Labour Lowers Minimum Wage Demand to N500,000

The Organised Labour has reduced its minimum wage demand from N615,000 to N500,000 during the ongoing negotiations at the Tripartite Committee. The government expressed concerns about the availability of funds and the private sector’s ability to pay, but the private sector increased its offer from N54,000 to N57,000.

According to Vanguard, the government acknowledged that the NLC’s presentation was evidence-based but pointed out that eight states were not fully implementing the 2019 minimum wage.

The organised labour responded by lowering their demand to N500,000 in line with the government’s request for a shift. Additionally, the Imo State Governor, though not a committee member, has intervened in the discussions. This intervention is notable since six governors in the committee have been consistently absent.