Federal Government Reaches Tentative Agreement with Labour on New National Minimum Wage

After a marathon meeting convened by the Secretary to the Government of the Federation (SGF), George Akume, the Federal Government and Organised Labour have reached a tentative agreement on a new national minimum wage.

The agreement promises a monthly wage above N60,000, as assured by President Bola Tinubu.

The meeting, which included members of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), agreed on a four-point resolution to end the ongoing industrial dispute:

1. President Tinubu is committed to a National Minimum Wage higher than N60,000.

2. The Tripartite Committee will meet daily for the next week to finalize an agreeable National Minimum Wage.

3. Labour will convene a meeting to consider the President’s commitment.

4. No worker will be victimized for participating in the industrial action.

This development comes after the Organised Labour embarked on an indefinite nationwide strike on Monday, paralyzing activities in both public and private sectors.

The strike was called to demand a new national minimum wage and a reversal of the recent electricity tariff hike.

The agreement signals a potential end to the strike, as Labour leaders consider the President’s commitment to a higher national minimum wage.