New Minimum Wage: FG, Labour Finally Reach Agreement

Organized labor and the Federal Government, on Thursday finally reached an agreement on the percentage increase on the consequential adjustment in workers’ salaries, as a result of the new minimum wage of N30,000.

The Minister of State for Labour and Employment, Festus Keyamo, disclosed this on this Twitter page.

“After some delicate negotiations (with both ministers as conciliators), the government and labor have finally reached an agreement on the consequential adjustment of other wages following the implementation of the enhanced minimum wage of N30,000. We are working on the communiqué,” he tweeted.

The President of the Trade Union Congress, Quadri Olaleye and the Secretary-General, Musa-Lawal Ozigi, confirmed the peace pact in a statement.

It read, “We commend the Head of Service of the Federation, Dr Folashade Yemi-Esan, and her team for their sincerity.

“Though they argued that the government could not afford to meet our earlier demand of N30,000 minimum wage across the board because of the economic situation in the country, we made them understand that some people could not be more Nigerian than others.

“If we are tightening our belts, the government should also do so.”

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