The Tripartite Committee meeting on the new minimum wage is expected to resume on Friday, May 31, 2024, after the Federal Government issued an invitation to organised labour to continue negotiations.
The letter, signed by the Committee's Secretary, Ekpo Nta, was addressed to the Presidents of the Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC).
The scheduled meeting will be the seventh in a series of committee meetings, as members strive to reach an agreement on the new minimum wage.
The last meeting on Tuesday met a dead end when Organised Labour rejected the Federal Government's offer of ₦60,000.
The labour representatives in the committee however adjusted their demands downward from the initial ₦497,000 naira minimum wage request to ₦494,000 naira
For months, labour unions and the federal government have been negotiating a new minimum wage, with the former issuing an ultimatum of May 31st.
Labour had initially asked for a ₦615,000 minimum wage but reduced it twice – now at ₦494,000. The government and the Organised Private Sector proposed ₦48,000 and ₦54,000, which were both rejected by workers.
