The Federal Government said that it is important for the unions to continue negotiations with its Tripartite Committee that has been established to fashion out a new, realistic minimum wage for the Nigerian people. 'As Government, we are desirous of a peaceful outcome, and we will do everything to make this happen,' a statement signed by the Minister of Information and National Orientation, Mohammed Idris said.
It will be binding on the private sector as well. This reality must be factored into the negotiations. 'As I have explained earlier, Labour’s current proposal of N494,000 is an increase of 1,547 percent on the existing wage, and translates into an annual wage bill of 9.5 Trillion Naira for the Federal Government of Nigeria alone. 'This is apart from its cost implications for subnational governments and private sector employees.
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