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    Home»Nigeria»Labour»Labour insists on N250,000 New Minimum Wage
    Labour

    Labour insists on N250,000 New Minimum Wage

    straightnewsng.comBy straightnewsng.comJuly 12, 2024 --- 12:29 amNo Comments5 Mins Read
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    NLC President Joe Ajaero, TUC counterpart Festus Osifo insist on N250,000 new minimum wage - Straightnews
    NLC President Joe Ajaero, TUC counterpart Festus Osifo insist on N250,000 new minimum wage
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    The organised labour consisting of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has maintained that its N250,000 demand and the N62,000 figure submitted by the tripartite committee for new minimum wage remain until after discussions with President Bola Tinubu.

    While labour insists on N250,000 as a new minimum wage, the committee had pegged it at N62,000.

    But during a Thursday meeting with President Bola Tinubu at the Presidential Villa, the organised labour led by the NLC President Joe Ajaero and his TUC counterpart Festus Osifo said nothing has changed about the demands.

    Ajaero said the meeting – which lasted for about an hour and was later adjourned to next week – was not a negotiation and the two figures remain on the table.

    Also read: Organised Labour finalises mobilization for indefinite strike Oct. 3 

     “In the real sense, it wasn’t a negotiation but a discussion and we have had that discussion. We agreed to look at the real terms probably and reconvene in the next week. So, that’s where we are because we didn’t go down there to talk naira and kobo,” Ajaero said.

    “At least there were some basic issues that we agreed on. The status quo in terms of the amount N250,000 and N62,000 remains until we finish this conversation.”

    Also read:  FG, Organised Labour Reach Truce On New National Minimum Wage 

    According to the TUC boss, the labour delegation informed the President of the economic difficulties Nigerians are going through.

    “In the meeting, we tried to put the issues on the table, issues that are bothering and biting Nigerians today. The economic difficulties and the value of the naira, how it has also eroded, and how these have affected the prices of commodities and goods in the market.

    “So, we tried to put these before Mr President because he is the president of the country and the bulk stops at his table,” the TUC boss said.

    “We have had all the conversations with all his agents, but today we said let us meet with the father of the country and have this conversation and make the argument that labour always makes. We made all the arguments, the economic analysis, macro, micro, fiscal and monetary issues.

    “So, we put everything forward and at the end, the President made his remark as the president and we all agreed let’s go back, we internalise it, we have some conversation, and by one week time, we will come back and we will continue the meeting.”

     I am committed to realistic minimum wage- Tinubu

    President Bola Tinubu says Nigerian workers deserve improved welfare, better wages, as well as safe and enhanced working conditions as the driving force of the nation.

    Speaking with the leadership of the Nigeria Labour Congress (NLC) led by Comrade Joe Ajaero and that of the Trade Union Congress of Nigeria (TUC) led by Comrade Festus Osifo, on Thursday in Abuja, President Tinubu said he is concerned about the welfare of Nigerian workers and that his administration is prioritizing their concerns.

    In a press release signed by Chief Ajuri Ngelale, Special Adviser to the President (Media & Publicity), Tinubu said “I pay attention to everything around me. A happy worker is a productive worker. And society depends on the productivity of the happy worker,” the President said.

    However, the President called for realistic expectations as regards the minimum wage question, stating: “You have to cut your coat according to available cloth. Before we can finalise on the minimum wage process, we have to look at the structure.”

    “Why must we adjust wages every five years? Why not two? Why not three years? What is a problem today, can be eased up tomorrow. There is much dynamism to this process if we are not myopic in our approaches. We can take a surgical approach that is based on pragmatism and a deep understanding of all factors.”

    In his remarks, the NLC President, Comrade Ajaero, emphasized the need for an upward adjustment to the minimum wage, noting: “Between living wage and minimum wage, we need to find a balance. Things are difficult for the Nigerian worker.”

    He congratulated the President on the judgement of the Supreme Court affirming the constitutional rights of local governments as regards financial autonomy and other salient principles.

    “I have to congratulate you on the issue of local government autonomy. We have been in the streets protesting for local government autonomy. Now that there is light at the end of the tunnel, it will amount to ungratefulness if we fail to commend you,” the NLC President said.

    The TUC President, Comrade Osifo, said inflation has adversely affected the value of the naira and that the measures initiated by the government to address the rising cost of food and transportation need to kick in to give citizens relief.

    Osifo said the rollout of Compressed Natural Gas-powered buses will help in checking the high cost of transportation, while the recent directive on the suspension of duty on certain food imports will bring down the prices of food items, if properly implemented.

    “We commend you on the landmark judgement of the Supreme Court. History will not forget what has happened today. With this judgement, we believe Nigeria will make progress,” the TUC President also said.

    Further talks were adjourned until next week to allow for wider consultation with all stakeholders.

    With Agency reports

    New Minimum Wage Nigeria Labour Congress (NLC) NLC President-Joe Ajaero President Bola Tinubu Trade Union Congress (TUC) TUC counterpart Festus Osifo
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