Minimum wage negotiations inconclusive, says Ajaero as presidency debunks N105,000 proposal rumour

With just days left before the expiration of the ultimatum given by organized labor, negotiations on the minimum wage remain inconclusive as the federal government has yet to present its proposal to the tripartite committee.

Joe Ajaero, President of the Nigeria Labour Congress (NLC), expressed disappointment at the lack of progress, highlighting that the government team had not presented its template to the committee as directed. Ajaero noted that while the committee continues to work, the delay in government’s presentation raises concerns about meeting the deadline.

Speculations regarding a proposed minimum wage of N105,000 were dismissed by Ajaero, who stated that such information had not been officially or unofficially communicated to the labor union. This sentiment was echoed by Bayo Onanuga, the Special Adviser to the President on Communication and Strategy, who urged Nigerians to disregard such rumors.

Earlier in the day, Wale Edun, the Minister of Finance, presented a report to President Bola Tinubu containing the cost implications of the new minimum wage. While details of the report were not disclosed, Edun assured that there was “no cause for alarm” and encouraged Nigerians to “expect a good figure.”

Source: Business Day