Federal Government Offers N62,000 Minimum Wage, Labour Demands N250,000: May Resume Indefinite Strike | #NwokeukwuMascot

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FG Offers N62,000 Minimum Wage, Labour Demands N250,000: Potential Resumption of Indefinite Strike Looms | #NwokeukwuMascot

 Comr Joe Ajaero 

The Federal Government of Nigeria has increased its proposed national minimum wage to N62,000, while organized labour has adjusted its demand from N494,000 to N250,000. This development follows the submission of the cost implications of the proposed minimum wage by the Minister of Finance, Wale Edun, to President Bola Tinubu.


A source involved in the negotiations confirmed this late Friday night in Abuja. "After wasting our time, they finally came up with the offer of N62,000, which was backed by the private sector. Labour also reduced ours to N250,000. This is embarrassing," said the source from the labour negotiation team.


Earlier, President Tinubu had directed Edun to present the financial implications of a new minimum wage within two days. This directive was given during a meeting with the government’s negotiation team, led by the Secretary to the Government of the Federation, George Akume, at the Presidential Villa in Abuja.


Although Edun has submitted the proposal, the details have not yet been made public.


The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had initiated a nationwide strike on Monday to demand an increased minimum wage and the reversal of the recently hiked electricity tariffs. The strike was suspended on Tuesday for five days after the labour unions signed a commitment with the Federal Government to resume negotiations within a week and agree on a new minimum wage not less than N60,000.


It remains uncertain whether labour will accept the government's new proposal. 


Additionally, the Nigerian Governors Forum had stated earlier on Friday that any minimum wage above N60,000 would be unsustainable. 


The ongoing negotiations and the significant gap between the government’s offer and labour’s demand suggest a potential for renewed industrial action if an agreement is not reached.

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