Minimum Wage: NLC Denies N100,000 Agreement, Plans Next Move

May 25, 2024
NLC To Embark On Warning Strike On Tuesday

In response to reports, the Nigeria Labour Congress (NLC) has denied settling on an N100,000 minimum wage.

Speaking to PrimeBusiness Africa on Saturday, an NLC official dismissed the rumors as “fake news” and emphasized that the Congress’s strategy remains confidential.

Join our WhatsApp Channel

“Under the current economic conditions, there is no way N100,000 minimum wage will help any Nigerian,” stated the official. The NLC highlighted the impracticality of the proposed amount, citing the high cost of living in Nigeria. “How much is a bag of rice in the market? If you buy one bag of rice at N70,000, how much will you have left to pay for your utility bills, school fees, transportation, and even for your medicals?”

The NLC’s concerns reflect the broader economic struggles faced by many Nigerians. The official explained that before proposing a new minimum wage of N615,000, the Congress conducted extensive surveys across the country to understand the financial realities workers face.

“We have our next plans kept close to our chests. We have learned our lessons from previous negotiations,” the official continued. The NLC is wary of misinformation and attempts to undermine its efforts. “We are aware that some people are planting stories in the media to discredit labour, but we will not be deterred.”

READ ALSO: Minimum Wage Negotiations: Labour Rejects Government’s N54,000 Offer

The Congress’s cautious approach comes as it prepares for a crucial meeting on Monday, where the National Executive Committee will review ongoing negotiations and deliberate on the next steps. This meeting is expected to address the broader implications of the current economic crisis and set the stage for future actions.

The minimum wage debate in Nigeria is not new. Previous discussions have often led to strikes and industrial actions. Recently, labour walked out on the federal government over a proposal for an N48,000 minimum wage, signaling ongoing dissatisfaction with the government’s offers.

As the NLC prepares for its upcoming meeting, workers across the country await the outcome. The official’s statements underscore the Congress’s commitment to securing a wage that meets the basic needs of Nigerian families amidst the rising cost of living. The NLC’s insistence on a higher minimum wage reflects the dire economic situation and the urgent need for a sustainable solution.

For now, the Congress remains tight-lipped about its next move, keeping stakeholders and observers on edge. The outcome of Monday’s meeting could significantly impact the country’s labour landscape, determining the direction of future negotiations and potential industrial actions.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?
Previous Story

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

IMG WA
Next Story

We Need A New Generation Of Pan Africanists – Uyo Varsity VC

Featured Stories

Latest from Business

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.

NGX Closes With N220bn Gain As Traders Exchange N29bn Shares

The Nigerian Exchange (NGX) recovered from the loss recorded on Wednesday, March 4, with a N220.74 billion gain on Thursday, March 5, as the bourse’s market capitalisation grew to N126.31 trillion. According to the NGX, also known as the stock market, the
Rising Cost Of Drugs Takes Toll On Nigerian Patients As FX Scarcity Hits Hard

Mecure, Fidson… Five Largest Pharmaceutical Companies In Nigeria

The market valuation of the six pharmaceutical companies listed on the Nigerian Exchange (NGX), also known as the stock market, increased by N548.35 billion between January 2, 2025, and February 20, 2026, according to analysis by Prime Business Africa. Fidson Healthcare, Mecure

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent amid the ongoing fighting involving the United States, Israel and Iran. Liquefied Petroleum Gas (LPG) now sells for about 1,400 naira per kilogramme at retail outlets in parts of Lagos, up from
Naira Ends Week With N30 Gain In Black Market: Hope For Naira?
Previous Story

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

IMG WA
Next Story

We Need A New Generation Of Pan Africanists – Uyo Varsity VC

Don't Miss

Duru Commends Conduct Of Delegates, Aspirants At APC Presidential Primary 

Nze Chidi Duru has applauded the processes and outcome of

Nigerian Stock Market Down By N150.24bn, PZ Cussons, Chams Among Losers

Shareholders of PZ Cussons, Chams, and others on the decliners