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BREAKING: N100,000 Or N200,000 – Good News On New Minimum Wage Negotiation From NLC
BREAKING: N100,000 Or N200,000 – Good News On New Minimum Wage Negotiation From NLC
The Nigeria Labour Congress (NLC) has indicated that due to the escalating cost of living, the new minimum wage might be subject to negotiations, potentially reaching amounts like N100,000 or even N200,000.
While the NLC and the Trade Union Congress (TUC) had initially planned a strike for Tuesday in response to the removal of the fuel subsidy, they decided to postpone it after a late-night meeting with government officials in Abuja on Monday.
President of the NLC, Joe Ajaero, clarified that the postponement was to allow the government sufficient time to fulfill its commitments as outlined in the agreement with organized labor. He also emphasized that the N35,000 wage increase proposed by the government is not considered a new minimum wage, which, he suggests, could potentially be as high as N200,000.
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“So, it is not a minimum wage but it is a wage added to the minimum wage. So, should we in March, April, or before that time negotiate the new wage to be N100,000 or N200,000, it would be inscribed as minimum wage law which should be the law in existence,” he said on Channels Television’s Politics Today.
Asserting that the N35,000 wage increment does not constitute an augmentation to the existing minimum wage of N30,000, the head of the NLC emphasized that numerous factors will be taken into account when determining a new minimum wage.
“Certain things would come into play when we discuss it – inflation, cost of living. Every other thing would come into it,” he added. “We would not go to ask for N65,000. We would go for a realistic amount because N65,000 is about $70 which is not up to minimum wage.”
He pointed out that the National Assembly will play a pivotal role in implementing a new minimum wage.
“The minimum wage is a product of law. Until it is legislated in the National Assembly, it is not a minimum wage,” Ajaero argued.
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