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Business & Economy
Business & Economy

Minimum wage struggle not dead – Organised Labour •Insists on N250,000

The FrontierThe FrontierJuly 10, 2024 1841 Minutes read0

•Tinubu (center ) and Organised Labour leaders

President of the Trade Union Congress (TUC), Festus Osifo, has written off criticisms that the struggle for a new national mini­mum wage may have waned.

While reacting to the insin­uations, Osifo said the federal government is still having con­versations with all relevant stake­holders cutting across the Nigeria Governors’ Forum, local govern­ment administrators as well as the organised private sector and labour unions.

Osifo noted that both unions still insist on the N250,000 demand it made to the government which was part of the recommendations submitted to the president by the Presidential Tripartite Commit­tee on New National Minimum Wage, reports Daily Independent.

He made reference to the ex­isting minimum wage of N30,000 which took two years to be negoti­ated, assuring that the Tripartite Committee has made apprecia­ble progress since January 2024 when negotiations started.

“Minimum wage negotiations cannot be dead, you know when we started this conversation you asked us that in 2017 if you remember we started the mini­mum wage that was signed in 2019, it took about two years to see the light of day. We promised you when we started in January that we will ensure this one is fast tracked for us not to be in the co­nundrum that we were as at 2019 which took two years.

“So where we are today, we submitted the divergent position in June, when we did that you know clearly that Mr President came out to say that he wanted to consult across board which is the governors, local government chairmen, organised private sec­tor and labour, so we are doing some level of reach-out and con­versations.

“So that what will be sub­mitted to the National Assem­bly will actually be a minimum wage that will cater for the poorest of the poor. So for the fact that in the media we are not shouting, we are doing some lev­el of internal work so that this bill will be submitted in earnest soon. Of course, we still insist on the N250,000 benchmark as ideal minimum wage”.

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