HomeNEWSLabour Rejects FG’s Revised N54,000 Minimum Wage Offer, Talks Rescheduled

Labour Rejects FG’s Revised N54,000 Minimum Wage Offer, Talks Rescheduled

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By Fasuyi Tolulope

The ongoing negotiations between the organised labour and the Federal Government over the new minimum wage have been postponed until Wednesday. This development follows the rejection of the Federal Government’s revised proposal of a N54,000 minimum wage by the organised labour, a reliable source revealed.

In the latest meeting held on Tuesday, the Federal Government increased its previous offer from N48,000 to N54,000. This adjustment came in response to a walkout by labour representatives last week, who protested the initial N48,000 proposal.

Despite the government’s new offer, the organised labour remains firm in its demand for a N615,000 minimum wage, which it argues is necessary to meet the current economic needs of an average Nigerian family of six. The National President of the Nigeria Labour Congress (NLC), Joe Ajaero, emphasized the union’s stance, reiterating the May 31, 2024 deadline for the implementation of the new wage.

“Despite earnest efforts to reach an equitable agreement, the less than reasonable action of the Government and the Organised Private Sector has led to a breakdown in negotiations,” Ajaero stated. He attributed the deadlock to the government’s and the Organised Private Sector’s (OPS) unwillingness to meet the union’s demands.

The unions, comprising the NLC and the Trade Union Congress (TUC), acknowledged the importance of the ongoing negotiations in a joint statement. Signed by Joe Ajaero and Festus Osifo, the presidents of the NLC and TUC respectively, the statement underscored the unions’ commitment to achieving a fair minimum wage that reflects the current economic realities.

The discussions are set to continue on Wednesday, with hopes that a resolution can be reached that satisfies all parties involved.

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