The President of the Commerce Union Congress, TUC, Festus Osifo, has stated the much-awaited new minimal wage might not be introduced on Could 1.
Osifo made this assertion whereas talking with newsmen on Friday in Abuja.
”The negotiation by the Tripartite Committee remains to be ongoing. If you happen to keep in mind, the TUC earlier submitted N447,000 as the brand new minimal wage however now we have harmonised our determine with the Nigeria Labour Congress, NLC.
“It’s now N615,000. Relating to the when for the brand new minimal wage, the committee remains to be working.
“So, definitely, Could 1, won’t work for the pronouncement of the brand new minimal wage. Besides if the Federal Authorities desires to pay the minimal wage of N500,000 to employees,” he stated.
He, nonetheless, stated that the N615,000 demanded by the organised labour isn’t sacrosanct.
”The federal government additionally has its markup and so conversations and negotiations will begin and finish someplace,” he stated.
He defined that earlier than organised labour arrived at that quantity, a correct research was carried out.
”If you happen to have a look at the N615,000, you’ll assume that the quantity is correct however at in regards to the time we did that computation, a greenback was about N1,700.
”I’m hopeful that the committee will meet after Could 1,” he stated.
DAILY POST recollects that the 37-member tripartite committee on minimal wage was arrange by the Federal Authorities to proceed additional negotiations and consultations on the brand new minimal wage.
The Nationwide Minimal Wage Committee is chaired by former Head of the Civil Service of the Federation, Bukar Aji, with different members drawn from the Federal Authorities and State Governments, the non-public sector in addition to organised labour.
Vice President Kashim Shettima stated the organising of the minimal wage evaluation committee is a reaffirmation of President Bola Tinubu’s want to encourage the nation’s workforce which he describes because the cornerstone of the administration.
Shettima famous that although selections made to salvage the economic system stay inevitable, the Federal Authorities isn’t oblivious to the short-term implications, assuring Nigerians of higher days forward.
He urged the committee to be diligent and seek the advice of extensively in arriving at a good and first rate wage that may alleviate the sufferings of the folks.
