Why we accepted N70,000 as minimum wage – Labour
2 min read
Why we accepted N70,000 as minimum wage – Labour
By Flomedia Reporter
The Nigeria Labour Congress and Trade Union Congress, led by Comrade Joe Ajaero and Comrade Festus Osifo, have given reasons NLC accepted N70,000 as new minimum wage.
Speaking moments after President Bola Tinubu agreed to pay N70000 as new minimum wage, Joe Ajaero said the organized labour accepted the offer with mixed feelings as a result of the prevailing economic circumstances.
Ajaero said: “Well, we’re here last week and we’re here now. What have been announced in terms of the amount of N70,000 happened to be where we are now. But the good thing about it is that we will not wait for another five years to come on review.
Rather, than settling on a figure that we wait for five years, is like we’ll have to now negotiate even two times within five years, with a view to going up. That is one of the reasons you know why we decided to reach where we are today because of the proviso that ‘you can review in the next three years.
“The other one, we came with other issues in the basket, like the issue of SSANU, NASU and others, especially with the affront by the Commissioner of Police FCT, we brought it to Mr. President and talked on the need for that matter to be addressed.
“And magnanimously he asked the agencies concerned to work out the modalities for the payment of those workers in the universities.”
It will be recalled that when the Tripartite Committee met, the government team and the private sector started with the offer of N48, 000 then to N54, 000, N57, 000, N60, 000 and finally N70, 000.
