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  • News - North Central - FCT
  • Updated: June 16, 2024

Tripartite committee urges reconsideration of N250,000 minimum wage

Tripartite committee urges reconsideration of N250,000 minim

The Tripartite Committee on National Minimum Wage has urged organised labour to reconsider its demand for a monthly minimum wage of N250,000.

Chairman Goni Aji conveyed this message in Abuja on Sunday, stressing economic factors and non-monetary incentives provided by the Federal Government to support workers.

Aji pointed out several initiatives, including the N35,000 wage increase for federal workers, a N100 billion allocation for gas-fueled buses and kits, and a N125 billion conditional grant.

Also, financial support for small and medium enterprises, a three-month N25,000 payment to 15 million households, and N185 billion in palliative loans to states were emphasized.

Further initiatives mentioned were N200 billion for agricultural development to boost food production, N75 billion for the manufacturing sector, and N1 trillion earmarked for student loans.

In light of these measures, Aji suggested that labour reevaluate its stance on the minimum wage demand.

According to the News Agency of Nigeria, he explained that the release of 42,000 metric tonnes of grains from strategic reserves and the purchase and onward distribution of 60,000 metric tonnes of rice to the millers association.

Goni stated that the recent salary increase of 25 per cent and 35 per cent on all consolidated salary structures for federal workers and the 90 per cent subsidy on health costs for federal civil servants registered on health insurance programmes.

All these, he said, should be considered by the labour unions and accept the N62,000 being offered by the Federal Government.

He said that the light rail inaugurated in Abuja was to relieve transportation costs until the end of the year was a landmark achievement that would cushion the effect of fuel subsidy.

He said in addition to the freedom of civil servants to engage in agriculture, the Federal Government has approved the inclusion of ICT services for alternate sources of income.

He said the committee agreed that where major and small businesses were closing down with the consequent loss of jobs, the outcome of a new minimum wage should be such that it would not trigger further massive job losses.

He further said that linking the strike to electricity hikes with the wage determination was not fair to the negotiating parties.

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