Organized Labour clarified the rationale behind its proposal for a N615,000 minimum wage
Speaking in an interview with Channels Television on Wednesday, the President of the Trade Union, Festus Osifo, said organized labour considered many factors before coming up with the N615,000 monthly minimum wage.
According to him, organized labour awaits the Nigerian federal government’s counteroffer on its proposed minimum wage.
“We had a minimum wage harmonization committee that came up with N615,000. So, the position of organized labour (together with the Nigeria Labour Congress) for the new minimum wage is N615,000. But remember, we are not stupid to propose this. A lot of factors went into it.
“This is a negotiation. If you are going to negotiate, you don’t submit your rough bottom. You look at what is fair, just and reasonable. We are waiting for the government to bring their counteroffer, so we go into negotiations,” he stated.
Nigeria’s observance of this year’s International Workers’ Day, amidst economic challenges exacerbated by high inflation, reached 33.22 per cent in March. Despite this, the minimum wage in the country remains stagnant at N30,000.
