Nigerian govt proposes N62K as new minimum wage

The Federal Government has raised its minimum wage proposal to N62,000.

The decision to raise the offer was taken at a meeting between federal government representatives and the organized labour on Friday night in Abuja.

The labour, however, proposed N250, 000 as the new minimum wage for workers in the country.

The figure was a sharp drop in the N494,000 proposed earlier by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).

The federal government rejected the demand as unsustainable and proposed N60,000 instead.

The governors of the 36 states had earlier on Friday rejected the N60,000 proposed by the federal government as the new in the country.

In a statement issued on Friday by the Director of Media and Public Affairs for Nigeria Governors Forum (NGF), Halimah Ahmed, the governors said the proposed minimum wage was too high and not sustainable.

They expressed fear that many states would allocate their entire allocations from the Federal Account Allocation Committee (FAAC) to salaries if the N60,000 minimum wage was adopted.

The Minister of Finance and the Coordinating Minister for the Economy, Wale Edun, had during the week presented the new minimum wage template to President Bola Tinubu in Abuja.

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