Minimum Wage: Labour Unions Declare Indefinite Strike, Target N494k

NLC and TUC Organised labour

The Nigeria Labour Congress, (NLC) and Trade Union Congress (TUC) has declared indefinite strike over failed negotiation on the new minimum wage.

Organised Labour shut down economic activities

The organised labour are proposing N494,000 new minimum in line with the current economic situation. While the Tinubu-APC led government is offering N60,000

The Federal government new minimum wage offers is a 100% increase. This seem meagre owing to the current market value of goods.

At the moment, Nigerians are battling with a dwindling economy where price of commodities changes on a weekly basis.

FG meets Organised Labour

After one day of intense strike action on Monday, the Nigeria Government invited labour leaders for negotiation. The meeting was scheduled to decide on the ongoing strike and the offer of new minimum wage that is economically not feasible.

The meeting ended in deadlock and organised labour says they are going on indefinite strike.

On first day, the strike action has paralyzed major economic activities in Nigeria. The organised labour has shut down the national grid and airline operations.

President Tinubu is yet to comment on the ongoing strike by organised labour.

The government is advised to urgently address the situation to avoid the consequences that might arise. Strike actions are not favourable in the long run.

Fuel is currently selling at N700 and N800 across cities and town in Nigeria. The cost of transport is having a negative impact on goods and services.

New Minimum Wage

The new minimum wage of N494,000 is valued at 1,545% increment, which will amount to N9.5 trillion annually. This seem unbearable to the Tinubu government.

Meanwhile, the salaries of top government officials is never disclosed because it will cause tension and aggression to the general public.

Attached is the details of the resolutions reached at the meeting between the Federal Government and the organised labour held on Monday 3rd June 2024. It was held at the office of the Secretary to the Government of the Federal through by the Tripartite Committee of the National Minimum Wage (NMW).

FG meets organised labour 1
FG meets organised labour 2

The new minimum wage: Labour Unions declare indefinite strike to press home the demand of Nigeria’s workers whose take pay cannot meet their monthly spending.

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