Federal Government to increase minimum wage to 56,000

There are strong indications that President Muhammadu Buhari, might soon increase workers minimum wage, as a the Federal Government delegation will be having a meeting with the leadership of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, on Tuesday, November 1st, for deliberation on the issue. According to news reports, the meeting is said to initiate modalities, that will guide negotiations for the new N56,000 minimum wage, proposed by the Worker Union.


It could be recalled, that the organised Labour Unions, had on May 1st, during their workers day celebration, demanded for a new minimum wage of N56,000, with the Federal Government agreeing to set up a joint committee to begin negotiations. The NLC President, Ayuba Wabba, confirming the proposed talks scheduled for today, described the renewed negotiation, as a step in the right direction. The present N18,000 minimum wage, was signed into law, in March 2011, by former President, Goodluck Jonathan, thus putting an end to three years of prolonged negotiations, protests, strike, and threats between the government and the organised Labour. The signing of the law by President Jonathan, increased the national minimum wage across the country, from N7,500 to N18,000 per month.
 

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