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Minimum wage: Tripartite committee appeals to labour to reconsider demands

THE Tripartite Committee set up by the Federal Government (FG) to negotiate a new minimum wage has urged the labour unions to consider economic realities during their negotiations and discussions.

The tripartite committee was established by the federal government to review the minimum wage and urged labour unions to reassess their demands. 

The chairman of the Committee, Bukar Aji, who spoke on Sunday, June 16 in Abuja appealed to labour to rethink their position based on economic factors and the non-monetary inducements provided by the government.

Aji urged labour to consider several government initiatives, such as the N35,000 wage award for all federal employees paid by the Treasury, the N100 billion conditional grant for gas-fueled buses and gas kit conversions, the N125 billion financial inclusion grant for small and medium-sized businesses, and the N25,000 monthly stipend for 15 million households spread over three months.

Along with other initiatives, he mentioned the N185 billion in palliative loans to states to lessen the impact of the elimination of gasoline subsidies, the N200 billion to increase agricultural productivity, the N75 billion to bolster the manufacturing sector, and the N1 trillion for student loans.

Aji urged the labour unions to think about taking the federal government’s N62,000 minimum wage offer.

He stated that given how many firms are currently having difficulty, the committee is attempting to prevent a situation where raising the minimum wage will result in additional job losses.

The Trade Union Congress (TUC) and Nigeria Labour Congress (NLC) launched a nationwide strike on June 3 in protest of the federal government’s refusal to accommodate their demands.

The labour unions “relaxed” the strike for one week after twenty-four hours.




     

     

    On June 7 the federal government raised its offer from N60,000 to N62,000 but the labour unions insisted on N250,000.

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    Meanwhile, President Bola Tinubu said his administration would only pay what it could afford as minimum wage.

    Tinubu reportedly said this during the 25th Democracy Day Dinner at the State House Conference Centre in Abuja on Wednesday, June 12.

    He told the leadership of the National Assembly, who were present at the dinner, that an executive bill would sent to the lawmakers soon.

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    Bankole Abe
    Reporter at ICIR | [email protected] | Author Page

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