Minimum wage talks: Labour considers N100,000 as Tinubu issues ultimatum

Organised Labour may settle for N100,000 minimum wage as the Tripartite Committee on National Minimum Wage commences daily meetings for five days to reach a consensus.

Multiple sources in the labour movement told the union leaders were willing to review their demand from N494,000 to N100,000, following the criticism and controversy that trailed their proposal which was considered outrageous and unrealistic.

In a statement by his media aide, Rabiu Ibrahim on Saturday, the Minister of Information and National Orientation, Mohammed Idris, said the proposed minimum wage would result in an annual expenditure of N9.5tn, a burden he described as untenable for the nation’s finances.

To show his commitment to the negotiation, the President on Tuesday directed the Minister of Finance, Wale Edun, to present the cost implications for a new minimum wage within two days.

Tinubu gave the order at a meeting with the government negotiation team led by the Secretary to the Government of the Federation, George Akume, at the Presidential Villa in Abuja.

Speaking with  confidence because Labour had not formally presented its final offer to the tripartite committee, a senior NLC official confirmed that the unions would insist on N100,000 minimum wage.

He stated, “Today’s (Tuesday) meeting was essentially to set an agenda and plan how to complete the assignment within the five days.

“The government representatives did not mention a raise in the N60, 000.  They just set the agenda on what to do and how to go about the negotiation. There was no mention of any increment. But labour planned to close the negotiation on N100,000 minimum wage.’’

The Deputy Head of NLC Political Commission, Prof. Theophilus Ndubuaku, also confirmed that the Tuesday tripartite meeting on minimum wage was to draw an agenda for the daily meetings.