July 25, 2024
FG Offers ₦62,000 As New Minimum Wage, Labour Demands ₦250,000
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FG Offers ₦62,000 As New Minimum Wage, Labour Demands ₦250,000

Following several hours of meetings on Friday, the Federal Government and the organised private sector have increased their offer for the new minimum wage to ₦62,000 from the earlier proposed ₦60,000.

This brings to an end the deliberations on the new minimum wage by the tripartite committee set up by the Federal Government after several months.

The recommendations will be forwarded to President Tinubu, who is expected to send an executive bill to the National Assembly for legislative action.

However, the organised labour is proposing ₦250,000, which is a shift from its earlier ₦494,000.

READ ALSO: Northern Elders Ask FG To Set Up Pastoralist Commission

Meanwhile, the 36 state governors have said that the ₦60,000 minimum wage proposal by the federal government is not sustainable and cannot fly.

A statement by the Acting Director, Media Affairs and Public Relations, of the Forum, Halima  Ahmed, noted that if allowed to fly, many states will use all their monthly allocations from the federation account to pay workers’ salaries.

The governors appealed to members of the tripartite committee to agree on a minimum wage that would be fair and sustainable.

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