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Minimum wage talks end today, and Labour expects Tinubu’s consent.

By: Adisa Deborah

The new minimum wage talks between the Federal Government and Organized Labour are anticipated to conclude on Monday (today), as the Nigeria Labour Congress and Trade Union Congress leaders await President Bola Tinubu’s decision on their N250,000 offer.

The labor leaders had set a Monday deadline for the end of negotiations on the new minimum wage.

Last Friday, the Tripartite Committee on National Minimum Wage finished its meetings, with the Federal Government and the Organized Private Sector agreeing on N62,000 and Labour demanding N250,000.

 However, in a statement, the Nigeria Governors Forum stated that any minimum salary higher than N60,000 was unsustainable.

Labor leaders told our correspondents on Sunday that the parties were waiting for the President to decide on the suggestions made by the tripartite committee.

The labor leaders, who did not want to be quoted for security reasons, stated that NLC President Joe Ajaero and other top union officials had departed the country to attend a labor convention organized by the International Labour Organization in Geneva, Switzerland.

Following their return from Geneva, the National Executive Council (NEC) will meet to decide on the strike. The NLC is expecting feedback from the president and is planning to return from Geneva before the NEC meeting. The NLC also ensures that the government does not accuse Labour of instigating residents against it.

The National Executive Council and organized labor, notably the NLC, are awaiting the President’s reaction to the Federal Government’s ultimatum. Since returning from Geneva, the NLC and TUC have been on a statewide strike, seeking a new minimum wage and the reversal of the electricity pricing hike.

The strike was suspended after a six-hour meeting between labor representatives and the National Assembly in Abuja on Monday night.

To expedite the negotiations, the President asked the finance minister, Wale Edun, to explain the cost implications of a new minimum wage within two days.

Tinubu also asked government representatives to collaborate with the organized private sector and sub-nationals to produce a new, reasonable wage award for Nigerians.

 On Thursday, the finance minister presented Tinubu with the fiscal implications of adopting a new national minimum wage at the Presidential Villa, along with the Minister of Budget and National Planning, Atiku Bagudu.

According to reports, the president is examining the plan and will make an official declaration shortly.