Minimum Wage: Labour Speaks on "Injurious Speculations" as FEC Steps Down Memo

• President Bola Tinubu's decision to give room for more consultations on the memorandum of the tripartite committee on new minimum wage has been condemned
• Organised labour said the failure of the FEC to address the memo at its meeting on Tuesday, June 25, would give room for speculations
• But Mohammed Idris, the minister of information and national orientation, said the move was to allow Tinubu meet other stakeholders on the new minimum wage proposal

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Aso-Rock, Abuja - Organised labour has expressed dissatisfaction with the decision of the Federal Executive Council (FEC) to step down the memorandum concerning the tripartite committee's report on new national minimum wage.

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Benson Upah, the Nigeria Labour Congress (NLC) head of public relations, said that the failure of the FEC to address the memo during its meeting on Tuesday, June 25, and stepped down the report of the tripartite committee on new national minimum wage would "create room for injurious speculations."

Minimum wage: Why FEC stepped down memo

According to The Punch, Mohammed Idris, the minister of information and national orientation, informed journalists on Tuesday that the FEC decided to step down the memo to allow for more consultation between President Bola Tinubu, the governors, local government authorities, and the private sector.

Idris maintained that the council's action was influenced by the fact that the federal government is not the only stakeholder in the national minimum wage conversation.

Aside from the federal government, other stakeholders include the organised private sector (OPS) and labour unions.

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In recent weeks, several meetings have been held on what the new minimum wage should be.

The NLC and the Trade Union Congress (TUC) insisted on N250,000 while the states and OPS aligned with the federal government on a counter-offer of N62,000.

However, state governors argued that any minimum wage above N60,000 is not sustainable.

PDP chieftain speaks on N100k minimum wage

Legit.ng earlier reported that Rilwan Olanrewaju, a chieftain of the Peoples Democratic Party (PDP), said every state government has the potential to pay up to N100,000 as minimum wage.

In an interview with Legit.ng, the PDP chieftain advocated that states should be allowed to pay based on what they get as allocation and their internal revenue.

Olanrewaju also lamented that some governors are not willing to tap into their state's resources to generate more revenue while advocating for state resource control.

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Proofreading by James Ojo Adakole, journalist and copy editor at Legit.ng.

Source: Legit.ng