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

New Minimum Wage Unrealistic in May- TUC

POSTED ON April 26, 2024 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
Trade Union Congress l Credit: TUC l Source: X

The Federal Government should move quickly to implement the new minimum wage for Nigerian workers, the Trade Union Congress of Nigeria said on Thursday, lamenting the ongoing negotiations. 

TUC President Comrade Festus Osifo made the call during a press briefing following the Labour movement's National Executive Council's rejection of the idea of implementing a new minimum wage before the end of May. 

Lamenting the lukewarm attitude of some state governors in the payment of wage TUC said, “There is no gainsaying the fact that today, we are facing economic hardship and based on this, at the federal level, we engaged the Federal Government as you are aware, from last year, which culminated in the signing of the communique on October 2, 2023.

“And after that communique was signed, we also empowered our respective state councils to follow up with their state government to ensure two things. One, put in place palliative. Palliative is for the immediate, palliative is not a permanent solution to the economic downturn that we are facing today as a country, palliative could solve immediate challenges, but it will not be able to meet them in the long run. Palliative cannot solve our problems.

“So that is why we were also yearning for a sustainable and robust solution, a solution that would meet the yearnings of the Nigerian workers and indeed the Nigerian masses because that is why the governments are elected from the federal to the local government level.

The TUC noted with dismay that the Federal Government had not paid federal workers the wage award for March and April and called for immediate payment to cushion the economic hardship.

“Also on the issue of wage awards, the NEC-in-session frowned on the fact that the last wage award that was paid to the federal workers was February 2024 and that of March and April that are just ending have not been paid.

“So we hereby call on the government to immediately release the payment of wage award for March 2024 and April 2024 and to ensure regular payments going forward, so that at the end of April, when salary is coming in, the wage award is also paid until the new minimum wage is put in place as agreed in the communique of October 2, 2023,” he said.
 

“So, we demand that the committee on minimum wage should hasten its activities so that a new minimum wage will be put in place. This is the only way that the economy will be re-inflated.”

READ ALSO
Tinubu Empowers ICRC to Streamline PPP Processes
BY Abiodun Saheed Omodara June 30, 2025 0

President Bola Tinubu has authorized the Infrastructure Concession Regulatory Commission (ICRC) to e...

READ ALSO
Nigeria's Public Debt Reaches N149.39 Trillion, Marking 22.8% Annual Increase
BY Abiodun Saheed Omodara June 28, 2025 0

As of March 31, 2025, Nigeria's total public debt reached N149.39 trillion, showing an annual increa...

READ ALSO
Dangote Decries Inconsistent Policies, Poor Power Supply as Barriers to Africa’s Industrial Growth
BY Abiodun Saheed Omodara June 27, 2025 0

Africa’s foremost industrialist and President of Dangote Industries Limited (DIL), Alhaji Alik...

READ ALSO
Transition of Tax Collection to NRS Announced, New VAT Sharing Begins January 1, 2026
BY Abiodun Saheed Omodara June 27, 2025 0

President Bola Tinubu signed four tax reform bills into law on Thursday, indicating Nigeria's commit...

READ ALSO
Afreximbank Advocates for Innovative Financing Structures in South–South Trade
BY Abiodun Saheed Omodara June 26, 2025 0

The President and Chairman of the Board of Directors of the African Export-Import Bank, Prof. Benedi...

READ ALSO
Tinubu Signs Four Tax Reform Bills to Transform Nigeria's Fiscal Framework
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria - President Bola Tinubu has enacted four tax reform bills that focus on crucial aspec...

READ ALSO
Tinubu to Sign Four Tax Reform Bills into Law Thursday
BY Abiodun Saheed Omodara June 26, 2025 0

President Bola Tinubu is set to sign four pivotal tax reform bills designed to revamp Nigeria's fisc...

READ ALSO
Nigeria Takes Bold Step towards Energy Independence with Naira-Based Crude Sales Initiative
BY Abiodun Saheed Omodara June 25, 2025 0

The Nigeria Export Processing Zones Authority, alongside the Federal Government’s One-Stop-Sho...

OUR CHANNELS:

Dangote Slash Petrol Price to N840 per Litre Amid Market Adjustments
BY Abiodun Saheed Omodara July 1, 2025 0

The Dangote Petroleum Refinery has lowered the ex-depot price of Premium Motor Spirit, commonly refe...


NEC Reinstates Anyanwu as PDP National Secretary Amid Internal Conflicts
BY Abiodun Saheed Omodara July 1, 2025 0

The 100th meeting of the National Executive Committee (NEC) of the People’s Democratic Party (...


APC Schedules NEC Meeting for July 24 Amid Leadership Changes
BY Abiodun Saheed Omodara July 1, 2025 0

ABUJA, Nigeria - The All Progressives Congress (APC) has scheduled its National Executive Committee...


PDP: Tensions Rise Ahead of 100th NEC Meeting Amid Factional Disputes
BY Abiodun Saheed Omodara July 1, 2025 0

As tensions escalate within the People’s Democratic Party regarding the National Secretary pos...


Sokoto,Kebbi PDP Ready to Join Coalition Against APC in 2027
BY Abiodun Saheed Omodara July 1, 2025 0

The state branches of the People’s Democratic Party (PDP) in Sokoto and Kebbi have expressed t...


UNIUYO Medical Lecturers Begin Indefinite Strike over VC appointment
BY Abiodun Saheed Omodara June 30, 2025 0

Medical lecturers at the University of Uyo, affiliated with the Medical and Dental Consultants Assoc...


Nigeria and Saint Lucia Unite for Mutual Growth
BY Abiodun Saheed Omodara July 1, 2025 0

President Bola Tinubu and Prime Minister Philip J. Pierre agreed on Sunday to establish formal diplo...


Tinubu Empowers ICRC to Streamline PPP Processes
BY Abiodun Saheed Omodara July 2, 2025 0

President Bola Tinubu has authorized the Infrastructure Concession Regulatory Commission (ICRC) to e...


PDP Rejects Expanded National Caucus Proposal, Sticks to Planned NEC Meeting June 30th
BY Abiodun Saheed Omodara July 1, 2025 0

As the People’s Democratic Party faces internal conflicts, Deputy National Chairman (South), T...


Boston's Museum of Fine Arts Returns Looted Benin Artworks to Oba Ewuare II
BY Abiodun Saheed Omodara July 1, 2025 0

The Museum of Fine Arts in Boston has returned two looted artworks from the Benin Kingdom, which wer...


More Articles

Load more...

Menu