Thursday, November 7, 2024

NLC formally accepts N70,000 minimal wage, provides purpose

The Nigeria Labour Congress has formally accepted the federal government’s supply of N70,000 minimal wage.

Based on a communique signed by NLC President Joe Ajaero, the union made the choice at its emergency Nationwide Government Council assembly on Friday.

Mr Ajaero stated the labour union “accepted the president’s supply of N70,000…as the brand new Nationwide Minimal Wage and the 3-yearly tenure for its assessment.”

The labour union additionally gave causes for accepting the federal government’s supply.

“…this resolution, although difficult and much from our preliminary demand, was made within the spirit of solidarity and sacrifice for Nigerian plenty…”

Dangote Refinery

PREMIUM TIMES reported the protracted negotiation between the federal government and labour over the brand new minimal wage.

Negotiations commenced final yr after the Tinubu administration eliminated subsidies on petrol, resulting in astronimical will increase within the costs of products and companies.



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