The Nigeria Labour Congress (NLC) has suggested that due to the increasing cost of living, the new minimum wage could be potentially renegotiated to either N100,000 or N200,000.
Initially, both the NLC and the Trade Union Congress (TUC) had planned to initiate a strike on Tuesday in response to the removal of fuel subsidies.
However, they decided to postpone the strike after holding a meeting with government officials in Abuja on Monday evening.
NLC President Joe Ajaero explained that this delay was to provide the government with the opportunity to fulfill its part of the agreement made with organized labour.
He also emphasized that the N35,000 wage award, which is one of the government’s proposals, does not represent the new minimum wage, which he suggests could potentially reach N200,000.
“So, it is not a minimum wage but it is a wage added to the minimum wage. So, should we in March, April, or before that time negotiate the new wage to be N100,000 or N200,000, it would be inscribed as minimum wage law which should be the law in existence,” he said.
Emphasizing that the N35,000 wage grant does not supplement the existing national minimum wage of N30,000, the leader of the NLC stated that several factors would be taken into account when determining a revised minimum wage.
“Certain things would come into play when we discuss it – inflation, cost of living. Every other thing would come into it,” he added. “We would not go to ask for N65,000. We would go for a realistic amount because N65,000 is about $70 which is not up to minimum wage.”
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