In a significant move towards resolving the ongoing labour disputes, the Nigerian government is reportedly poised to finalize a new national minimum wage agreement. President Bola Tinubu has extended an invitation to the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) for a critical meeting at Aso Villa this Thursday.
Sources close to the administration, as quoted by PUNCH, indicate that the President is keen to address and settle the protracted negotiations on the minimum wage during this meeting. The labour unions have been steadfast in their demand for a N250,000 minimum wage, a figure considerably higher than the government’s current offer of N62,000. This disparity has fueled concerns among state governments and private sector employers about their capacity to meet even the proposed N62,000 wage.
As the nation anticipates this high-stakes meeting, the exact figure President Tinubu will propose remains undisclosed. The outcome of these negotiations is poised to have far-reaching implications for the economic landscape and the livelihood of Nigerian workers.
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