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.

emmmmmm
+ posts

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.

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

Cost Of Borrowing Pulling Down Geregu's Profit

Cost Of Borrowing Pulling Down Geregu’s Profit

Despite a double-digit growth in Geregu Power’s top line, the company’s bottom line declined amid rising interest payments on its borrowings. Prime Business Africa gathered that Geregu’s revenue grew by 34.86 percent to N184.93 billion in 2025, rising from the N137.12 billion
John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

NGX Extends Upward Movement With N880bn Gain

The market capitalisation of the Nigerian Exchange (NGX) increased by N880.34 billion to N114.37 trillion on Wednesday, from the N113.49 trillion valuation recorded on Tuesday, February 10. Also, the all-share index (ASI) expanded to 178,184.35 ASI, from 176,809.42 ASI, representing a gain
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

Edo Election: INEC Uploads 98.58% Results On IReV

Presiding officers from Polling Units (PUs) in the 2024 governorship

Former Senate President Thumbs Up ‘Soaring’ Flying Eagles Despite U-20 World Cup Exit 

Former Senate President, Dr Bukola Saraki has joined eminent Nigerians