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The federal government and the organized labor unions, NLC and TUC, met on Friday after several hours of meetings. The federal government was able to increase the proposed new minimum wage from the earlier N60,000 to N62,000.
The organized labor has changed their mind by shifting their demand from N494,000 to N250,0000." This marks the end of the new minimum wage deliberation.
for the Federal Government with the tripartite committee after several months of set up".
All the necessary recommendations will be sent over to President Tinubu, who is then expected to issue an executive bill to the National Assembly for proper
legislative action.
Right now, it is essential to admit that the official task and functions tripartite committee, launched in January 2024, have ended.
The recommendation will be sent over to the president of the federal table, and then the National Assembly will finalize the process.
It is clear that both the Federal Government and the organized labor organizations (NLC and TUC) have accepted that the current minimum wage of N30,000 cannot be met any further
needs with the current economic state of the country.
The federal government has argued that the proposed N494,000 is nothing to talk about, while the labor force also feels the increase from N60,000 to N62,000 needs to be revised.
considering the current state of what Nigeria is saying.
Organized labor cannot welcome just a little addition to N60,000 and N2,000
The Federal Government is just adding N2,000 to the earlier N62,000, which was formally rejected by the organized labor. We look forward to seeing the reaction of the labor to this increase, if it will be accepted or rejected.
Festus Osifo, the President of the Trade Union Congress (TUC), made this statement on Channels Television's Politics Today show on Tuesday Just hours after the Nigeria Labour Congress (NLC) and the TUC, collectively known as organized labor, called off their industrial action, which had begun at 12:01 a.m. on Monday.
"They (the tripartite committee) said they would not add anything more to the ₦60,000 at the meeting on Friday, but Mr. President was able to commit to doing what is more than ₦60,000 in the meeting yesterday (Monday)," Osifo stated.
The head of the TUC responded, "No, we also told them that it's not that we'd get to the table and you start adding ₦1, ₦2, #3 as you were doing, and we got some good guarantees here and there that they would do something good," when asked if Labour would accept a few thousand naira additions to the last offer of the tripartite committee.
The 36 state governors don't consent to the payment of the new minimum wage.
All 36 state governors of the federation have voiced out that the newly proposed minimum wage by the federal government can't work because they can't be using all their monthly allocations from the federal government to settle workers' salaries.The governors urged the tripartite committee members to reach a consensus on a minimum wage that would be fair and sustainable over time.
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