Tinubu Proposes N200,000 Minimum Wage Demand: NLC Assembles Negotiation Team
The struggle between the federal government and NLC (Nigeria labor congress) has been a long tussle over the increase of the minimum wage.
Our politicians get fat salaries, allowance and still embarrassed money and a worker who is working 9-5 daily to feed his family get peanut and at times not full paid at the end of the month.
That alone has been a major factor to increase in crime rate and many dubious act just to make both hands meet as food stuffs and daily needs continue to skyrocket and government continue to make promises they fail to implement
In light of President Bola Ahmed Tinubu's commitment to implementing a "national living wage" in the upcoming year, the Nigeria Labour Congress (NLC) is actively engaging in negotiations with the government.
The current minimum wage, negotiated in 2018, is set to expire in April 2024.
President Tinubu, in his New Year address, expressed the government's dedication to the economic well-being of vulnerable and working-class citizens, promising the introduction of a new national living wage.
NLC President, Comrade Joe Ajaero, sheds light on key points in an interview regarding the determination of the forthcoming minimum wage.
While the committee for minimum wage review is yet to be constituted, representatives from the labor side have already been named, causing some delays.
A Memorandum of Understanding outlines the timeframe for the current minimum wage's expiration and the commencement of a new one, although past criticisms have been raised concerning the government's adherence to previous agreements.
Ajaero underscores the importance of considering economic indices in determining the new minimum wage, hinting that it may not fall below N200,000 according to labor preferences.
He emphasizes the need for flexibility based on prevailing circumstances such as currency devaluation.
Factors like the cost of living, currency devaluation, and comparisons with similar countries will significantly influence the negotiation process.
The potential new minimum wage is anticipated to take effect in April, coinciding with the expiration of the current minimum wage.
Ajaero addresses concerns about the government's commitment to meeting wage awards, advocating for the fulfillment of agreements, including arrears such as the N35,000 award.
Implementation of wage awards varies across sectors, prompting Ajaero to propose a sector-specific approach for compliance in both private and public sectors.
In summary, the interview provides insights into the ongoing preparations for the review of the minimum wage in Nigeria, emphasizing the necessity for a comprehensive and fair approach to address the economic concerns of the country's workforce.
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A 200,000 minimum wage will still not be enough for most families considering the amount of dollar exchange rate the African countries bear.
Yes, naira have gotten weak in the international market against dollar. The first negotiation was even 60k they did not pay now that it's 200k I wonder if it will be implemented.
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