Happenings

Federal Government Releases New Minimum Wage

Federal Government Releases New Minimum Wage

The negotiation by the tripartite committee on a new national minimum wage, has come to stop as the Federal Government concluded that it can not afford more than N25,000 per month as the new minimum wage

 

The organized labor and Organized Private Sector (OPS) have refused to accept the figures tendered by the Federal Government and are insisting on N30,000 minimum wage per month.

 

However, the Federal Government has earlier presented N21, 700 per month as new minimum wage to the other social partners when the tripartite committee resumed sitting on Thursday, October 4th.

 

But not happy with what the Federal Government had presented despite the high cost of living in the country at the moment, the organized labor and Organized Private Sector (OPS), reportedly reached an accord, increasing their earlier figure to N40,000 from N25, 000 

 

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