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Minimum wage: Labour vows to reject meagre addition to N60,000 offer

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Minimum wage: Labour vows to reject meagre addition to N60,000 offer

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Organised labour, on Tuesday, vowed to reject any insignificant addition to the ₦60,000 offer by the tripartite committee on the new minimum wage.

Trade Union Congress President, Festus Osifo, stated on Channels Television’s Politics Today programme on Tuesday.

Recall that organised labour suspended its strike which began on Monday after reaching an agreement with the Federal Government.

The government promised that President Bola Tinubu is committed to a minimum wage more that the N60,000 earlier offered.

Asked whether labour would accept a few thousand naira additions to the offer, Osifo said, “No, we also told them that it’s not that we’d get to the table and you start adding ₦1, ₦2, ₦3,000 as you were doing and we got some good guarantees here and there that they would do something good.”

The TUC boss added that labour is not fixated on ₦494,000 as the new minimum wage for workers in the country but the tripartite committee must show seriousness and offer workers something economically realistic in tandem with current inflationary pressures.

Though he refused to mention a specific amount, he said the new minimum wage must be equal in purchasing power to the value of ₦30,000 in 2019 and ₦18,000 in 2014.

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