×
Share with your friends
  • News - North Central - FCT
  • Updated: June 25, 2024

New minimum wage: FEC may consider increase in workers' salaries today

New minimum wage: FEC may consider increase in workers' sala

In a crucial meeting today, the Federal Executive Council, FEC, will discuss several urgent issues facing Nigeria, with a possible emphasis on the continuing minimum wage controversy.

The FEC sessions are now scheduled under President Bola Tinubu's instruction to hold every Monday, instead of the previous Wednesday schedule, with the last meeting conducted on May 13 and 14.

The main issue on today's agenda, according to Daily Trust, is the contentious minimum wage standoff between organised labour organisations and the federal government.

The Federal Government acknowledged its ability to raise the minimum wage to 62,000 after receiving a report from a tripartite committee that was recently constituted for this reason.

The Nigerian Labour Congress, NLC, and the Trade Union Congress, TUC, as representatives of organised labour, are steadfastly advocating for a minimum wage of N250,000.

The discussion today is crucial because it is expected to close the gap between labour demands and the government's plan.

In today's meeting, the council is scheduled to evaluate labour's stance in detail as well as what the government can realistically handle.

It is anticipated that this would result in the creation of an executive law to address the wage issue, which will then be submitted to the National Assembly.

It is critical that the controversy over the minimum wage be resolved. Millions of workers are impacted, but there are also wider economic ramifications in terms of consumer spending and purchasing power.

Related Topics

Join our Telegram platform to get news update Join Now

1 Comment(s)

See this post in...

Notice

We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings