The ongoing negotiations between the Federal Government and organised labour over a new minimum wage have reached a deadlock. The two parties are struggling to find common ground, with the government proposing a minimum wage of N60,000, up from its initial offer of N57,000, while labour is holding firm on its demand for N615,000.
Despite the government’s slight increase, labour leaders are unhappy with the proposal, insisting that it falls short of their expectations. According to a source close to the negotiations, labour is willing to consider a lower figure, but only if the government is willing to meet them halfway.
The stalemate has raised concerns about the potential impact on the country’s workforce and economy. With no agreement in sight, it remains to be seen how the situation will be resolved.
Details of the negotiations, which have been ongoing since January, indicate that labour leaders are determined to secure a fair deal for workers, while the government is keen to balance this with economic realities. As the standoff continues, all eyes are on the next move from both sides.
