The Nigeria Labour Congress (NLC) claims that President Tinubu promised a ₦250,000 minimum wage if he was allowed to increase petrol prices.
This commitment, according to the NLC, was a key factor in their initial agreement to the fuel price hike. With rising living costs and economic challenges, the NLC urges the government to fulfill its promise to ease the burden on Nigerian workers.
The President also agreed that the national minimum wage review would no longer be done every five years, promising a three-year window for reviews.
“We’re happy to announce today that both the federal government and Organised Labour have agreed on an increase of the ₦62,000.
“The new national minimum wage that we expect to be submitted to the National Assembly for legislation is ₦70,000,” Alhaji Mohammed Idris, the Minister of Information and National Orientation had said.
In an interview on Channels Television‘s Politics Today on Thursday night, Ajaero said labour unions accepted the Federal Government’s new offer after great work and wide consultation.
The NLC President added that organised labour decided to make a big sacrifice by dropping its 250 thousand naira demand for the new offer.