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TUC President: New Minimum Wage Announcement Unlikely on May 1

TUC President: New Minimum Wage Announcement Unlikely on May 1

Festus Osifo, the President of the Trade Union Congress of Nigeria (TUC), has indicated that the announcement of the new minimum wage, eagerly awaited by many, may not happen on May 1 as previously anticipated.

Speaking with journalists in Abuja, Osifo explained that negotiations within the Tripartite Committee are ongoing. The TUC, in collaboration with the Nigeria Labour Congress (NLC), has adjusted its minimum wage proposal to N615,000, up from the initial N447,000.

Osifo clarified that reaching the new minimum wage figure involves dialogue and negotiation with the government, acknowledging that the demanded amount is subject to adjustments.

He highlighted that the calculation was based on economic factors at the time, noting that a previous dollar exchange rate influenced the proposed figure.

The tripartite committee, comprising 37 members and chaired by Bukar Aji, a former Head of the Civil Service of the Federation, continues discussions on the new minimum wage. Vice President Kashim Shettima emphasized the importance of fair wages to alleviate economic challenges, urging the committee to consult widely and diligently to reach a consensus that benefits the workforce.

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