BREAKING! Finally, Tinubu Announces New Minimum Wage; SEE Amount FG Will Pay Workers
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Last night, the Federal Government under the administration of President Bola Tinubu and the Organised Private Sector (OPS) achieved a significant breakthrough in their negotiations concerning the minimum wage for workers.
After intense deliberations, both parties agreed to a substantial increase, setting the minimum wage at N62, 000 for the least-paid worker. This marks a notable rise from the previously proposed N60, 000, which had faced rejection from the labor unions just a week prior. However, while this agreement signals progress at the federal level, challenges remain at the state level. Several states expressed their inability to meet even the previously proposed N60, 000 wage, citing financial
constraints.
On the other hand, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have stood firm in their demand for a minimum wage of N250, 000, emphasizing the need for a wage that adequately addresses the economic realities faced by workers.
The path to this agreement was not without hurdles. The initial rejection of the N60, 000 proposal by the NLC and TUC led to a nationwide strike, causing disruption across various sectors. However, following assurances from the Federal Government to reconsider its offer, the strike was temporarily suspended for one week. The breakthrough came during a meeting held last night, attended by key stakeholders including Imo State Governor Hope Uzodinma and TUC President Festus Osifo.
Both parties reached a consensus on the new minimum wage figure of N62, 000, which was confirmed at the end of the meeting. Governor Uzodinma highlighted the collaborative effort of the Tripartite Committee, comprising the government, the OPS, and Organised Labour, in arriving at this decision.
According to Governor Uzodinma, the recommendation will be forwarded to President Bola Tinubu for approval, who will subsequently present an executive bill to the National Assembly. This procedural step underscores the commitment to institutionalizing the agreed-upon wage structure.
President of TUC, Festus Osifo, reiterated the labor unions’ stance, emphasizing the need for a wage that “stands the test of time amidst prevailing economic challenges. The proposed figure of N62, 000, while falling short of labor’ s initial demand, represents a significant improvement from the previous offer and reflects a willingness to bridge the gap between stakeholders. Watch video
As the nation awaits the formalization
of this agreement, there is optimism that it will usher in a new era of improved labor relations and economic stability. While differences persist on the ideal minimum wage, the willingness to engage in dialogue and compromise demonstrates a commitment to finding common ground for the betterment of workers across Nigeria.
NEWS SOURCE
Scooper
