New minimum wage announcement on Workers’ Day unrealistic —TUC

New minimum wage announcement on Workers’ Day unrealistic —TUC

 Festus Osifo, president of the Trade Union Congress (TUC),
says organised labour’s expectation that the federal government will announce a
new minimum wage on May 1 is unrealistic.

 

In January, the government set up a 37-member tripartite
committee on the minimum wage.

 

Subsequently, organised labour submitted a demand of
N615,000 as the new minimum wage for workers, and urged the government to
announce the new minimum wage on Workers’ Day.

 

Speaking with NAN on Friday, Osifo said negotiations with
the government on a new minimum wage are ongoing.

 

 “The negotiation by
the tripartite committee is still ongoing. If you remember, the TUC earlier
submitted N447,000 as the new minimum wage but we have harmonised our figure
with the Nigeria Labour Congress (NLC),” he said.

 

“It is now N615,000. Regarding the ‘when’ for the new
minimum wage, the committee is still working.

 

“So, certainly, May 1, will not work for the pronouncement
of the new minimum wage. Except if the federal government wants to pay the
minimum wage of N500,000 to workers.

 

 “If you look at the
N615, 000, you will think that the amount is right but when we did that
computation, a dollar was about N1, 700.

 

“I am hopeful that the committee will meet after May 1.”

Source: New minimum wage announcement on Workers’ Day unrealistic —TUC

 - NigerianEye
Invest in US dollars: https://hashflare.io/r/CF2F6691