BREAKING ! Tinubu Agreed To Pay ₦250, 000 As New Minimum Wage But NLC, TUC Rejected It; SEE Why
The President of the Nigeria Labour Congress (NLC), Joe Ajaero, disclosed on Thursday that President Bola Tinubu had accepted to increase the minimum wage to ₦250, 000. However, this offer was rejected by the labour union. The proposal came with a condition that the government would be allowed to increase the price of petrol.
During an interview on Channels Television’ s Politics Today programme, Ajaero explained that President Tinubu was willing to meet the ₦250, 000 minimum wage demand if the organized labour would agree to a corresponding increase in petrol prices. The organized labour, after careful consideration and consultations, decided to reject the proposal to prevent further hardship for Nigerians.
Ajaero emphasized that the decision to accept a lower offer of ₦70, 000 as the new minimum wage was made in the best interest of Nigerians. ” Accepting ₦70, 000 was the best way to save Nigerians from further hardship, ” he stated.
At a meeting last week, President Tinubu presented the offer, saying, ” I will give you guys ₦250, 000 if you allow me to equally increase the pump price of petroleum products. ” The NLC, however, needed to consult with its members before making a decision.
On Thursday, the NLC returned to inform the President of their decision. Ajaero said, ” Today, we went there to tell him, ‘ No’ . The labour movement can make sacrifices without allowing Nigerians to suffer further on the increase in the pump price of petroleum products. ”
This decision comes against the backdrop of significant increases in the price of petrol in Nigeria. The pump price of petrol rose dramatically from ₦184 in May 2023, when President Tinubu announced the end of the subsidy, to around ₦700, varying by region.
The ongoing negotiations highlight the challenging economic conditions in Nigeria and the balancing act between improving wages and controlling living costs. The NLC’ s stance underscores their commitment to safeguarding the welfare of Nigerian workers while considering the broader implications of economic policies.
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Conclusively, the NLC’ s rejection of the ₦250, 000 minimum wage proposal tied to a petrol price hike reflects a broader effort to protect Nigerians from further economic strain. The acceptance of a ₦70, 000 minimum wage aims to provide a more balanced approach to wage increases without exacerbating the cost of living pressures faced by many Nigerians.
