Friday’s negotiations between the Federal Government and Organised Labour hit an impasse as the government refused to budge from its proposed minimum wage of N60,000, which was previously discussed. This lack of progress has raised the possibility of a nationwide strike by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), who had set a May 31, 2024 deadline for a new minimum wage.
During the recent talks, the government increased its offer from N57,000 to N60,000, while the organised private sector also raised its contribution. However, labour rejected this offer, maintaining their demand for a higher wage. Despite lowering their initial proposal by N3,000 to N494,000, labour remains steadfast in their pursuit of a wage that adequately addresses workers’ needs.
The ultimatum issued by labour on May Day, stipulating the end of May as the deadline for reaching an agreement on the minimum wage, is set to expire on Friday night. TUC President Festus Osifo reiterated the union’s commitment to this ultimatum, warning of potential industrial unrest if a satisfactory resolution is not reached.
The tripartite committee, inaugurated by President Tinubu on January 30, 2024, comprises representatives from the federal and state governments, the private sector, and organised labour. Chaired by Goni Aji, the committee’s mandate is to recommend a new national minimum wage for Nigeria. Despite urging for a speedy resolution, the committee’s efforts have yet to yield a consensus, raising concerns about the potential for prolonged negotiations and labour unrest.
