The Minister of State for Labour and Employment, Nkeiruka Onyejeocha meets with the NLC President, Joe Ajaero in Abuja on February 13, 2024. Credit: X/@nkeiruka_repsFollowing several hours of meeting on Friday, the Federal Government and the organised private sector have increased their offer for the new minimum wage to N62,000 from the earlier N60,000.
Though both labour, the organised private sector and the Federal Government had agreed that the current minimum wage of N30,000 is no longer sustainable with the present economic reality of the country, agreeing a figure for the new minimum wage had for long proved abortive. At the expiration of an ultimatum issued by labour on May 31, the unions embarked on strike on June 3, shutting down businesses across the nation.The action was however suspended on Tuesday after the Federal Government promised to increase the minimum wage to an amount bigger than N60,000 as they resume negotiations.
When asked whether Labour would accept a few thousand naira additions to the last offer of the tripartite committee, the TUC boss said, “No, we also told them that it’s not that we’d get to the table and you start adding ₦1, ₦2, ₦3,000 as you were doing and we got some good guarantees here and there that they would do something good.
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