Mary Akanbi
8th June, 2024
The Bola Tinubu-led administration has increased its offer for the new minimum wage to N62,000 from the earlier N60,000. As reported on Friday night, June 7, by Channels Television, this update follows several hours of meeting.
The federal government and the organised private sector on Friday, June 7, agreed on N62,000 as the new national minimum wage.
Festus Osifo, the President of the Trade Union Congress of Nigeria (TUC), was said to have also confirmed the figure offered by the FG. Also present at the meeting are the head of the civil service of the federation, Folasade Yemi-Esan; minister of state for labour and employment, Nkieruka Onyejeocha; minister of budget and national planning; Senator Abubakar Bagudu; and the minister of finance, Wale Edun, among others.
Meanwhile, Nigeria’s two biggest union federations, the Nigerian Labour Congress (NLC) and the TUC — are proposing N250,000, a shift from its earlier N494,000. Osifo who spoke on behalf of organised labour maintained that the federal government must consider the plight of workers and the cost of living. Bukar Goni Aji, a former head of the civil service of the federation and incumbent chairperson of the tripartite committee on national new minimum wage, stated that the two recommendations would be sent to President Tinubu for action.