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In a significant development, the Federal Government has increased its offer for a new national minimum wage to N62,000. Meanwhile, organized labour has revised its demand downward from N494,000 to N250,000. The Tripartite Committee on the New National Minimum Wage has adjourned its meeting due to a lack of consensus.
The negotiations are ongoing, and the parties are working towards reaching a mutually acceptable figure. The federal government’s latest offer represents a significant increase from its previous proposal, while labour unions have also shown flexibility in reducing their demand. The outcome of these negotiations will have a significant impact on the wages of Nigerian workers and the country’s economy as a whole.”
