The Federal Government has raised its minimum wage offer to N54,000, a significant increase from its previous proposal of N48,000. However, the Labour union remains resolute in its demand for a minimum wage of N615,000, setting the stage for further negotiations.
The Tripartite Committee on Minimum Wage, comprising representatives from the government, labour, and the private sector, has been engaged in protracted negotiations since January. Despite the government’s latest concession, the labour union has rejected the offer, describing it as “unacceptable” and an “insult” to workers.
With a deadline of May 31 looming, the parties are under pressure to reach a consensus. Labour leaders have vowed to continue fighting for a wage that reflects the country’s economic realities, while the government is keen to avoid a potential strike action.
As the stalemate continues, Nigerians eagerly await a resolution that will impact the lives of millions of workers and their families. Will the government and labour union find common ground, or will the dispute escalate into a full-blown crisis? Only time will tell.
Here is a summary of the current situation with the minimum wage in Nigeria ¹ ² ³ ⁴ ⁵:
– *FG’s new proposal*: The Federal Government has increased its offer from N48,000 to N54,000.
– *Labour’s demand*: The Labour union continues to demand a minimum wage of N615,000.
– *No agreement*: No agreement has been reached yet, and negotiations will continue on Wednesday.
– *Labour’s reaction*: The NLC and TUC have rejected the new proposal, calling it “unacceptable” and an “insult” to workers.
– *Deadline*: Labour has given the government until May 31 to finalize the new minimum wage.
– *Previous negotiations*: The Tripartite Committee on Minimum Wage has been negotiating since January, with various zonal public hearings held across the country.
