News

June 5, 2024

Labour not fixated on N494k minimum wage because not everyone can afford it – TUC

Minimum wage: N54,000 falls short of what Nigeria should be paying — TUC 

President of Trade Union Congress, TUC, Festus Osifo speaking on Channels Television.

The Trade Union Congress (TUC) said the organised labour is not fixated on N494k minimum wage because not everyone can afford it.

The pesident of the Trade Union Congress (TUC), Festus Osifo stated this in an interview on Channels Television’s Politics Today on Tuesday.

Osifo said the organised labour will not accept an “unreasonable” addition to the N60,000 minimum wage offer by the federal government.

He said labour would not have embarked on a strike if the federal government had shown signs of seriousness in previous meetings.

Recall that the Nigeria Labour Congress (NLC) and TUC “relaxed” their indefinite strike by one week to negotiate with the federal government on a new minimum wage.

The NLC and the TUC had declared an indefinite strike, which started on Monday, over the failure of the federal government to meet their minimum wage demand.

On Monday night, the labour unions reached an agreement with the federal government to fix a new minimum wage, which is above N60,000.

Reacting to the development, Osifo said the federal government understands that organised labour is not “fixated” on the demand for the N494,000 minimum wage.

The TUC president said the labour unions knew it would be difficult for all parties involved to afford the N494,000 offer.

He said, “We also told them that it is not that we get to the table you start adding N1 and N3,000 as they were doing.

“If they (the federal government) had told us on Sunday that we should give them one week to resolve the issue.

“If what we achieved yesterday (Monday) was achieved on Sunday, there was no need for us to embark on industrial action.

“’In all seriousness, they know we are not fixated on N494,000, and we know on our part that N494,000 cannot be afforded by everybody.”