Organized Labour Says It May Raise Its Minimum Monthly Wage Demand to N1 Million

The organized labour has warned that it may demand a minimum monthly wage of N1 million, during the forthcoming tripartite negotiations on the new wage.

President of Nigeria Labour Congress (NLC), Joe Ajaero, who gave this indication on a television program on Sunday, said the demand may rise to N1 million, depending on the prevailing economic situation.

Ajaero recalled that when the labour initially demanded N200,000 wage, the foreign exchange then was N900 to a dollar, which has since gone up to N1,400.

Last month, a top labour leader said they would demand N440,000 monthly minimum wage.

Already, the tripartite committee that would negotiate the new wage had been constituted.

He said the organized labour is meeting with the federal government on Monday to discuss resolutions around the strike notice issued by the NLC and Trade Union Congress (TUC).

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They looked at some of the governors who are not paying even the existing minimum wage and even they have a minister of budget who didn’t implement his minimum wage as a governor.

If you have these people in the government team on the issue of minimum wage, some of us have not seen a bright future in the work of this new minimum wage committee.

Both the NLC and the Trade Union Congress last week Thursday issued a 14-day strike notice to the Federal Government, expressing frustration over its failure to implement a 16-point agreement signed in October 2023.

This agreement aimed to alleviate the suffering caused by the rise in petrol prices and the devaluation of the naira, policies that have increased hardships and inflation.

The unions demanded the government fulfill its obligations within the stipulated 14-day period starting from Friday, February 9, 2024.