Minimum wage: Private sector insists on N62,000 as Tinubu consults govs, others

• Figure above N62,000 will lead to litigations, job losses, NECA warns a figure for the New Minimum Wage Bill to be sent to the National Assembly.

Recall that at the end of the tripartite committee meeting on the new national minimum wage, the government’s team and the organised private sector had offered N62,000 from the current N30,000. The organised labour comprising the Nigeria Labour Congress and the Trade Union Congress , however, had demanded N250,000 living wage.

He added: “I want to state that on the new national minimum wage, Mr President is going to consult further, so that he can have an informed position because the new national minimum wage, like I said, is not just an issue of the federal government. He said: “We know that before the end of July or early August of this year, a new national minimum wage would have emerged after consultation with all the relevant stakeholders by the federal government. The two labour centres are working on achieving that.”

Speaking on the sidelines of the third edition of NECA’s employers’ summit in Abuja, Oyerinde argued that any figure above N62,000 will make employers unable to pay.

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