Voice Air Media, VAM News Update
Organized Labour has explained the reason for proposing an N615,000 minimum wage.
In a Channels Television interview on Wednesday, the President of Trade Union, Festus Osifo, said organized labour considered many factors before coming up with the N615,000 minimum wage.
According to him, organized labour awaits the Nigerian federal government’s counteroffer on its proposed minimum wage.
“We had a minimum wage harmonization committee that came up with N615,000. So, the position of organized labour (together with the Nigeria Labour Congress) for the new minimum wage is N615,000. But remember, we are not stupid to propose this. A lot of factors went into it. This is a negotiation. If you are going to negotiate, you don’t submit your rough bottom. You look at what is fair, just and reasonable. We are waiting for the government to bring their counteroffer, so we go into negotiations,” he stated.
His statement comes as Nigeria joins the rest of the world to mark this year’s International Workers’ Day amid economic hardship caused by soaring inflation, which stood at 33.22 per cent in March. Meanwhile, the country’s minimum wage remains unchanged at N30,000.
The Governor of Osun State, Ademola Adeleke, has expressed confidence that the ongoing remodelling of…
Students of Obafemi Awolowo University, Ile Ife, Osun State, have decried long queues and delays…
Retired personnel of the Nigeria Police Force and their families on Monday blocked a gate…
Boko Haram has issued a 72-hour ultimatum to the Nigerian government over 416 captives in…
Doctors in Ondo State, under the auspices of the Nigeria Medical Association, the Ondo State…
The Federal Government has earmarked N1.371bn in the 2026 budget for the prosecution of Boko…