The Federal Government has advised Labor to consider the economic implications of its push for an unrealistic higher national minimum wage.
Minister of Information, Mohammed Idris, hinted that the 250,000 naira minimum wage demanded by labor could undermine the nation’s economy, lead to mass retrenchment of workers.
However, the labor dismissed President Bola Ahmed Tinubu’s claims during his Democracy Day broadcast on Wednesday that an agreement had been reached on the new national minimum wage.
Acting President of the Nigeria Labor Congress, NLC, Adewale Adeyanju, informed that as of the time negotiations ended on June 7, no agreement had been reached by the Tripartite Committee on the National Minimum Wage.
The parties had engaged in prolonged talks for weeks with the unions insisting on 250,000 naira minimum wage while the Federal Government and the Organized Private Sector offered 62,000 naira.
