Official Announcement On New National Minimum Wage Imminent As Tripartite Committee Submits Report To FG

The New Diplomat
Writer

Ad

Sad! Senator Dies in Abuja Hospital While Raising Funds for Treatment

By Abiola Olawale Former Senator Ibrahim Musa Kontagora, who represented Niger North Senatorial District of Niger State at the Senate from 2011 to 2015, has passed away in an Abuja hospital on Thursday. Reports indicate that Senator Kontagora passed away after a Hospital in Abuja allegedly delayed a critical surgery due to an unpaid $15,000…

Why Oil Prices May Be Stuck Below $72

Kuwait expects oil prices to remain below $72 per barrel in the near term, Tareq Al-Roumi, the Oil Minister of one of OPEC’s top producers, said on Thursday. Brent crude prices were trading at around $67 per barrel early on Thursday. Kuwait, as well as OPEC, are monitoring the market and all statements coming from…

The 20 Largest Cryptocurrencies by Market Cap

Bitcoin remains the largest cryptocurrency with a $2.36 trillion market capitalization, more than 5x larger than the next largest cryptocurrency, Ethereum. Layer 1 tokens and stablecoins dominate the rest of the top 10 largest cryptocurrencies, however, memecoin Dogecoin still ranks ninth with a $37 billion market cap. Cryptocurrencies are among the most volatile and innovative…

Ad

By Abiola Olawale

The Tripartite Committee on National Minimum Wage, on Monday, submitted its report to the Secretary to the Government of the Federation (SGF), George Akume, following the conclusion of its assignment.

This was revealed in a statement issued on Monday by the Director of Information and Public Relations in the office of the SGF, Segun Imohiosen.

According to the statement, following the submission of the report, the SGF will in turn present it to President Bola Ahmed Tinubu.

The official presentation will take place upon the return of the leadership of the Organised Labour, along with the representatives of the Government and Organised Private Sector, who are currently attending the International Labour Organization (ILO) Conference in Geneva, Switzerland.

The SGF also appreciated the Chairman of the Committee, Bukar Goni Aji and the members for their commitment and sacrifices during the negotiations.

It would be recalled that Tinubu on January 30, 2024, inaugurated a 37-member Tripartite Committee on National Minimum Wage.

The Committee was tasked with the responsibility of recommending a new national minimum wage for Nigerian workers in public and private sectors.

Negotiations encountered significant hurdles during the Tripartite Committee meeting as the organized labour representatives angrily walked out of various meetings on at least two occasions.

It would be recalled that the government had made proposals of N48,000, N54,000, and N57,000, with the latest being N62,000 during the negotiations.

Organized labour has also been consistence in its demand for a new minimum wage above N100,000. The unions had initially demanded N615,000, bringing it down later to N497,000 with its latest proposal pegged at N250,000.

Ad

X whatsapp