FG Offers N62,000 or $42 as New National Minimum Wage
The Federal Government said it has offered organised labour N62, 000 which is equivalent to 42 US dollar at N1476 exchange rate as the new national minimum wage for workers in the country.
Gov. Hope Uzodimma of Imo state said this while addressing journalists at end of the Tripartite Committee negotiation meeting on Friday in Abuja. Uzodimma, who is also the Chairman of Governor Forum, said on behalf of the governors that there was progress in the negotiation of the new minimum wage.
“We are almost there because are just about to sign the dot and there will be a complete closure. Everything else will follow.
“The committee has worked so hard and the committee has reached an agreement. The tripartite committee is made up of three parties: -the government, the Organised Private Sector(OPS) and the organised labour.
“In the wisdom of the committee, it has put together a recommendation that will be forwarded to Mr President for further action The organised private sector and the Federal Government have agreed on N62, 000 while the organised labour is asking for N250, 000.
“At the end of the day what is important is that we are talking. There is no hostility anymore. And the national anxiety is going to be relaxed as soon as this is made public, “he said. Also, Festus Osifo, President, Trade Union Congress (TUC) noted that the OPS and Federal Government have recommended N62, 000 as the minimum wage.
“But for us we felt that with the current economic hardship and the difficulty in the land the sum of N250, 000 should be what will be okay for the minimum wage. We are going to sign a report and forward this position to Mr President. This committee is to make recommendation to him.
” So we will forward it to him and Mr President will forward it to the National Assembly.
“We will keep pushing to ensure that we have a wage that stands the test of time in Nigeria, he said. Speaking, Mr Goni Aji, Chairman of the Tripartite Committee on the National Minimum Wage, said the recommendation that they had was as a result of a deep dialogue and consensus reached at the Tripartite level.
According yo him, the situation that we are recommending to Mr President, some how, is repeating itself because it happened in the 2018 exercise. “In 2018, it was the other way. The organised private sector and the organised labour recommended N30, 000 as minimum wage, while the government side recommended N24, 000.
“Two figures were recommended to the then President for his consideration and onward transmission to the National Assembly for it to become a law. That is exactly where we are,” he said. He added that the mandate of the tripartite committee is to recommend. It has no powers to approve but to recommend.
He said that the recommendation reached came as a result of deeper understanding and studies of all the economic indices, current inflation, and the state of the economy He noted that the organised private sector and the government are aggressive on a figure of N62,000, while the organised law is asking for N250.000.
“At the end of the day, what is important is that we are still talking,” he said. #FG Offers N62,000 or $42 as New National Minimum Wage Naira Steadies as Banks Issue Update on FX Purchase
