Minimum wage: NLC, FG finally reach agreement on percentage increase
- An agreement has finally been reached between the federal government and Nigeria Labour Congress (NLC) over the implementation of the new minimum wage
- Both sides have agreed to a 23.2 percent increase for workers on level seven, 20 percent increase for level eight workers and 19 percent increase for level nine workers
- Organized labour and the govt also agreed that for level 10-14 workers, there’ll be a 16 percent salary increase, while for those on level 15 to 17, there’ll be a 14 percent increase
An agreement was finally reached between the federal government and organised labour on Thursday, October 17, on the consequential adjustment in salaries of Nigerian workers as a result of the new N30,000 minimum wage.
Both teams reportedly finally shifted ground from earlier positions and agreed on certain percentages, following three days of intense negotiation, The Nation reports.
Legit.ng gathers that at the end of the meeting, both sides agreed to a 23.2 percent increase for workers on level seven, 20 percent increase for level eight workers and 19 percent increase for level nine workers.
Organized labour and the government also agreed that for level 10-14 workers, there’ll be a 16 percent salary increase, while for those on level 15 to 17, there’ll be a 14 percent increase.
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Recall that Legit.ng previously reported that the chairperson of the NLC, Lagos state chapter, Funmi Sessi, said workers were anxious to receive the new minimum wage without any further delay.
Sessi, who stated this on Thursday, said that payment of the new minimum wage would be a win-win situation not only for workers but also for the government.
According to the labour leader, the payment will result in improved productivity and wealth creation.
Sessi said that the workers were becoming agitated and restive and wanted the money or would go on strike.
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Source: Legit.ng
