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Minimum Wage: No Agreement Yet – NLC

by Beyondboders

The Nigeria Labour Congress (NLC) has denied President Bola Tinubu’s statement that an agreement has been reached on a new national minimum wage.

Beyond Boders reports that during his nationwide speech on Democracy Day, President Tinubu claimed that the Federal Government and organized labour had agreed on a new minimum wage.

He mentioned that an executive bill would soon be sent to the National Assembly to make this new wage official.

However, the acting President of the NLC, Prince Adewale Adeyanju, said on Wednesday that no such agreement had been made.

According to Adeyanju, the Tripartite Committee on the National Minimum Wage had not reached any agreement when talks ended on June 7, 2024.

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Adeyanju explained that organized labour suggested a minimum wage of N250,000, while the government and private sector suggested N62,000.

He insisted that no final figure had been agreed upon, and any claims to the contrary were incorrect.

“The NLC would have expected that the advisers of the President would have told him that we neither reached any agreement with the federal government and the employers on the base figure for a National Minimum Wage,” Adeyanju stated.

“Our demand still remains N250,000, (two hundred and fifty thousand Naira) only and we have not been given any compelling reasons to change this position which we consider a great concession by Nigerian workers during the tripartite negotiation process,” the labour leader added.

More details to come…

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