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Organised Labour trims minimum wage demand again to N497,000

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The Organised Labour has proposed a new minimum wage of N497,000 to the Federal Government.

Conversely, the Federal Government and the Organised Private Sector (OPS) suggested N57,000.

This came from a source at the tripartite committee meeting.

President Bola Tinubu, through Vice President Kashim Shettima, inaugurated the 37-member Tripartite Committee on January 30, 2024.

Their goal is to establish a new minimum wage before the current N30,000 wage expires on April 18.

The committee includes representatives from federal and state governments, the private sector, and organised labour.

During the inauguration, Shettima stressed the need for a quick resolution.

“This timely submission is crucial to ensure the emergence of a new minimum wage,” Shettima said.

To advance their work, zonal public hearings were held on March 7. These took place in Lagos, Kano, Enugu, Akwa Ibom, Adamawa, and Abuja.

What’s Next?

At these hearings, the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) proposed various living wages.

They cited the economic challenges and high living costs.

NLC members in the South-West proposed N794,000. Meanwhile, the TUC suggested N447,000.

In Abuja, workers at the North-Central hearing demanded N709,000. In the South-South, they called for N850,000. The North-West proposed N485,000.

The South-East stakeholders demanded N540,000.

Eventually, organised labour agreed on N615,000 as a living wage. However, their official proposal to the government is N497,000.

On the other hand, the Federal Government and OPS maintain their proposal at N57,000.

The discussions aim to reconcile these differing figures to set a new national minimum wage.

Provided by SyndiGate Media Inc. (Syndigate.info)

Key Takeaways

  • Organised Labour proposed a new minimum wage of N497,000 to the Federal Government.
  • The Federal Government and Organised Private Sector suggested a minimum wage of N57,000.
  • The 37-member Tripartite Committee, inaugurated by Vice President Kashim Shettima, aims to set a new wage before the current N30,000 wage expires on April 18.
  • Public hearings across various states revealed differing demands:
    • South-West NLC: N794,000
    • North-Central: N709,000
    • South-South: N850,000
    • North-West: N485,000
    • South-East: N540,000
  • Organised labour collectively agreed on N615,000 as a living wage but officially proposed N497,000.
  • Discussions continue to reconcile these differing proposals.

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