- Advertisement -spot_img
28.2 C
HomeMetro NewsOrganised labour proposes N615,000 monthly minimum wage to govt

Organised labour proposes N615,000 monthly minimum wage to govt

- Advertisement -spot_img

Amidst mounting economic challenges and soaring living costs in Nigeria, Organised Labour has tabled a demand for a new minimum wage of N615,000 per month for workers.

Confirming the development to Channels Television on Sunday, the President of the Nigeria Labour Congress (NLC) disclosed that this proposal emerged from consultations between the NLC and the Trade Union Congress (TUC).

Labor unions argue that the current minimum wage of N30,000 is insufficient to sustain the well-being of the average Nigerian worker, especially considering that some state governors are not fully implementing the current wage award, which is set to expire in April.

The Minimum Wage Act of 2019 mandates a review every five years to address evolving economic realities.

READ ALSO: Arsenal’s title hopes hit the rock with 2-0 loss to Villa as Man City get boost

Both the NLC and the TUC have urged President Bola Tinubu’s administration to expedite the upward adjustment of wage awards. In January, the Federal Government established a 37-member Tripartite Committee on the National Minimum Wage to recommend a new wage.

Initially, the NLC proposed N1 million as the new minimum wage due to rampant inflation, while the TUC suggested N447,000 per month.

Subsequently, in a fresh proposal to the government, both unions settled on N615,000 as the new minimum wage, citing the significant impact of inflation, which reached 31.70% as of February 2024.

Highlighting the increased revenue allocations to state governors by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the unions underscored that state governments now have the financial capacity to meet the proposed wage demands and ensure the well-being of public servants.

Join Our Mailing List!

* indicates required
- Advertisement -spot_img
- Advertisement -spot_img
Must Read
Related News
- Advertisement -spot_img