Minimum wage: Labour gives fresh update as Tinubu takes major move

The President of the Trade Union Congress (TUC), Comrade Festus Osifo, has stated that the Organized Labour is awaiting for the outcome of President Bola Tinubu's consultation on the new minimum wage.

Osifo spoke at a one-day retreat organized by the National Institute for Legislative and Democratic Studies (NILDS), where he noted that negotiations for the new minimum wage are ongoing.

Minimum Wage: Labour says they are waiting for Tinubu's consultation Photo Credit: @NLCHeadquarters, @officialABAT
Source: Twitter

The TUC leader urged the National Assembly to expedite the passage of the new minimum wage into law, emphasizing the importance of a living wage for Nigerian workers.

Osifo commended the swift progress made in the minimum wage negotiations, noting that the process has been faster than previous instances, such as the 2019 minimum wage discussion which took almost two years.

According to him, the Organized Labour had set a three-to-four-month timeline for the negotiations, and although the Tripartite Committee made recommendations to the government by the end of May, they are still waiting for a response over a month later.

He said the government told them that President Tinubu wants to conduct further consultations with Organised Labour, the Organised Private Sector (OPS), and state and local governments before making a decision on the new minimum wage.

The labour leaders are waiting for this consultation to present their case to the President, emphasizing that the process of setting a new minimum wage involves a tripartite committee arrangement.

Source: Legit.ng