New Minimum Wage may be approved within the week- NLC

The Nigerian Labour Congress (NLC) says that the Tripartite Committee set up to deliberate the New Minimum Wage has completed its assignment for onward submission to President Muhammadu Buhari and that it may be approved this week.

According to Vanguard Newspaper,

negotiations by Tripartite Committee on a new National Minimum Wage had run into a stalemate, following the Federal Government’s stance that it cannot afford more than N25,000 per month.

But Labour and Organised Private Sector, OPS, had agreed on a N30,000 minimum wage per month. This is even as President of Nigeria Labour Congress, NLC, Ayuba Wabba, told newsmen in Abuja, yesterday, that the Tripartite Committee had completed its assignment for onward submission to President Muhammadu Buhari.

However, Vanguard gathered that when the tripartite committee resumed sitting last Thursday, the Federal Government shocked other social partners with its presentation of N21,700.

Speaking after the NLC picketed two private firms in Abuja, Wabba said the committee used two days to reconvene and deliberate on a new minimum wage figure that was acceptable to all employers of labour in the country.

He said: “I want to assure workers that all had been concluded and will be passed for signing within the week. I also want to appreciate Organised Private Sector, Manufacturers Association of Nigeria and Nigeria Employers Consultative Association, NECA, for their resolve to pay the new minimum wage when it is signed into law.”

The NLC president, however, refused to disclose the figure arrived at by the Tripartite Committee on the new National Minimum Wage. Wabba said the Presidency would make it public after deliberation by the National Economic Council.

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