More
    HomeNewsLabour's Demand for ₦‎497,000 Minimum Wage Draws Concern from FG

    Labour’s Demand for ₦‎497,000 Minimum Wage Draws Concern from FG

    Published on

    By Milcah Tanimu

    Efforts to reach a consensus on a new minimum wage hit a roadblock as the tripartite committee’s meeting adjourned without resolution, set to reconvene on May 28. The deadlock emerged due to conflicting proposals between the Federal Government, the organised private sector, and labour representatives.

    Sources revealed that the government initially maintained its stance at ₦54,000, citing financial constraints. Following a brief hiatus for further deliberation, the government adjusted its proposal to ₦57,000. However, this figure was met with rejection from the labour representatives, who counter-proposed ₦497,000.

    “The government and private sector settled at ₦57,000, but labour’s insistence on ₦497,000 led to the deadlock,” disclosed a source familiar with the negotiations.

    Expressing disappointment, a senior official of the Nigeria Labour Congress criticized the lack of progress, highlighting the gap between labour’s demand and the government’s offer.

    The committee, inaugurated by Vice President Kashim Shettima on January 30, 2024, aims to recommend a new national minimum wage before the expiration of the current ₦30,000 wage on April 18.

    However, with divergent proposals from different regions during zonal public hearings, reaching a consensus remains challenging. Various state chapters of NLC and TUC have proposed figures ranging from ₦447,000 to ₦850,000, reflecting the differing economic conditions across the country.

    Latest articles

    Three Sentenced to Death by Hanging for Armed Robbery in Ekiti

    By Aaior K. Comfort On October 9, 2024, the Ekiti State High Court in Ado-Ekiti...

    Reps Move to End Food Smuggling and Insecurity in Nigeria

    By Aaior K. Comfort The House of Representatives has urgently urged the Federal Government to...

    PDP Deputy Spokesman Ugochinyere Disagrees on Party Crisis Causes

    By Aaior K. Comfort The Peoples Democratic Party (PDP) is facing internal conflict as National...

    Aiyedatiwa Sacks Aide for Allegedly Demanding N30m Bribe

    By Aaior K. Comfort Ondo State Governor, Lucky Aiyedatiwa, has dismissed his Special Assistant on...

    More like this

    Three Sentenced to Death by Hanging for Armed Robbery in Ekiti

    By Aaior K. Comfort On October 9, 2024, the Ekiti State High Court in Ado-Ekiti...

    Reps Move to End Food Smuggling and Insecurity in Nigeria

    By Aaior K. Comfort The House of Representatives has urgently urged the Federal Government to...

    PDP Deputy Spokesman Ugochinyere Disagrees on Party Crisis Causes

    By Aaior K. Comfort The Peoples Democratic Party (PDP) is facing internal conflict as National...