Federal Government Offers N62,000 As New Minimum Wage

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Organized labor and the Federal Government of Nigeria have made steps towards a compromise, with the government proposing a new national minimum wage of N62,000 while labor unions have lowered their demands to N250,000 from the initial N494,000.

This comes as the two sides engage in ongoing negotiations to reach an agreement that would improve the living standards of Nigerian workers, who have long been seeking a raise in their minimum pay.

The Tripartite Committee tasked with determining a new national minimum wage has put discussions on hold after failing to reach an agreement during a recent meeting.

Reports suggest that the organized private sector, represented in the Tripartite Committee, has thrown its support behind the Federal Government’s proposed N62,000 minimum wage, presenting a potential divide between employers and employees in the ongoing negotiations.

More details shortly…




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