Connect with us


Top Stories

Oragnised Labour To Hold Emergency NEC Meeting Over Minimum Wage, Bonus

Published

on

The Organised Labour is set to hold an emergency National Executive Council (NEC) meeting over the suspension of the payment of the wage award to civil servants and increment of the minimum wage.

CityNews reports that President Bola Ahmed Tinubu is expected to sign the new minimum wage bill into law next year.

Advertisement

The Minister of Information and National Orientation, Idris Mohammed, had stated that the current N30,000 minimum wage would expire at the end of March 2024.

However, in the 2024 budget, the Federal Government has budgeted the sum of N1tn for minimum wage adjustments, promotion arrears and severance benefits for civil servants in its Ministries, Departments and Agencies (MDAs).

Advertisement
READ ALSO:   Uzodimma Lampooned By Arise TV Crew For 'Disparaging The Igbo Nation By His Insensitive Comment(Video)

In an interview with The Punch, the Deputy President of the Trade Union Congress (TUC), Tommy Etim, said the stoppage of the payment of the wage award was wrong and a recipe for industrial action.

Etim said the government has refused to call for a meeting with the labour leaders to explain the reason for the stoppage of the wage award.

Advertisement

The TUC official asserted that the labour movement might resolve to embark on a prolonged industrial action during its next NEC meeting.

He said: “At the last TUC NEC meeting, we called the government’s attention to the fact that stopping the payment of the wage award is not in the best interest of the government, because it is a recipe for industrial action; so, that alone is a signal.

Advertisement
READ ALSO:   US Capitol: Police Arrest Man Who Sat On House Speaker, Pelosi's Desk

“However, the government has not also invited us to tell us why they have not paid, so we are waiting; if by the end of this month of December they have not paid, I can assure you that at the next meeting of NEC, there will be a resolution for an industrial action.

“Until the budget passes through the National Assembly and is enacted before Mr President assents to it. If it is assented to, there will be a supplementary budget (new minimum wage), so that is not an issue. When you look at the current inflation rate of about 28.2 per cent, no benchmark as of today can survive. So, it will not be based on a mere pronouncement of N500, 000 for instance.

Advertisement
READ ALSO:   Facebook’s parent Meta prepares to slash thousands of jobs – reports

“The negotiation for a new minimum wage will be based on socio-economic realities. That is what we are going to take to the table. We are going to look at all indices that a worker needs. The housing, transportation, and all these components will form the basis of our discussion and negotiation. So, it is not going to be on a round-figure basis. The current prices of items will determine the current minimum wage.”

Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *







Business and Brands7 hours ago

Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion

News7 hours ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 2nd May 2024

News7 hours ago

Top Nigerian Newspaper Headlines For Today, Thursday, 2nd May, 2024

Entertainment8 hours ago

Kim Kardashian and Odell Beckham Jr. split after 7 months of dating

World8 hours ago

Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group

Top Stories8 hours ago

Trump faces prospect of additional sanctions in hush money trial as key witness resumes testimony

Top Stories8 hours ago

Nigerian Banks close 2million accounts over linkage of BVN, NIN

Top Stories8 hours ago

The President Can’t Tell Me Not To Cut Off A Narcissist, Toxic Manipulator’ – FFK’s Estranged Wife, Precious Chikwendu declares

Top Stories8 hours ago

EFCC Slammed With ₦10 Million Damages For Declaring Pastor, Wife Wanted Without Court Order

News8 hours ago

86 rooms where tenants paid N250,000 a year found under Lagos bridge

Entertainment8 hours ago

Dino Melaye declares Davido, leader of Nigerian music industry

Sports1 day ago

Brentford buy Flying Eagles Defender Frederick from Moses Simon’s Kaduna academy

News1 day ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st May 2024

Politics1 day ago

King Salman Humanitarian Aid & Relief Centre and Abibakr As-Sidiq Philanthropic Home Commission Solar-Powered Borehole Project in Kwara State, Nigeria

Sports1 day ago

UCL: Vinicius Jr hails Real Madrid star after scoring 2 against Bayern

Also Read...