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No Longer ₦447,000′ – TUC Reveals Amount Organized Labour Is Demanding From Government As New Minimum Wage
No Longer ₦447,000′ – TUC Reveals Amount Organized Labour Is Demanding From Government As New Minimum Wage....KINDLY READ THE FULL STORY HERE▶
The Trade Union Congress (TUC) has disclosed that organized labor has settled on ₦615,000 as the new minimum wage to request from the federal government for Nigerian workers. TUC President, Festus Osifo, revealed this while addressing journalists on Friday in Abuja, noting that this amount aligns with the Nigeria Labour Congress (NLC).
Osifo mentioned that the initial proposal of ₦447,000 was discarded after discussions with the NLC. However, he expressed skepticism regarding the government’s announcement of a new minimum wage on May 1, citing ongoing negotiations with the Tripartite Committee.
“The negotiations by the Tripartite Committee are still ongoing. If you remember, the TUC earlier submitted N447,000 as the new minimum wage, but we have harmonized our figure with the Nigeria Labour Congress (NLC). It is now N615,000,” Osifo stated.
He added that the government might not immediately agree to the ₦615,000 demanded by organized labor, but negotiations would commence from that point. Osifo emphasized the need for dialogue, considering both labor and government perspectives.
“The government also has its markup, and so conversations and negotiations will start and end somewhere. If you look at the N615,000, you will think that the amount is right, but at about the time we did that computation, a dollar was about N1,700,” he explained.
Osifo expressed hope that the committee would reconvene after May 1 to continue discussions. The federal government has established a 37-member tripartite committee on minimum wage to deliberate and propose a new minimum wage for Nigerian workers.
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Tinubu Government Increases Allowances, Welfare And Exit Package Of Nigerian Workers.
The administration of President Bola Tinubu has approved an upward review of peculiar allowances, welfare benefits, and exit packages for civil servants across Nigeria.....KINDLY READ THE FULL STORY HERE▶
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Oyedele Steps In As Finance Minister, Takes Over National Economy Portfolio.
Taiwo Oyedele has officially taken over as Nigeria’s Minister of Finance and Coordinating Minister of the Economy following a formal handover from his predecessor, Wale Edun.....KINDLY READ THE FULL STORY HERE▶
The transition, which reportedly took place on Thursday evening, was confirmed in a statement issued by the Ministry’s Head of Information and Public Relations, Efe Ovuakporie.
According to the statement, the handover was concluded within the timeframe set by President Bola Ahmed Tinubu.
In his inaugural address, Oyedele pledged to consolidate ongoing reforms while delivering measurable economic outcomes.
He said his administration would prioritise fiscal discipline, transparency, and improved performance across key sectors of the economy.
He also expressed his readiness to work closely with staff of the ministry to strengthen efficiency and service delivery.
Oyedele commended his predecessor, Wale Edun, for his role in advancing Nigeria’s economic reform agenda, and thanked President Tinubu for entrusting him with the responsibility.
The Permanent Secretary, Raymond Omachi, alongside the Permanent Secretary (Special Duties), Mohammed Danjuma, welcomed the new minister and assured him of the full support and cooperation of the ministry’s workforce.
During Edun’s tenure, the ministry implemented several fiscal reforms aimed at improving revenue generation and economic coordination. However, the period also faced challenges, including budget implementation constraints that affected ministries, departments, and agencies.
There were also concerns over outstanding payments owed to pensioners and contractors during the same period.
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Court Orders Arrest Of Abuja Lawyer, Police Officer Over N300m Eviction Dispute.
A High Court of the Federal Capital Territory (FCT), sitting in Maitama, has issued a bench warrant for the arrest of an Abuja-based lawyer, Victor Giwa, and a police officer, Edith Erhunmuuse, after they failed to appear in court.....KINDLY READ THE FULL STORY HERE▶
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