Would you like to receive notifications on latest updates of the following headlines?

Minimum Wage: Labour Kicks as FEC Steps Down Memo, Demands Consultations

POSTED ON June 26, 2024 •   Business      BY Abiodun Saheed Omodara
The NLC President, Joe Ajaero, and others l Photo Credit: Punchng

The Organised Labour expressed dissatisfaction on Tuesday with the decision of the Federal Executive Council to postpone the consideration of the report of the Tripartite Committee on New National Minimum Wage. 

The Head of Public Relations of the Nigeria Labour Congress, Benson Upah,  criticized the FEC for not addressing the memo during Tuesday’s meeting, stating that stepping down the tripartite committee report "leads to harmful speculation."

The Minister of Information and National Orientation, Mohammed Idris, informed journalists after the council meeting that the FEC postponed the memorandum on the new minimum wage to allow for further consultations between President Bola Tinubu, state governors, local government authorities, and the private sector.

Idris explained that the council deferred action on the memo because the Federal Government is not the only stakeholder in the national minimum wage issue. 

The Federal Government, Organised Private Sector, and Labour had conducted numerous meetings on the new minimum wage, with NLC and Trade Union Congress leaders insisting on N250,000, while the Federal Government, states, and the OPS made a counter-offer of N62,000.

However, state governors argued that they would not be able to sustain any minimum wage higher than N60,000. 

Chris Onyeka, the Assistant General Secretary of the NLC stated that Labour would not accept the latest offer of N62,000 or the N100,000 proposal made by some individuals and economists.

NLC President Joe Ajaero mentioned that the unionists were awaiting the President's consideration of Labour's proposal.

Meanwhile, at the opening of the 2024 Synod of the Charismatic Bishops Conference of Nigeria in Abuja, the information minister emphasized the necessity of a realistic wage system that could prevent mass layoffs while addressing workers' needs.

READ ALSO
FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...

READ ALSO
Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Kano secures $10bn investment for renewable energy, minerals in partnership with Morocco
BY Abiodun Saheed Omodara April 21, 2025 0

KANO, Nigeria (NAN) - The government of Kano state has announced that it will secure more than $10 b...

READ ALSO
RMAFC, ALGON collaborate to strengthen LG financial autonomy
BY Abiodun Saheed Omodara April 18, 2025 0

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bell...

READ ALSO
LCCI, NIXIN call for government support to revitalize Nigeria's paper manufacturing industry
BY Abiodun Saheed Omodara April 18, 2025 0

The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with NIXIN Paper Mill Nigeria Li...

READ ALSO
Cross River to rejuvenate rubber estates after out-of-court settlement with Enghaut industries
BY Abiodun Saheed Omodara April 18, 2025 0

CROSS RIVERS, Nigeria - The Cross River State Government, along with Enghaut Industries, has reached...

READ ALSO
Nigeria, China forge strategic partnership to boost sugar production
BY Abiodun Saheed Omodara April 17, 2025 0

ABUJA, Nigeria - The National Sugar Development Council (NSDC) has entered into a memorandum of unde...

OUR CHANNELS:

2face get appointment as technical adviser to Benue Govt.
BY Abiodun Saheed Omodara April 25, 2025 0

The Governor of Benue State, Hyacinth Alia    has appointed music legend, Innocent Idibia...


Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...


Six dead in Okene Accident: Akpoti-Uduaghan Urges Immediate Road Safety Reforms
BY Abiodun Saheed Omodara April 23, 2025 0

KOGI, Nigeria - Following a tragic auto accident in Okene, Kogi State, which resulted in the loss of...


Plateau NBA expresses outrage over violence, urges FG to protect citizens
BY Abiodun Saheed Omodara April 23, 2025 0

PLATEAU, Nigeria - Due to the assaults and homicides occurring in Plateau State by alleged Fulani mi...


LASG reports over 517,000 traffic violations amid enhanced road safety measures
BY Abiodun Saheed Omodara April 24, 2025 0

LAGOS, Nigeria - The Lagos State Government on Tuesday revealed that from May 2024 to March 2025, mo...


Police Inspector Dies by Suicide in Port Harcourt
BY Abiodun Saheed Omodara April 24, 2025 0

RIVERS, Nigeria - A Police Inspector identified as Maxwell Zabu, who was attached to a former Chairm...


Tinubu lauds ECOWAS for regional integration, economic progress at golden jubilee
BY Abiodun Saheed Omodara April 23, 2025 0

President Bola Tinubu has praised the Economic Community of West African States (ECOWAS) for promoti...


LASG celebrates two million passengers on blue rail, highlights transportation achievements
BY Abiodun Saheed Omodara April 23, 2025 0

LAGOS, Nigeria (NAN) - The Lagos State Government has announced that over two million passengers hav...


FG aims to upgrade 2,701 PHC to enhance healthcare access across Nigeria
BY Abiodun Saheed Omodara April 24, 2025 0

The Federal Government, via the National Primary Health Care Development Agency (NPHCDA), has reveal...


Education minister urges colleges to embrace dual degree system
BY Abiodun Saheed Omodara April 24, 2025 0

ABUJA, Nigeria (NAN) - The Minister of Education, Dr. Tunji Alausa, has called on stakeholders in Co...


More Articles

Load more...

Menu