Home News We Accepted ₦70,000 Minimum Wage to Avoid Fuel Price Increase – NLC President
News

We Accepted ₦70,000 Minimum Wage to Avoid Fuel Price Increase – NLC President

719
The Nigeria Labour Congress (NLC) said it has declined President Bola Tinubu's proposal to accept their proposed minimum wage of ₦250,000 to avoid an increase in petrol prices.

The Nigeria Labour Congress (NLC) said it declined President Bola Tinubu’s offer of N250,000 as the minimum wage and an increase in petrol prices.

The NLC President, Joe Ajaero, made this known during a Thursday interview on Channels Television’s Politics Today programme, following a meeting between Labour representatives and President Tinubu in Abuja.

Ajaero stated that the decision to accept N70,000 instead was to prevent further hardship for Nigerians.

“At last week’s meeting, the President brought a proposal that ‘I will give you guys ₦250,000’ if you allow me to equally increase the pump price of petroleum products’ and we said, ‘No, we need to go and consult’,” Ajaero explained.

“Today, we went there to tell him, ‘No’. The labour movement can make sacrifices without allowing Nigerians to suffer further on the increase in the pump price of petroleum products.”

The rejection of the proposal comes amid a sharp rise in petrol prices, which have surged from ₦184 in May 2023, following President Tinubu’s declaration that “subsidy is gone” to more than ₦700, depending on the state.

Tinubu is expected to submit an executive bill to the National Assembly to formalise the agreed minimum wage rate for legislative action.

This acceptance of  ₦70,000 as the new minimum wage contradicts the organised labour’s earlier stance that they will not accept any slight increase to the ₦60,000 offer proposed by the tripartite committee for the new minimum wage.

Read more: Microsoft Outage Hits Banks, Airlines, Media Worldwide Due to CrowdStrike’s Faulty Update

Liberia’s House of Reps to Review Proposal to Amend Anti-Homosexuality Law

About The Author

Related Articles

FinanceNews

Stephen Akintayo Advertises $18,000 Mentorship Programme Amid Multiple Fraud Allegations

Nigerian entrepreneur Dr. Stephen Akintayo has been criticised after launching a high-priced...

Nigeria's Inflation is Not Looking Good, NBS 2024 Report Shows
FoodNews

SBM Survey Shows Worsening Food Insecurity in Nigeria and Ghana

A recent report by SBM Intelligence has shown that food insecurity is...

NewsTravel

NiMet Workers Protest Unmet Demands, Warn Nigerians: “Fly at Your Own Risk”

Operations at the Nigerian Meteorological Agency (NiMet) headquarters in Abuja were shut...

BusinessNews

Niger, UAE Firm Sign Deal to Establish Gold Refinery – Mines Minister Vows Local Processing to Benefit Citizens

Niger has signed a joint venture agreement with the Emirati company Suvarna...