Thursday, November 21, 2024

Labour Insists On Weighty Minimum Wage Upsurge

The Organised Labour in Nigeria, comprised of the Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC), has taken a firm stance against minor increments to the previously proposed ₦60,000 minimum wage. TUC President Festus Osifo, in an interview on Channels Television’s Politics Today, communicated this position clearly shortly after the suspension of the nationwide strike that commenced at the start of this week.

According to Osifo, during last Friday’s negotiation, the tripartite committee, which includes representatives from the Federal Government, states, and the Organised Private Sector, initially refused to propose any raise over the ₦60,000 figure. However, following Monday’s meeting, President Bola Tinubu committed to offering more than ₦60,000, which Labour awaits to see materialize.

The sequence of previous offers from the tripartite committee, which were all rejected by Labour, started at ₦48,000, then increased to ₦54,000, ₦57,000 and finally ₦60,000. Osifo underscored that the Organised Labour expects more than just trifling increments of a few thousand naira. The aim is to secure a wage that is economically viable, considering the soaring inflation rates.

READ MORE: Nigeria Experiences Nationwide Blackout as Labour Unions Shut Down National Grid

Though Osifo did not state a precise amount Organised Labour is advocating for, he made it clear that the new minimum wage should have the equivalent purchasing power to the ₦30,000 value of 2019 and ₦18,000 of 2014.

He also responded to the Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi’s remarks on the strike as being “premature” and “illegal”. The TUC boss pointed out that Labour provided a one-month notice which expired on May 31, 2024, making the strike action justified.

Osifo believes that the brief strike has effectively drawn national attention to workers’ demands and underlined the seriousness with which Labour issues should be treated.

Following the call-off of the strike on Tuesday and President Tinubu’s directive to the Minister of Finance to draft a new minimum wage scheme by Wednesday, the focus is now on the tripartite committee to present a substantial and satisfactory proposal for the minimum wage.

Hot this week

Debt Burden, Inflation Undermine Nigeria’s Economic Reform Efforts – IMF Report

Nigeria’s sweeping economic reforms, launched 18 months ago, have...

WDPCN Urges Christian Women To Pray For Nigeria

Ngozi Okpala President World Day of Prayer Committee of Nigeria...

Nestlé Nigeria Unveils Prestigious Judging Panel for the 2024 Media Awards

Nestlé Nigeria has unveiled the panel of judges for...

Elon Musk Named 2024 Top Partner Of Rhapsody Of Realities At IPPC Conference

In an unprecedented move, Elon Musk, CEO of X...

Football Powerhouses and New Contenders Set for TotalEnergies CAF Africa Cup of Nations 2025

Football's biggest stars and emerging contenders are set to...

Nigeria Needs to Focus on Export Growth for Economic Recovery, Says Sanwo-Olu

Lagos State Governor Babajide Sanwo-Olu has called for a...

Football Powerhouses and New Contenders Set for TotalEnergies CAF Africa Cup of Nations 2025

Football's biggest stars and emerging contenders are set to...

Experts Raise Alarm Over Health Risks of GMOs in Nigeria

Experts have raised significant concerns about the health risks...

Somaliland Opposition Leader Abdirahman Cirro Wins Presidential Election, Securing 64% of the Vote

Somaliland’s opposition leader Abdirahman Cirro has emerged victorious in...

Tinubu’s Reforms Aim to Lift Nigerians Out of Poverty, Drive Economic Growth – Edun

President Bola Tinubu’s administration is intensifying efforts to lift...

Nestlé Nigeria Unveils Prestigious Judging Panel for the 2024 Media Awards

Nestlé Nigeria has unveiled the panel of judges for...

A 3 Billion MEGA infrastructure Rail Project connecting Uganda and Kenya kicks off in November

Here’s what to know: Uganda's government and Turkish construction...
spot_img

Related Articles

Popular Categories