NEW Minimum Wage LEAKED! Details Emerges As Amount NLC, FG May Settled For Exposed; See Details
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The federal government’ s negotiating team and leaders of the National Assembly have reportedly agreed on a new national minimum wage of N70, 000. This decision follows extensive deliberations and negotiations involving various stakeholders, including the organized labor unions and representatives from the three tiers of government.
A member of the tripartite committee, speaking on condition of anonymity, revealed that President Bola Tinubu is expected to propose a minimum wage of N62, 000 to the National Assembly. However, lawmakers are likely to increase this figure to N70, 000, following the precedent set in 2019 when they raised the minimum wage from N23, 000 to N30, 000.
“This scenario will play out when the National Assembly gets the minimum wage bill any moment from now. The role to be played by the National Assembly is one of, we feel your pains and therefore considering the economic realities, we are increasing the minimum wage to N70, 000′, “the committee member stated.
The proposed increase to N70,000 has gained traction partly because Governor Godwin Obaseki of Edo State has already implemented this wage for workers in his state. This move is seen as a benchmark, encouraging the federal government to adopt the same figure nationwide.
Despite some states expressing concerns about their ability to pay the proposed minimum wage, the federal government has indicated its willingness to support these states financially. The government may provide bailout funds to help states meet their obligations and commence payment of the new wage promptly.
Moreover, some governors have advocated for a new revenue-sharing formula to ensure they can afford the new minimum wage and any consequential adjustments. This proposal underscores the complexity of implementing a nationwide wage increase and the need for a holistic approach to address the financial constraints of various states.
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have also weighed in on the matter. They have indicated that their next line of action will depend on the final proposal submitted by President Tinubu. If the proposed minimum. wage remains at N62, 000, the unions have hinted at possible industrial action to press for a higher figure, reflecting the economic realities faced by Nigerian workers.
NLC’s Head of Information, Comrade. Benson Upah, highlighted divisions within the government team, which. have influenced the ongoing negotiations. The unions remain steadfast in their demand for a wage that reflects the current cost of living and economic conditions in the country.
In summary, while the federal government’s initial proposal of N62, 000 is a step forward, the National Assembly’ s anticipated increase to N70, 000 represents a more significant adjustment aimed at addressing the financial struggles of Nigerian workers. The final decision, expected to be announced soon, will determine the future dynamics between the government, labor unions, and state governments in the implementation of the new national minimum wage.
