, Trump’s Pick For Manhattan US Attorney

President Donald Trump’s selection of Jay Clayton as his nominee for U.S. attorney for Manhattan has sparked discussions about his qualifications and potential challenges. Clayton, a corporate lawyer and former Wall Street regulator, previously served as chair of the Securities and Exchange

January 1, 2025

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business News·Markets·News

Nigeria’s Equity Market Closes Year Lower As Investors Lose N136bn

Stock Price Declines Lead to Market Drop The Nigerian equity market ended the year on a negative note, as investors lost ₦136 billion at the close of trading on Tuesday. The drop was largely driven by a decrease in the share prices

January 1, 2025

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business News·Currency·Markets·News

Naira Falls By 69% YoY To N1,535 Per Dollar At Official Market

The Nigerian naira crashed by 69.21 per cent year-on-year following foreign exchange market reforms that led to devaluation of the local currency. According to official foreign exchange market data published on the Central Bank of Nigeria (CBN), website, the naira closed trading

January 1, 2025

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News - Page 478

Nigeria Labour Congress Gives Government Two Weeks to Cut Petrol Prices, Resume Wage Talks

Cape Town to Host African Energy Week 2026 from October 12

Why 7% 2025 Education Budget Will Not Bring Any Change – ASUU

Finland Visa 2025: All You Need To Know

New Year Message: Tinubu Restates Commitment To Reducing Inflation To 15% In 2025 (Full Text)

Water Scarcity Lingers In FCT For 2 Months: Kado Estate Residents Petition Wike

2025 Is ‘Year of Demilitarisation of Africa’- PeacePro Declares

Inflation: Will Tinubu’s Economic Reforms Save Nigerians Or Break Them In 2025?

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, January 1st, 2025

What To Know About Jay Clayton, Trump’s Pick For Manhattan US Attorney

Nigeria’s Equity Market Closes Year Lower As Investors Lose N136bn

Naira Falls By 69% YoY To N1,535 Per Dollar At Official Market

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