President Bola Ahmed Tinubu of Nigeria has committed to establishing a new minimum wage exceeding ₦60,000 as the Tripartite Committee resumes daily meetings this week to finalize an agreement.
This decision follows an eight-hour meeting between Federal Government officials and Organised Labour leaders, prompted by an indefinite strike initiated by Labour over wage disputes.
During the meeting, a key part of the agreement reached was that Labour leaders would immediately consult with their key members to decide on the ongoing strike, which has already lasted one day. The agreement also guarantees that the government will not retaliate against any union official involved in the strike.
Minister of Information and National Orientation, Mohammed Idris, and Minister of State for Labour and Employment, Nkeiruka Onyejeocha, signed the agreement on behalf of the Federal Government. Representing Labour, Nigeria Labour Congress (NLC) President Joe Ajaero and Trade Union Congress (TUC) President Festus Osifo affixed their signatures.
The negotiations aim to address the concerns raised by Labour about the adequacy of the current minimum wage, and to bring an end to the strike that has significantly disrupted economic activities across the country.
