..No Funds to Pay, FG Insists
The tripartite committee on new minimum wage has adjourned till next Tuesday, May 28 to continue deliberation after Wednesday’s meeting in Abuja ended in a deadlock again.
The Federal Government, the organised private sector and the organised labour failed to reach a consensus on the new minimum wage at the Wednesday meeting.
However, it was gathered that Labour proposed N497,000 as minimum wage.
Meanwhile, sources at the meeting revealed that the government initially stood its ground on the N54,000 it proposed on Tuesday, explaining there is no funds to pay.
But despite its lamentation over paucity of funds, the federal government, it was further learnt had to propose the sum of N57,000 after the committee took a 30-minute break to make further deliberations.
The sources noted that at the end of the break, both the government and the OPS proposed the sum of N57,000 as minimum wage.
The sum was, however, rejected by labour.
“The final proposal from labour was N497,000 and that was after the government and the private sector proposed N57,000.
The highly informed sources noted that at the end of the break, both the government and the OPS proposed the sum of N57,000 as minimum wage.
The sum was, however, rejected by labour.
“The final proposal from labour was N497,000 and that was after the government and the private sector proposed N57,000.
He noted that NLC and TUC normally meet before the negotiation meetings commences “to ask ourselves the direction to go.”
President Tinubu through Vice President Kashim Shettima, had on January 30, 2024, inaugurated the 37-member Tripartite Committee on Minimum Wage to come up with a new minimum wage ahead of the expiration of the current N30,000 wage on April 18.
