Labour Union

The Trade Union Congress (TUC) has stated that it is not fixed on a specific figure for the new minimum wage, and is willing to negotiate and make adjustments.

This comes as the tripartite committee on minimum wage has submitted two figures – ₦62,000, from the organised private sector and ₦250,000, from the organised labour – to President Bola Tinubu for consideration.

The TUC President, Festus Osifo, who was a guest on Channels Television’s breakfast programme, The Morning Brief on Friday, emphasized that no figure is sacrosanct and that there is always room for adjustments.

He noted that the labour movement will continue to push for a favourable figure, even if the President’s proposal to the National Assembly is not acceptable to them.

Osifo explained that the labour movement is willing to “meander” and make adjustments to reach a mutually acceptable figure.

He recalled that the previous minimum wage negotiation broke down when the government refused to budge from its proposed figure of ₦60,000, leading to industrial action.

The TUC President vowed that the labour leaders will not rest until the Minimum Wage Act 2024 is passed into law.

He expressed optimism that the President will consider the labour movement’s proposal and send a favourable bill to the National Assembly.

“What we said is that for us when we give figures, there is always a room to meander, there is always a room for us to do some adjustment here and there,

“So, there is no figure that is sacrosanct, there is no figure that is cast in stone that both parties will be fixated on it.

“One of the reasons that we went on industrial action the last time was because when it got to N60,000, they told us that a kobo cannot even join the N60,000, that they cannot even add one naira to it.

“So that was one of the reasons that led to that industrial action beyond the fact that there were also delays“, he said.

Osifo emphasized that the labour movement is committed to ensuring that workers receive a fair wage, and will continue to negotiate and advocate for their rights until the minimum wage is reviewed upwards.

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