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NLC concludes deliberation, FG set to announce new minimum wage

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NLC concludes deliberation, FG set to announce new minimum wage

The President of the Nigeria Labour Congress (NLC), Mr. Ayuba Wabba, announced that the Tripartite Committee which met to deliberate over workers’ minimum wage has completed all proceedings and submitted a report to President Muhammadu Buhari.

Backstory 

This update follows the suspension of the warning strike which began on the 27th of September and was suspended after three days.

Wabba said that a new minimum wage figure which was acceptable to all employers of labor in the country was agreed upon by the Tripartite Committee which included the Trade Union Congress (TUC), United Labour Congress (ULC), and the NLC.

Mr. Ayuba said, “I want to assure workers that all has been concluded and will be passed for signing within the week.””I also want to appreciate the Organised Private Sector, Manufacturers Association of Nigeria and Nigeria Employers Consultative Association (NECA) for their resolve to pay the new minimum wage when it is signed into law,” he said.Bottomline

In September, we reported that Nigeria wasn’t in the position to afford a raise in minimum wage due to underperforming budgets and the fact that the country is borrowing to pay workers.  Since then, the Central Bank of Nigeria has announced that the economy is, in fact, at a risk of slipping back into a recession. While it is uncertain the amount that has been agreed on as the new minimum wage, it is clear that Nigeria is not necessarily able to afford it now.

But we will wait and see.

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