Minimum Wage: 5 Things You Should Know After Labour Meeting with FG

Fox Nigeria journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

The minimum wage controversies have set the country on the run following the strike of organised labour on Monday, June 3. On Monday evening, the federal government met with the union leadership at a negotiation table, during which four agreements were reached.

Some of the agreements included the daily meeting of the tripartite committee and the promise that no union member would be penalised for industrial action. President Bola Tinubu was also said to be committed to paying more than N60,000 proposed by the federal government earlier.

The rumour of N105k as the new minimum wage to workers as well as condemnation of the shutting down of the national grid has been major controversies since the federal government met with the organised labour on the new minimum wage and strike.

Controversies on new minimum wage since FG met with Labour
Photo Credit: @officialABAT, @NLCHeadquartersSource: Twitter

However, since the meeting on Monday, some major events have unfolded that you need to know. Below are some of the events:

Tinubu meets FG team, orders finance minister

The first major event that happened after the federal government meeting with organised labour was the meeting between President Tinubu and the federal government negotiation team headed by the secretary to the government of the federation, George Akume.

At the end of the meeting on Tuesday, June 4, Tinubu directed the minister of finance and coordinating economy to present the cost implications of the new minimum wage within two days.

Senate increases judicial workers’ salaries

Another significant event after the strike happened on Wednesday, June 5, when the Senate passed the bill to increase the salaries of judicial workers by 300 per cent. The bill increased the salaries, allowances, and benefits of judicial officeholders in the country.

The event was significant to the strike and issues surrounding minimum wage as it attracted reactions from the Nigeria Labour Congress (NLC). Organised labour urged the national assembly to pass a new minimum wage bill as it hurriedly passed the bill to increase the salaries of the judiciary.

NLC, TUC commit treasonable act

During the industrial action by the NLC and its counterpart in the Trade Union Congress (TUC), the national grid was shut down. Many Nigerians have condemned this move, describing it as unlawful.

The Senate and the House of Representatives have described the act as a treasonable offence because it was an economic sabotage act.

Through SGF Akume, the federal government also said it was a treasonable offence under the law to sabotage the economy by shutting down the national grid, adding that such does not happen anywhere in the world.

N105k proposal as new minimum wage and denial

One major significance of the new minimum wage since Monday’s strike by organised labour was the report that the minister of finance, Wale Edun, proposed N105,000 as the new minimum wage to President Tinubu.

Earlier on Thursday, June 6, Edun presented the projected cost implications of the new minimum wage template to the president following Tinubu’s two-day ultimatum. The report alleged that N105,000 minimum wage was included in the cost implications presented to Tinubu and the president was reviewing the report.

However, through President Tinubu’s special adviser on information and strategy, Bayo Onanuga, the federal government soon denied the claim, saying it was false.

Governors speak about sustainable minimum wage

On Thursday night, the Nigerian governors’ forum dismissed the possibility of paying workers N100,000 as minimum wage, saying it was not feasible or sustainable.

Sources revealed that the governors are contemplating between N60,000 and N70,000. The former was the last proposal of the federal government and the latter was currently being paid by the Edo state government.

Minimum Wage: Labour speaks on N494,000 demand

Fox Nigeria earlier reported that Festus Osifo, the president of the TUC, said organised labour was aware that everybody would not pay their N494,000 demand for the minimum wage.

Osifo posited that the government knew organised labour was not fixated on its demand for the new minimum wage.

The TUC president then stated that their negotiations were based on certain principles, such as inflation and exchange rates.

Source: Fox Nigeria

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