Edited By Margret Oshinowo
Organised Labour has disclosed the reason for proposing an N615,000 minimum wage.
In an interview on Wednesday, the President of Trade Union, Festus Osifo, said organised labour have considered many factors before coming up with the N615,000 minimum wage.
Osifo said that organised labour awaits the Nigerian federal government’s counteroffer on its proposed minimum wage.
“We had a minimum wage harmonisation committee that came up with N615,000. So, the position of organised labour (together with the Nigeria Labour Congress) for the new minimum wage is N615,000. But remember, we are not stupid to propose this. A lot of factors went into it. This is a negotiation. If you are going to negotiate, you don’t submit your rough bottom. You look at what is fair, just and reasonable. We are waiting for the government to bring their counteroffer, so we go into negotiations,” he stated.
He made this statement as Nigeria joins the rest of the world to mark International Workers’ Day amid economic hardship caused by inflation, which was at 33.22 per cent in March. Meanwhile, the country’s minimum wage remains N30,000.
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