Minimum Wage – Page 2 of 4 – Prime Business Africa

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

Organised labour in Nigeria has firmly rejected the federal government’s proposal for a new minimum wage of ₦62,000 or ₦100,000, describing it as insufficient for the average worker. Chris Onyeka, Assistant General

Emmanuel Ochayi

June 10, 2024

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

Business·News·Politics

Minimum Wage: Negotiations To End Today As Labour Awaits Tinubu’s Approval

The ongoing negotiations over Nigeria’s new minimum wage between the Federal Government and Organised Labour are set to conclude today. This comes as the Nigeria Labour Congress (NLC) and the Trade Union

Emmanuel Ochayi

June 10, 2024

Labour Begins Indefinite Strike Monday Over Minimum Wage, Electricity Tariff Hike

Business·News·Politics

Minimum Wage: Labour Leaders Demand Resignation of Governors If They Can’t Pay

In a heated exchange on Saturday, Organised Labour has accused state governors of acting in bad faith regarding the ongoing minimum wage negotiations. The Nigeria Governors Forum (NGF) had recently rejected the

Emmanuel Ochayi

June 9, 2024

Nigerian Workers Need New Minimum Wage But Not N1m - Moghalu

Business·News

Will Minimum Wage Increase Do More Harm Than Good?

The debate over minimum wage in Nigeria has intensified, especially in the wake of the recent labour strike. Social media platforms are buzzing with discussions and misinformation, prompting caution and verification. On

Emmanuel Ochayi

June 8, 2024

SERAP Urge State Governors To Redirect Predecessors’ Life pension, Security Votes To Pay Minimum Wage

Business·News·Politics

SERAP Urges State Governors To Redirect Predecessors’ Life pension, Security Votes To Pay Minimum Wage

The Socio-Economic Rights and Accountability Project (SERAP), has strongly criticised the 36 state governors’ refusal to implement a N60,000 minimum wage for civil servants. This condemnation, follows the governors’ statement, under the

Emmanuel Ochayi

June 8, 2024

Business·News

Minimum Wage: Deadline Looms As Nigerian Govt Debunks N105,000 Proposal

As the five-day ultimatum given by organized labor for the federal government to propose an acceptable minimum wage nears its end, negotiations remain at a standstill. The federal government has yet to

Emmanuel Ochayi

June 7, 2024

Business·News·Politics

Minimum Wage: Public Outcry As Senate Okays Over N60m Annual Salary For CJN, Supreme Court Justices

There has been an outcry by Netizens over Senate’s passage, on Wednesday, of a bill seeking an upward review of salaries, allowances and other fringe benefits of judicial officers in the country, including

Emmanuel Ochayi

June 6, 2024

Economic Crisis: Nigeria Has No Option Than To Produce For Food Security, Forex Stability - Utomi

Opinion

Can’t Laugh And Can’t Cry

It’s raining pain in Nigeria. You may not be able to tell from the motorcades and foreign travel of the powerful but you can feel it in every brush with the people,

Pat Utomi

June 4, 2024

Business·News·Politics

NLC, 30 Others Join Ongoing Nationwide Strike (Full List)

The Nigeria Labour Congress (NLC) and thirty other unions have initiated an indefinite nationwide strike, citing the Federal Government’s refusal to raise the minimum wage from N60,000. The strike, set to commence

Emmanuel Ochayi

June 3, 2024

Grid Collapse: TCN Installs System For Real-time Monitoring Of Power Grid Performance

News·Power

Nigerians Grapple With Total Blackout As NLC Shuts Down National Grid Over Strike

Electricity workers in Nigeria have shut down the National Grid, resulting in blackout across the country.

Victor Ezeja

June 3, 2024

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Minimum Wage - Page 2

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

Minimum Wage: Negotiations To End Today As Labour Awaits Tinubu’s Approval

Minimum Wage: Labour Leaders Demand Resignation of Governors If They Can’t Pay

Will Minimum Wage Increase Do More Harm Than Good?

SERAP Urges State Governors To Redirect Predecessors’ Life pension, Security Votes To Pay Minimum Wage

Minimum Wage: Deadline Looms As Nigerian Govt Debunks N105,000 Proposal

Minimum Wage: Public Outcry As Senate Okays Over N60m Annual Salary For CJN, Supreme Court Justices

Can’t Laugh And Can’t Cry

NLC, 30 Others Join Ongoing Nationwide Strike (Full List)

Nigerians Grapple With Total Blackout As NLC Shuts Down National Grid Over Strike

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