Breaking News: NLC Unveils Intention To Discuss Minimum Wage Adjustment To Either N100,000 Or N200,000.

This development follows the decision of the NLC and the Trade Union Congress (TUC) to call off their planned strike, which was originally scheduled for today, following discussions with representatives of the Federal Government…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

The organized labor unions had intended to initiate a nationwide shutdown in response to the removal of fuel subsidies.

On Tuesday, the President of the NLC, Joe Ajaero, disclosed that the strike was postponed to allow the federal government to fulfill its commitments under the agreement reached with the labor unions.

He also clarified that the N35,000 wage increment, which is part of the government’s offer, is not a new minimum wage, and it may eventually be raised to as much as N200,000.

Ajaero, speaking on Channels TV, explained, “So, it is not a minimum wage but an addition to the minimum wage. Should we, in March, April, or before that time, negotiate a new wage of N100,000 or N200,000, it would be established as the new minimum wage, which would become the legally mandated wage.”

He further noted that various factors like inflation and the cost of living would be taken into account during these discussions, emphasizing that they would seek a realistic amount rather than settling for N65,000, which equates to approximately $70 and falls short of being considered a minimum wage.

Ajaero also emphasized the vital role that the National Assembly would play in the process of implementing a new minimum wage.