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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

Nigerians Divide As Warri Refinery Resumes Operation

Business News·News·Oil & Gas

Nigerians Disagree As NNPCL Reports Warri Refinery Working

The Nigerian National Petroleum Company Limited (NNPCL) has announced the partial resumption of operations at the 125,000-barrel-per-day Warri Refinery, sparking mixed reactions from Nigerians. The Warri Refining and Petrochemical Company (WRPC), located in Delta State, had been dormant for years due to

December 30, 2024

Strong Participation In Stock Trading Pushes Nigeria’s FPI To N1.81trn In July 2025

Business News·News

What Naira Means To Nigerians: Stories Of Pride, Struggle, Resilience

For many Nigerians, the naira is more than just a currency; it is a symbol of national identity and economic survival. Yet, in recent years, its journey has mirrored the struggles of the Nigerian economy. With the naira losing more than two-thirds

December 30, 2024

News·Top Stories·World News

What To Know About Alina Habba, Trump’s Pick For Counselor To The President

Alina Habba is a New Jersey-based attorney who has played a significant role in defending Donald Trump in various legal battles. She gained prominence as part of Trump’s legal team, representing him in high-profile cases, including a civil fraud trial and defamation

December 30, 2024

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

Business News·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 30th December 2024

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

December 30, 2024

Business News·News

15 Tips To Manage Your Finance Well In 2025

Managing your finances is more important than ever as we approach 2025. Economic uncertainties and rapid changes in technology make financial literacy essential. Good financial management will help your finances, your business effectively use resources, fulfil commitments to your stakeholders, gain competitive

December 30, 2024

World News

Ex-US President, Carter, Passes On At 100

Former United States President, Jimmy Carter, has died at the age of 100. This was confirmed in a statement released by the Carter Centre on Sunday. The Centre said he died in Plains, Georgia on Sunday afternoon. Carter, who was the 39th

December 29, 2024

Business News·News

Top 10 Best-performing Banks In Nigeria

Heartbreak hurts, but then have you experienced trying to withdraw the last money in your account and you get debited without the receiver getting anything? To make it all worse, you visit your bank and are asked to wait for at least

December 29, 2024

South Korea’s December will forever be remembered as a month of unprecedented political turmoil and national tragedy

World News

South Korea’s Political Crisis, Devastating Plane Crash Mark Tragic End To 2024

South Korea’s December 2024 will forever be remembered as a month of unprecedented political turmoil and national tragedy. A series of crises climaxed with the impeachment of President Yoon Suk Yeol, the removal of Prime Minister Han Duck-soo, and a devastating plane

December 29, 2024

Business News·News

Why Nigerian Govt Fails To Meet 6,000MW Power Target – Minister

The Nigerian government’s goal to achieve a power generation capacity of 6,000 megawatts (MW) by December 2024 has been derailed due to repeated vandalism of key transmission infrastructure. Minister of Power, Adebayo Adelabu, stated that the consistent attacks on electricity towers have

December 29, 2024

World News

Plane Crash In South Korean Airport Kills 179

Not less than 179 people were killed on Sunday when an aircraft operated by Jeju Air crash-landed at Muan International Airport in South Korea. The plane carrying 181 passengers was said to have skidded off a runway and hit a concrete fence at the

December 29, 2024

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News - Page 480

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

Nigerians Disagree As NNPCL Reports Warri Refinery Working

What Naira Means To Nigerians: Stories Of Pride, Struggle, Resilience

What To Know About Alina Habba, Trump’s Pick For Counselor To The President

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 30th December 2024

15 Tips To Manage Your Finance Well In 2025

Ex-US President, Carter, Passes On At 100

Top 10 Best-performing Banks In Nigeria

South Korea’s Political Crisis, Devastating Plane Crash Mark Tragic End To 2024

Why Nigerian Govt Fails To Meet 6,000MW Power Target – Minister

Plane Crash In South Korean Airport Kills 179

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