Nigeria’s Federal Government has settled for N105,000 as new national minimum wage for the workers.
The nation’s Minister of Finance, Wale Edun, came up with the proposal today, June 6, in response to President Bola Tinubu who gave him this week to present a minimum wage template.
The minister presented the template to the President today, June 6, ahead of the five days which the organized labour gave as timeline for the suspension of the nationwide strike action that was carried out on Monday, June 3.
The proposed minimum wage is slated to be paid per month to Nigerian workers.
Information reaching us at Greenbarge Reporters online newspaper said that President Tinubu is currently reviewing the proposal with an official announcement expected soon.
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) had ordered workers to embark on a nationwide over the Government’s refusal to accede to its demand for a higher minimum wage of N494,000.
But after a day of the strike that threw the country into near collapse, both parties went back to the negotiation table and finally reached an agreement.
In fulfilment of their own side of the deal, President Tinubu mandated minister Edun to provide a template for the new Minimum Wage before the weeks runs out.
