June 7, 2024

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

The New Diplomat

Writer

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,…

September 10, 2025 • News

Charted: Populations of China, India, U.S., and Europe (1950–2100)

Key Takeaways India is projected to remain the world’s most populous country through 2100, stabilizing around 1.5 billion people. China’s population is expected to fall by more than half, from 1.4 billion to 0.6 billion. Europe’s population will decline steadily, while the U.S. population grows gradually to 420 million. As global demographics continue to shift,…

September 10, 2025 • Opinion

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…

September 10, 2025 • Headline

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.

Share this news

Headline