President Bola Tinubu has directed the Minister of Finance, Wale Edun, to come up with the cost Implications on the new minimum wage within two days.
However, the Nigeria Labour Congress (NLC) says it is not fixated on a figure as negotiations continue with the Federal Government over a new national minimum wage.
Minister of Information and National Orientation, Mohammed Idris, made this disclosure about the President’s order to State House Correspondents after a meeting the negotiation team had with the President at Aso Rock, on Tuesday.
He said: “All parties to the negotiation of the new minimum wage would work together with the organised labour to present a new minimum wage for Nigerians in one week.
“All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable sustainable and also realistic.”
Organised Labour on Monday declared a strike over a new minimum wage and the recent hike in electricity tariff for Band A customers.
Following the strike action, the Federal Government and Organised Labour reached an agreement on a new minimum wage that will be “above N60,000.”
The figure was disclosed by the government late Monday after a meeting with the Nigeria Labour Congress (NLC) and its counterpart, the Trade Union Congress (TUC), at the Office of the Secretary to the Government of the Federation (OSGF).
Speaking on Arise TV on Tuesday, Benson Upah, Head of Department of Information NLC said: “We are not fixated on any figure; our first offer was N615,000, but we climbed down, and we’re now on N494,000. Let me be emphatic; our fixation is with value. If today the government takes the needed decisions to create value around the naira, we’ll be ready to take a figure that is realistic.
“In 1981, the national minimum wage was N125, equivalent to $188. If the government takes the requisite decision to create value around the naira, we’ll be ready to take a figure that is fair and square.”
Speaking further, he stated that President Bola Tinubu, since assuming office, has made decisions that have affected the country’s economy.
He said: “The first is the ill-advised removal of fuel subsidy rather than dealing with the criminal content of the subsidy. The president admitted to the presence and existence of a cabal, and rather than deal with that, he instead chose to deal with Nigerians.
“The second one is the mindless devaluation of the naira, which took it from N350 to N1900 and it’s now hovering around N1600; the third is the tariff hike; and the fourth is the 26.5 per cent interest rate. When you look at this, it becomes highly toxic for business.”
The NLC spokesperson responded to comments made by Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, stating that the union has no political sentiment.
He said, “As we speak now, we’re the only reliable voice that can speak to power at the risk of our lives. We’ve been consistent from pre-independence to the military and democratic eras. This is not the first time we’ve taken on a government. Right from 1999, the presidency of Obasanjo; then Yar’adua; and Jonathan, but Onanuga didn’t see political sentiment.
“I want to assure you that we’ve no political sentiment. Our sentiments in this matter are pure, patriotic, and in the interest of this country,” he added.
