FG Proposes New Minimum Wage

The Bola Ahmed Tinubu-led Federal Government has increased its offer of a new national minimum wage to ₦62,000.

Naija News reports that organized labour has reduced its demand from ₦494,000 to ₦250,000.

Already the Tripartite Committee on New National Minimum Wage has adjourned as there was no consensus at the meeting.

The organized private sector also backed the government offer of ₦62,000, Vanguard reports.

The Tripartite Committee on New National Minimum Wage, NNMW, adjourned following their inability to reach an agreement.

According to the source, “there was disagreement on the amount. The government offered ₦62,000 and Labour offered ₦250,000.

“The report is to be communicated to the President for further deliberation on the next line of action. Let us wait for the President to receive the report.”

Naija News recalls that organised labour’s negotiating team walked out of the committee meeting on Tuesday, May 22, for the second time in two weeks after the Federal Government increased its offer to ₦60,000 from the ₦57,000 it offered on Wednesday, May 22.

Labour, represented by the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, walked out of the tripartite committee meeting on May 15 after the government offered ₦48,000 and Organised Private Sector, OPS, offered ₦54,000, against the ₦615,000.