Minimum Wages: Negotiations break down as FG reportedly offers N25, 000
The federal government has pencilled N25,000 as Minimum wages against the N30,000 demanded by the Organized Labour and Organized private sector reportedly as minimum wage per month.
Secretary-General of the Federation SGF, Boss Mustapha, revealed that the agitation for an increase in the minimum wage government’s stance that it cannot afford more than N25,000 per month as minimum wage.
The announcement has reportedly stalled the negotiations by the tripartite Committee on a new national minimum wage.
However, Organised Labour and Organized Private Sector (OPS) have faulted the figured by the federal government and are insisting on N30,000 minimum wage per month.
It will be recalled that FG had earlier presented N21, 700 per month as a new minimum wage to the other social partners when the tripartite committee resumed sitting on Thursday, October 4. But displeased by the federal government’s figure amidst the high cost of living in the country, the Organised Labour and OPS reportedly reached an accord, increasing their earlier figure of N25,000 to N40,000.
Meanwhile, Ayuba Wabba, Nigerian Labour Congress (NLC) president, on Monday, October 8, said the federal government will soon announce the new minimum wage as the tripartite committee completes its assignment for onward submission to President Muhammadu Buhari.
According to him, the committee reconvened and deliberated on a new minimum wage figure that was acceptable to all employers of labour in the country. Wabba said the presidency would make it public after deliberation by the National Economic Council (NEC) meeting.