Minimum wage: Fg proposes N57,000 as Labour insists on N497,000

The Organized Labour has once again rejected the new proposal of the federal government for minimum wage-a N3,000 increment from the previous N54,000 as the Labour insist on N497,000

The Federal Government, the organized private sector and the organized labour have failed to reach a consensus after a second consecutive meeting on minimum wage failed on Wednesday.

The tripartite committee however adjourned till next Tuesday, May 28 to continue deliberation after Wednesday’s meeting in Abuja ended in a deadlock.

Sources at the meeting told VoiceFM News that the government initially stood its ground on the N54,000 it proposed on Tuesday, citing paucity of funds.

However, the government was forced to propose the sum of N57,000 after the committee took a 30-minute break to make further deliberations.

Also speaking to Voice FM, a senior official of Nigeria Labour Congress said, “The outcome of the negotiation of the National Minimum Wage Committee with the Federal Government is not encouraging. The Federal Government increased it from N54,000 to N57,000, and the organised labour moved from N615,000 to N500,000, and then to N497,000 and the meeting has been adjourned to next week Tuesday.”

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