On Thursday, Finance Minister Wale Edun submitted the proposed cost implications of a new national minimum wage to President Bola Tinubu. Edun’s proposal suggests a minimum wage of N105,000.
Earlier in the week, President Tinubu had directed Edun to prepare a new wage template within two days.
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However, as of Thursday morning, the Nigeria Labour Congress (NLC) reported no updates on the new minimum wage offer, emphasizing their demand for a living wage via their official X (formerly Twitter) account.
The NLC had set a one-week ultimatum, criticizing the lack of progress and urging the government to take prompt action.
The organized labor group is advocating for a minimum wage of N494,000, significantly higher than the government’s initial offer of N60,000.
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Despite these tensions, Finance Minister Edun, along with Minister of Budget and National Planning Atiku Bagudu, presented the cost implementation details of the proposed minimum wage to President Tinubu at the presidential villa in Abuja.
Edun reassured the public, stating, “There is no cause for alarm.”
Trade Union Congress President Comrade Festus Osifo confirmed that no new developments or offers had been made by the government.
He emphasized that discussions so far had focused on principles rather than concrete proposals.
Osifo expressed hope that a definitive offer would be presented soon, indicating the labor union’s readiness to resume discussions the following day.
