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

The New Diplomat
Writer

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

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.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp