Negotiations over a new minimum wage have hit an impasse, with the Federal Government and organised labour failing to find common ground. President Bola Tinubu, speaking during the International Workers’ Day celebration in Abuja on Wednesday, hinted at the deadlock.
Labour, represented by figures like NLC President Joe Ajaero, stands firm on their demand for a N615,000 minimum wage, arguing against any amount that would further impoverish workers.
This demand stems from a proposal submitted last month by the NLC and TUC to a tripartite committee set up by the President in January for a wage review.
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However, the government and private sector counter with proposals ranging from N60,000 to N70,000, citing feasibility concerns.
Despite efforts to resolve the issue, including a recent meeting which ended inconclusively, no agreement has been reached.
Labour defends its stance, emphasizing the need for a wage that sustains basic living standards amidst rising costs.
A breakdown of the proposed N615,000 reveals considerations for housing, utilities, food, education, and transportation, among others.
President Tinubu, represented by Vice President Kashim Shettima, acknowledges the impasse but pledges to address it, promising a fair living wage. He reassures workers of his commitment to their welfare, highlighting various relief programs and a pending minimum wage review.
In response, the Presidency questions the feasibility of the N615,000 demand, emphasizing the need for an amount the government can afford. Despite the stalemate, efforts continue to find a resolution.
Meanwhile, organised labour voices concerns beyond wage negotiations, including excessive government borrowing, energy management, and fuel crisis.
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