Trade Union Congress (TUC) deems new minimum wage announcement on May Day as unfeasible
Festus Osifo, the President of the Trade Union Congress (TUC), expressed skepticism regarding the possibility of announcing the long-awaited new minimum wage on May 1.
In a discussion with reporters in Abuja on Friday, Osifo indicated that ongoing negotiations by the Tripartite Committee may delay the announcement.
He mentioned that the initial proposal submitted by TUC was N447,000, but after harmonization with the Nigeria Labour Congress (NLC), the figure now stands at N615,000.
Osifo stated, "The committee is still in the process of reaching a consensus, so it is unlikely that the new minimum wage will be announced on May 1, unless the Federal Government intends to pay N500,000 as the minimum wage."
He clarified that the N615,000 demand from organized labor is not set in stone,...