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₦200,000 Minimum Wage: NLC Raises Negotiation Team, Outlines Conditions

Following President Bola Ahmed Tinubu’s commitment to implementing a “national living wage” in his New Year address, the Nigeria Labour Congress (NLC) has assembled a negotiation team to engage with the government. The current minimum wage, negotiated in 2018, is set to expire in April 2024, prompting the need for a review.

Tinubu, in his address, affirmed the government’s dedication to addressing the economic well-being of the working class. NLC President, Comrade Joe Ajaero, sheds light on the conditions and considerations for the upcoming negotiations in this interview:

Q: What is the progress in setting up the committee for the minimum wage review?

A: The committee has not been formed yet, but we have submitted the names of our representatives. While we anticipated the committee’s formation by the end of November or early December 2023, it hasn’t happened as of now. We remain prepared with our team.

Q: Last time, you hinted that the new minimum wage might not be less than N200,000. Does this stance persist?

A: My earlier mention of N200,000 was based on evaluating the value of $200 at the time. Adjusting for current circumstances, including the devaluation of the currency, our final proposal will be based on thorough considerations.

Q: Can you provide insights into your negotiation proposal with the government?

A: Our proposals are not publicized in newspapers, but we are committed to thorough discussions. We will consider factors like the cost of living, currency devaluation, and the economic standing compared to other countries.

Q: When is the expected implementation date for the new minimum wage?

A: We anticipate April, coinciding with the expiration of the current minimum wage.

Q: Given the delay in committee formation, how long do you think the negotiation process will take?

A: The timeline depends on the government’s commitment, but negotiations could conclude within a week if both parties are serious.

Q: Regarding the N35,000 wage award, is there assurance the government will fulfill its commitment?

A: The wage award is an agreement, and we expect the government to honor it. I will address any challenges now that I am back from the hospital. The arrears must be paid, respecting the sanctity of the agreement.

Q: Has Labour addressed the government’s non-payment and sought reasons behind it?

A: Implementation varies across sectors, both public and private. Unions will remind management entities to fulfill their obligations. We will assess compliance percentages by January to address any discrepancies.

This interview provides insights into the ongoing preparations and expectations as Nigeria approaches a critical juncture in minimum wage negotiations.