Details Emerge As Labour Rejects FG’s Fresh ₦57,000 Wage Proposal

The New Diplomat
Writer

Ad

Elon Musk drops to second place as AI boom powers Oracle’s Larry Ellison to world’s richest status

By Obinna Uballa Elon Musk has lost his long-held crown as the world’s richest person to Oracle co-founder Larry Ellison, following a record-breaking surge in Ellison’s net worth. According to Bloomberg’s Billionaire Index, Ellison’s fortune jumped by an unprecedented $101 billion on Tuesday night to reach $393 billion, surpassing Musk’s $385 billion. The windfall came…

(VIDEO) Global CEOs, Top Diplomats, Ministers, Governors, Industry leaders gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas, Minerals, Maritime Opportunities

By Abiola Olawale Following the official opening of the 80th Session of the United Nations General Assembly (UNGA80), New York, USA, high-level delegations from over a dozen countries, including global CEOs, top diplomats, ministers, governors, industry leaders will gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas,…

BREAKING! Alleged $7.2bn Fraud: EFCC Quizzes Ex-NNPCL Boss, Mele Kyari

By Abiola Olawale The immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has reportedly been grilled on Wednesday by the Economic and Financial Crimes Commission (EFCC) over allegations of multi-billion-dollar fraud. Reports emerging on Wednesday revealed that Kyari voluntarily appeared before the EFCC to answer questions…

Ad

  • Organized Labour Shifts Ground From N615,000 to N497,000

By Abiola Olawale

The Organised Labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has reportedly rejected the Federal Government’s third offer for the new minimum wage.

According to reports filtering in, FG on Wednesday resumed talks with the organised wage, putting a fresh wage proposal of N57,000 on the negotiation table.

However, an insider source privy to the matter said the Organised Labour immediately rejected the offer.

It would be recalled that the government had proposed ₦54,000 on Tuesday when the committee resumed negotiations. The government had also initially proposed ₦48,000 last week, which was also rejected by the Organised Labour.

According to the source, the government reportedly cited a paucity of funds as the reason it proposed N57,000.

The source said: “Initially, the government refused to shift grounds on the N54,000 it proposed earlier, noting that it didn’t have enough funds to pay. However, we took a 30-minute break to make further deliberations.

“We as Labour reject the proposed N57,000 and the meeting has been adjourned till Tuesday next week.

Following the stance of the government, the source also said that the Organised Labour saw reasons to drop their demand from the initial ₦615,000 minimum wage to ₦497,000.

The deliberations of the tripartite committee on the new minimum wage were said to have reportedly reached a stalemate, leading to an adjournment of proceedings. The committee will reconvene on Tuesday, May 28 to continue discussions.

The New Diplomat recalls that the committee is yet to agree on a new minimum wage just about 10 days before the May 31 deadline the labour unions gave to the government to conclude the negotiations.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp