Minimum Wage Negotiations: Deadlock As FG Proposes N62,000 Against Organized Labour’s N250,000

By: The New Diplomat

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June 7, 2024

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By Abiola Olawale

The Federal Government has made a fresh proposal of N62,000 as the new minimum wage for Nigerian workers.

The representatives of the Federal Government made this proposal during the meeting of the tripartite committee on minimum wage, on Friday.

However, organized labour tendered a proposal of N250,000 as minimum wage, shifting ground from its earlier demand of N494,000.

The New Diplomat reports that the latest offer of the Federal Government came after the Minister of Finance, Wale Edun, had submitted a report detailing the template for a new minimum wage to President Bola Ahmed Tinubu.

The proposed N62,000 minimum wage also comes in contrast with the declaration of the governors in Nigeria, who said earlier that they can’t pay N60,000 as minimum wage.

The governors had expressed concerns regarding the sustainability of the N60,000 minimum wage, citing potential negative impacts on the country’s overall development.

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