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May 2, 2024
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Labour sets May 31 deadline for new minimum wage

During the Workers’ Day celebrations at Abuja’s Eagle Square, Labour leaders, including Joe Ajaero of the Nigeria Labour Congress (NLC) and Festus Osifo of the Trade Union Congress (TUC), highlighted the dire need for a substantial increase in the minimum wage. They argued that the current N30,000 minimum wage is insufficient given rising inflation and economic challenges.

Labour demanded swift approval of a new living wage of ₦615,000 by the administration before the end of May, warning of potential unrest if negotiations continue beyond that deadline.

Osifo specifically called for the reversal of the recent electricity tariff hike, urging the Nigerian Electricity Regulatory Commission (NERC) and power distribution companies to take action within a week. Meanwhile, the country grappled with worsening fuel scarcity, leading to long queues at petrol stations nationwide, despite assurances from the Nigerian National Petroleum Company (NNPC) Limited.

At the same event, Minister of State Labour, Nkeiruka Onyejeocha, assured workers that despite ongoing negotiations, the new minimum wage would take effect from May 1, 2024. She acknowledged the delay in finalizing the new wage but emphasized ongoing efforts to expedite the process through extensive consultations.

Vice President Kashim Shettima, representing President Bola Tinubu, commended the invaluable contributions of Nigerian workers and expressed the government’s eagerness to receive recommendations on the new national minimum wage.

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