Minimum Wage: We Won’t Go Back On N250,000 Demand- TUC Insists

July 10, 2024
Minimum Wage: We Won't Go Back On N250,000 Demand- TUC Insists

Labour Leaders Stand Firm on Minimum Wage

The Organized Labour still insists that the N250,000 benchmark remains the ideal minimum wage for workers in Nigeria, according to the President of the Trade Union Congress, Festus Osifo.

Speaking on Tuesday, Osifo reiterated this stance during the Petroleum and Natural Gas Senior Staff Association of Nigeria Women Commission’s maiden Annual Convention in Abuja.

Join our WhatsApp Channel

Government and Labour in Talks

Osifo emphasized that the Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC) are actively engaged in discussions with Federal Government officials to finalize an agreement on the new minimum wage.

“The minimum wage negotiations cannot be dead. The 2019 minimum wage took about two years to see the light of day. We started the negotiations in 2017,” Osifo said.

The discussions on a new national minimum wage paused as President Bola Tinubu opted to consult with various stakeholders before submitting the bill to the National Assembly.

“So where we are today, we submitted the divergent position in June. Mr. President came out to say he wanted to consult across the board—governors, local government chairmen, organized private sector, and labour. We are doing some level of reach-out and conversations,” Osifo added.

READ ALSO: Nigerian Govt Pushes N62,000 Pay, Says N250,000 Minimum Wage Demand Unsustainable

Current Agreement and Labour’s Demands

Currently, the Federal Government and the Organized Private Sector have agreed on N62,000 as the new minimum wage.

However, labour unions are pushing for a significantly higher benchmark of N250,000. Speaking at the convention, Osifo clarified that negotiations have not been abandoned.

“We promised you when we started in January that we would ensure this one is fast-tracked so we do not repeat the two-year delay we faced in 2019,” he said.

Stakeholder Consultations in Progress

Osifo highlighted the importance of stakeholder consultations in the process. “The President wanted further consultations before submitting the minimum wage bill to the National Assembly. We are working internally to ensure this bill will be submitted soon.

We still insist on the N250,000 benchmark as the ideal minimum wage,” he stated.

The theme of the convention, ‘The Dynamic Woman: Navigating Challenges in a Constantly Evolving World,’ reflects the broader challenges faced by workers in Nigeria, particularly in securing fair wages.

Osifo’s comments underscored the commitment of labour unions to achieving a fair minimum wage that addresses the needs of the poorest workers.

Ongoing Efforts to Secure Fair Wages

The insistence on N250,000 underscores the ongoing efforts by labour unions to secure fair compensation for workers.

Osifo’s remarks at the convention serve as a reminder that, despite delays and challenges, the pursuit of a fair minimum wage remains a top priority for organized labour in Nigeria.

“We are doing some level of internal work so that this bill will be submitted in earnest soon,” he concluded.

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.

Intra-Africa Trade: Nigeria Ranks Fourth, Follows South Africa, Cote d’Ivoire, Egypt
Previous Story

Intra-Africa Trade: Nigeria Ranks Fourth

Former NFF President Amaju Pinnick
Next Story

FIFA Council Re-election: Amaju Pinnick Gets Presidential Backing

Featured Stories

Latest from Business

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

NGX Market Valuation Closes At N92.21trn

The capitalisation of the Nigerian Exchange (NGX) Limited, also known as the stock market, closed at N92.21 trillion on Tuesday, November 18, and the all-share index (ASI) settled at 144,986.51 ASI. Also, equity traders exchanged 381,23 million shares in 21,827 deals, valued
Intra-Africa Trade: Nigeria Ranks Fourth, Follows South Africa, Cote d’Ivoire, Egypt
Previous Story

Intra-Africa Trade: Nigeria Ranks Fourth

Former NFF President Amaju Pinnick
Next Story

FIFA Council Re-election: Amaju Pinnick Gets Presidential Backing

Don't Miss

CBN Governor Mr. Godwin Emefiele

Femi Gbajabiamila Threatens CBN’s Emefiele With Arrest For Disrespecting Him, Others

The Speaker of the House of Representatives, Femi Gbajabiamila, has

Ex-Ekiti Governor, Fayemi, Debunks Defection Rumour

Immediate past governor of Ekiti State, Dr John Kayode Fayemi,