Negotiations for a new minimum wage between the Federal Government and Organised Labour are expected to end on Monday as the Nigeria Labour Congress and the Trade Union Congress leaders await President Bola Tinubu’s decision on their N250,000 offer.....KINDLY READ THE FULL STORY HERE▶
The labour leaders had given a Monday deadline for the conclusion of talks on the new minimum wage.
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 in a statement said any minimum wage higher than N60,000 was not sustainable.
Speaking with our correspondents on Sunday, labour leaders noted that the parties were waiting for the President to decide on the proposals presented by the tripartite committee.
The labour leaders, who did not want to be quoted for security reasons, said the NLC President, Joe Ajaero and other top union officials had left the country to participate in a labour conference organised by the International Labour Organisation in Geneva, Switzerland.
According to reports the labour leaders would hold their National Executive Council meeting where a decision on the strike would be taken on their return from Geneva
Organised Labour, comprising the NLC and TUC, embarked on a two–day nationwide strike last Monday and Tuesday to demand a new minimum wage for workers and the reversal of the electricity tariff hike.
However, the labour leadership suspended the strike for five days after signing a commitment with the Federal Government to resume negotiations and come up with a new minimum wage within a week.
The suspension of the strike followed a six-hour meeting between the leadership of labour and the National Assembly in Abuja, on Monday night.
To fast-track the talks, the President on Tuesday directed the finance minister, Wale Edun, to present the cost implications for a new minimum wage within two days.