• About Us
  • Contact Us
  • Privacy & Policy
Sunday, June 8, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Minimum Wage: Nigerian Government And Labour Unions Reach Agreement, Potentially Ending Strike Today

Martins Nwakaji by Martins Nwakaji
June 4, 2024
in National, News
Reading Time: 3 mins read
A A
0
Minimum Wage: Nigerian Government And Labour Unions Reach Agreement, Potentially Ending Strike Today
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

By: Nwakaji Martins

The indefinite strike by labour unions is on the verge of concluding following an agreement reached late Monday between the unions and the federal government regarding a new national minimum wage.
The agreement was finalized during a meeting coordinated by the Secretary to the Government of the Federation (SGF), George Akume, in Abuja. The presence of the National Security Adviser, Nuhu Ribadu, at the meeting, underscored the significance attached to it by the administration of Bola Tinubu. While the specific amount for the new minimum wage was not disclosed, both parties settled on the federal government offering a higher figure than the current N60,000.
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) initiated an indefinite strike on Monday to pressure the government into agreeing on a new minimum wage for workers, along with reviewing the electricity price hike for certain consumers. The agreement, signed on Monday, involved the President of the NLC, Joe Ajaero; the President of the TUC, Festus Osifo; the Minister of Information, Mohammed Idris, and the Minister of Labor, Nkiruka Onyejeocha. “The President, Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, is dedicated to implementing a National Minimum Wage that surpasses N60,000,” as stated in the agreement.

To expedite the finalization of the new minimum wage agreement, the Tripartite Committee on National Minimum Wage is scheduled to convene daily over the next week. The objective is to achieve a mutually acceptable minimum wage that satisfies both the government and the labour unions. As part of the agreement, the Tripartite Committee will meet daily over the next week to reach a consensus on a National Minimum Wage. Labour, recognizing the commitment of the President, agrees to convene a meeting of its organs promptly for consideration. An additional assurance is that no worker will face repercussions for participating in the industrial action.
Following the agreement, the leadership of NLC and TUC is set to brief their unions’ executives and those of other affiliated unions on Tuesday to gain approval to suspend the strike. The approval is anticipated to be granted, and the strike may be halted thereafter. The unions had previously stated, “The current minimum wage, by law, expired on April 19, 2024, necessitating an immediate review.” They criticized the recent electricity tariff hike for a segment of Nigerians, deeming it an unsustainable burden for businesses and workers.

The unions rebuked the government’s proposal of N60,000 as the new minimum wage, citing it as inadequate and insensitive to the financial challenges faced by workers due to government policies like the removal of the petrol subsidy, naira devaluation, and increased electricity tariffs. “The government’s offer belittles the severe hardships imposed on workers by its insensitive and oppressive economic policies,” the unions contended.
Emphasizing that their demand for a new national minimum wage aligns with international standards and legal obligations, the labour unions referenced the conventions of the International Labour Organization (ILO), particularly the Minimum Wage Fixing Machinery Convention 26 of 1928 and the Minimum Wage Fixing Convention 131. These conventions mandate member nations to establish a minimum wage that ensures workers receive a living wage. Nigeria, as a signatory, has had a national minimum wage in place by law since 1961.

Nigeria implemented its first minimum wage in 1981, setting it at N125 (approximately $188 at that time), equivalent to N282,000 at the current exchange rate. However, the real value of wages has significantly declined, plunging many workers into poverty. The strike initiated by the labour unions, as reported by Newsmen, commenced on Monday morning, causing disruptions at public facilities like airports, schools, and hospitals while impacting private businesses such as banks and electricity companies. In an earlier statement on Monday, Mr. Idris affirmed that President Tinubu is dedicated to addressing Nigeria’s economic challenges through compassionate and thoughtful policies.

Tags: nigeriapoliticsTinubu
Martins Nwakaji

Martins Nwakaji

Related Posts

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims
National

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

4 hours ago
June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 
National

June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

4 hours ago
Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG
National

Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG

5 hours ago
Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game
National

Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

5 hours ago

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims
National

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

4 hours ago
June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 
National

June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

4 hours ago
Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG
National

Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG

5 hours ago
Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game
National

Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

5 hours ago
Donald Trump and Elon Musk fight dirty in heated online war
International

Trump warns Elon Musk of ‘serious consequences’ if he funds Democrats

5 hours ago
Traditional Superiority: Alaafin Denies Rift With Ooni Of Ife, During Visit To Oluwo
National

Traditional Superiority: Alaafin Denies Rift With Ooni Of Ife, During Visit To Oluwo

1 day ago

POLITICS

SDP Senator Leaves Party, Says He Can’t Stay In Same Party With El-Rufai

SDP Senator Leaves Party, Says He Can’t Stay In Same Party With El-Rufai

5 hours ago
Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

5 hours ago
Akwa Ibom: Assembly Members, Others Rejects Eno’s Defection Order

Akwa Ibom: Assembly Members, Others Rejects Eno’s Defection Order

1 day ago
Breaking News: Akwa Ibom’s Umo Eno joins APC, dumps PDP.

Breaking News: Akwa Ibom’s Umo Eno joins APC, dumps PDP.

2 days ago
Don’t aspire to be President if you cannot resolve crisis in your “small party” – Akpabio challenges Peter Obi

`Please return home to our party,ʼ PDP begs Peter Obi

2 days ago
Group Fires Back At Wike Over Betrayal Allegations Against Makinde, Mbah.

Wike debunks existence of “Cabal” in Tinubu’s government

3 days ago

YOUR ECONOMY

Dangote refinery is Tinubu’s brainchild – Aliko
Economy

Dangote refinery is Tinubu’s brainchild – Aliko

2 days ago
FG will revive cocoa industry – Shettima
Economy

FG will revive cocoa industry – Shettima

5 days ago
Nigerian companys take priority over foreign businesses with “Nigeria First Policy” 
Economy

Tinubu seeks $25 billion Nigeria-Morocco gas pipeline investment

5 days ago
Development bank disbursed N1 trillion to MSMEs – MD
Economy

Development bank disbursed N1 trillion to MSMEs – MD

1 week ago
Becoming AfDB president greatest honour of my life – Adesina
Economy

Becoming AfDB president greatest honour of my life – Adesina

2 weeks ago
Dangote Refinery Drops Pump Prices Again with a Price Range between 875 and ₦905 Nationwide
Economy

Dangote Refinery Drops Pump Prices Again with a Price Range between 875 and ₦905 Nationwide

2 weeks ago

E & P

France beat Germany to third place at Nations League
Sports

France beat Germany to third place at Nations League

by Steven Atogi
5 hours ago
0

France had a terrible time against Spain last week in the nations league, losing 5-4 at the Semi-final. Spain's victory...

Breaking: Victor Osimhen to earn ₦4.7billion monthly at Al Hilal

Breaking: Victor Osimhen to earn ₦4.7billion monthly at Al Hilal

5 hours ago
Ballon d’Or: Ronaldo tips Dembele, Says Champions League Winner Should Be Crowned.

Ballon d’Or: Ronaldo tips Dembele, Says Champions League Winner Should Be Crowned.

1 day ago
Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95

Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95

1 day ago
Breaking: Al Hilal submits €70m proposal to Napoli for Osimhen

Breaking: Al Hilal submits €70m proposal to Napoli for Osimhen

1 day ago
God Has Chosen Davido to be  President of Nigeria – South Africa Based Nigerian Pastor John Anosike Prophesies

God Has Chosen Davido to be  President of Nigeria – South Africa Based Nigerian Pastor John Anosike Prophesies

2 days ago

YOUR THOUGHT & HISTORY

ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
3 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
5 months ago
The Transformative Power of AI in Revolutionizing Industries and Empowering Growth
Columns

The Transformative Power of AI in Revolutionizing Industries and Empowering Growth

by Blessing Chinyere Daniel
6 months ago
Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit
Columns

Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit

by Uloma Harrison-Ikenwanze
6 months ago
The Power of Data in Today’s World
Columns

The Power of Data in Today’s World

by Blessing Chinyere Daniel
6 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

June 8, 2025
June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

June 8, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address