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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

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

News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th 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 25, 2024

News·Top Stories·World News

What To Know About Brooke Rollins, Trump’s Pick For Secretary of Agriculture

President-elect Donald Trump has nominated Brooke Rollins to serve as Secretary of Agriculture. Rollins, currently the president and CEO of the America First Policy Institute (AFPI), is a prominent conservative voice and a close ally of Trump. Her nomination has sparked discussions

December 25, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business News·Markets·News

Nigeria’s Equity Market Gains 0.82% As Investors Target Undervalued Stocks

Nigeria’s equity market continued its upward momentum on Tuesday, gaining 0.82% on the Nigerian Exchange Limited (NGX). This growth pushed the NGX All-Share Index (ASI) from 101,356.15 points to 102,186.03 points, marking a significant rally ahead of the Christmas holidays. The equity

December 25, 2024

News

Verdict: Travelling To The South East At Yuletide Can Be Fun, Agonizing And Crazy

Even if you are not directly involved because you are not from any of the South Eastern States, you can’t but feel the impact because it is rather infectious. The carrying and pulling of big and small bags by your neighbours who

December 25, 2024

News

I Always Stand By Truth In Fighting Injustice – Farotimi

Human rights lawyer and activist, Dele Farotimi, has emphasised that standing by the truth is a veritable weapon in fighting injustice. Farotimi stated that since he embarked on the cause of fighting injustice, he has never lied against anybody stressing that he

December 25, 2024

News

Latest Fashion Styles And Ideas To Rock For Xmas, New Year

The year is gradually coming to an end and that only means one thing—Xmas and New Year season is here! The festive season is a time to meet with friends and family and attend parties, whether formal or casual. These events are

December 25, 2024

Entertainment·News

10 Fun Christmas Party Games To Play With Family And Friends

It’s the Christmas season. By now, preparations must be in full swing with plans for clothes, food, and even games to play if you host a Christmas party. Even without hosting a party, you can still play games with your family and

December 25, 2024

Entertainment·News

15 Hottest Hollywood Movies To Watch This Christmas

In the spirit of Christmas, we’re ‘up-ing’ our A-game to provide you with movie recommendations for a fun holiday—whether you’re a Nollywood, K-drama, or Hollywood lover. These movies can be enjoyed indoors or outdoors at the cinemas with family and friends. This

December 25, 2024

News

100 Christmas Card Wishes, Text Messages, Greetings For Loved Ones

‘Tis the season to be jolly, fa-la-la-la-la, la-la-la-la. That’s right, it’s that time of the year to be merry and the season of seasons greetings. It’s also the time to send your loved ones those messages that leave them with goosebumps and

December 25, 2024

Naira Opens Week With Gain Across FX Markets

Business News·Currency·Markets·News

Naira Further Appreciates Against Dollar Ahead Of Christmas Holiday

Nigerian naira further appreciated both at the official and parallel windows of the foreign exchange market on Tuesday, ahead of the Christmas holiday. The local currency closed trading at the official market on Tuesday, 24 December at N1,537 per dollar. This is

December 24, 2024

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News - Page 485

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th December 2024

What To Know About Brooke Rollins, Trump’s Pick For Secretary of Agriculture

Nigeria’s Equity Market Gains 0.82% As Investors Target Undervalued Stocks

Verdict: Travelling To The South East At Yuletide Can Be Fun, Agonizing And Crazy

I Always Stand By Truth In Fighting Injustice – Farotimi

Latest Fashion Styles And Ideas To Rock For Xmas, New Year

10 Fun Christmas Party Games To Play With Family And Friends

15 Hottest Hollywood Movies To Watch This Christmas

100 Christmas Card Wishes, Text Messages, Greetings For Loved Ones

Naira Further Appreciates Against Dollar Ahead Of Christmas Holiday

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