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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

HURIWA Calls For Investigation Into Violence, Killings In South-east Nigeria

News

Nigerian Government Lacks Transparency On Terrorism Trials – HURIWA

Human Rights Writers Association of Nigeria (HURIWA) has accused Nigerian government of lacking transparency on the trial and prosecution of terrorism suspects in the country. The group also accused the government of mishandling the process, asserting that the entire spectacle is shrouded

December 24, 2024

Business News·News·Oil & Gas·World News

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Global oil prices rose on Tuesday, recovering from earlier losses. Brent crude futures gained $0.42, settling at $73.05 a barrel, while U.S. West Texas Intermediate (WTI) crude added $0.38 to reach $69.62 a barrel. Analysts attributed the slight increase to improved market

December 24, 2024

Entertainment·News

‘The Man Died’ Wins ‘Best Screenplay’ Award At Carthage Film Festival

The Man Died, the feature film inspired by Nobel Laureate, Wole Soyinka’s prison notes of same title, has won the Best Screenplay trophy at the 35th Carthage International Film Festival, which held from 14 to 21 November in Tunis. At the closing

December 24, 2024

Business News·News

Best Performing Penny Stocks To Invest In This December

The year is gradually ending and we’ll be in 2025 in a few days. Have you thought of the best gift to spend your money on for yourself? We have an idea for you. You could invest your money in stocks. Contrary

December 24, 2024

News·Top Stories·World News

Interesting Facts About Elon Musk, Trump’s Pick for Department of Government Efficiency (2)

Elon Musk is widely recognized as a leading entrepreneur, technology innovator, and now, a surprising pick by former President Donald Trump for a key government role. Musk’s journey, from his early days in South Africa to becoming one of the world’s most

December 24, 2024

When Hunger Meets Crowds: How To Avoid Stampedes During Yuletide Charity Drives

FEATURES·News

When Hunger Meets Crowd: How To Avoid Stampedes During Charity Drives

The festive season, particularly Christmas, is synonymous with generosity, giving, and the spirit of goodwill. Across Nigeria and beyond, individuals, organisations, and communities organise charity drives to spread joy to those in need. Food, clothing, and other essentials are distributed to the

December 24, 2024

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, 24th 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 24, 2024

What Happens If NNPC Ends Naira-for-Crude? Risks, Alternatives

Business News·FEATURES·News·Oil & Gas

Fuel Price Reductions: Are Consumers Really Benefiting?

In recent weeks, Nigeria has witnessed a series of reductions in the price of premium motor spirit (PMS), commonly referred to as petrol. The Nigerian National Petroleum Company (NNPC) led this adjustment, lowering its retail price to N965 per litre in Abuja,

December 24, 2024

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

Business News·Markets·News

Stock Market Opens Positive As Investors Continue To Hunt For Value

The Nigerian stock market started the week on a strong note, rising by 0.22% on Monday as investors continued their search for value in the equities market. With stocks like Champion Breweries, Okomu Oil Palm, and MRS driving the rally, the market

December 24, 2024

News

No Going Back On Tax reforms – Tinubu

Nigeria’s president, Bola Tinubu has stated that his administration is not ready to drop the ball on the tax reforms on stream. Tinubu, who stated this during presidential media chat on Monday night in Lagos, stressed that the reform is necessary to

December 24, 2024

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News - Page 486

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

Nigerian Government Lacks Transparency On Terrorism Trials – HURIWA

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

‘The Man Died’ Wins ‘Best Screenplay’ Award At Carthage Film Festival

Best Performing Penny Stocks To Invest In This December

Interesting Facts About Elon Musk, Trump’s Pick for Department of Government Efficiency (2)

When Hunger Meets Crowd: How To Avoid Stampedes During Charity Drives

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th December 2024

Fuel Price Reductions: Are Consumers Really Benefiting?

Stock Market Opens Positive As Investors Continue To Hunt For Value

No Going Back On Tax reforms – Tinubu

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