The new minimum wage could be negotiated to either N100,000 or N200,000, according to information released by the Nigeria Labour Congress (NLC) on Tuesday.
After meeting with representatives of the Federal Government, the NLC and the Trade Union Congress (TUC) decided not to go ahead with their planned strike for today.
Due to the effects of the termination of the fuel subsidies, organised labour had prepared to declare a national emergency.
FG Asks Labour Not To Go On Strike Over Minimum Wage Bill
The strike was put on hold, according to NLC President Joe Ajaero, on Tuesday so that the federal government could carry out its end of the bargain with organised labour.
He added that the government’s offer of a N35,000 wage award is not a new minimum wage, which he claimed might be as high as N200,000.
Ajaero speaking on Channels TV said, “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.
“Certain things would come into play when we discuss it – inflation, cost of living. Every other thing would come into it.
“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.”
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According to him, for a new minimum wage to take effect, the National Assembly will play a crucial role.
Ajaero added, “The minimum wage is a product of law. Until it is legislated in the National Assembly, it is not a minimum wage.”
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