The Federal Government, led by Bola Tinubu, and organised labour have reached a standstill in their negotiations over a new minimum wage.
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Recall that in January, President Bola Tinubu established a tripartite committee with officials from the government, labour unions, and the private sector to examine the N30,000 minimum wage that the Muhammadu Buhari administration had instituted.
The government has rejected labor’s demand for a minimum salary of N615,000, despite proposals for one having been submitted to the Tripartite Committee by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).
The negotiations came to a standstill because the two sides could not come to an agreement, according to a senior Ministry of Labour and Employment official who talked with The Punch under the condition of anonymity.
He claimed that the government and the business sector were offering between N60,000 and N70,000, but organised labour was demanding a minimum salary of N615,000, leading to a deadlock in the negotiations.
The insider stated, “The government can go as high as N60,000 to N70,000 a month,” while claiming he was not permitted to comment on the subject. But for the government, anything beyond that is unattainable.
