BREAKING NEWS
Breaking

728x90

468x60

New minimum wage announcement on Workers’ Day unrealistic —TUC


 Festus Osifo, president of the Trade Union Congress (TUC), says organised labour’s expectation that the federal government will announce a new minimum wage on May 1 is unrealistic.

 

In January, the government set up a 37-member tripartite committee on the minimum wage.

 

Subsequently, organised labour submitted a demand of N615,000 as the new minimum wage for workers, and urged the government to announce the new minimum wage on Workers’ Day.

 

Speaking with NAN on Friday, Osifo said negotiations with the government on a new minimum wage are ongoing.

 

 “The negotiation by the tripartite committee is still ongoing. If you remember, the TUC earlier submitted N447,000 as the new minimum wage but we have harmonised our figure with the Nigeria Labour Congress (NLC),” he said.

 

“It is now N615,000. Regarding the ‘when’ for the new minimum wage, the committee is still working.

 

“So, certainly, May 1, will not work for the pronouncement of the new minimum wage. Except if the federal government wants to pay the minimum wage of N500,000 to workers.

 

 “If you look at the N615, 000, you will think that the amount is right but when we did that computation, a dollar was about N1, 700.

 

“I am hopeful that the committee will meet after May 1.”

Click to signup for FREE news updates, latest information and hottest gists everyday


Advertise on NigerianEye.com to reach thousands of our daily users
« PREV
NEXT »

2 comments

  1. Labour leaders are not helping civil servants,why are the fooling the civil servants,why are the making it worse,on my own understanding they are being paid to drag the negotiation,,let tha president annouce the new minimum wage

    ReplyDelete
  2. Both the government and unions are not serious, after all these months, as the days are drawing closer, you start hearing something different. Nigeria is most useless country whose hates it's own people.

    ReplyDelete

Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)

Advert Enquires - Reach out to us at NigerianEye@gmail.com