The Federal Government has increased its offer of a new national minimum wage from N60,000 to N62,000, though, organised labour has reduced its demand from N494,000 to N250,000.
According to Punch, a source said, “After wasting our time, they finally came up with the offer of N62,000 which was backed by the private sector. Labour also reduced ours to N250,000. This is embarrassing.”
Recall that organised labour, comprising the Nigeria Labour Congress and Trade Union Congress, had embarked on a nationwide strike on Monday to demand an increased minimum wage for workers and the reversal of the recently increased electricity tariffs.
However, the labour union leadership suspended the strike on Tuesday for five days after signing a commitment with the Federal Government to resume negotiations and come up with a new minimum wage within a week.
It is not yet clear if labour will accept the new proposal from the government.
The Nigerian Governors Forum had, earlier on Friday, said any minimum wage above N60,000 will not be sustainable.
