• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

NLC rejects FG’s N62,000 minimum wage proposal, demands N250,000

Caleb Obiowo by Caleb Obiowo
June 10, 2024
in Business, Business News
Minimum Wage
Share on FacebookShare on TwitterShare on Linkedin

The Nigeria Labour Congress (NLC) has firmly rejected the federal government’s ₦62,000 minimum wage proposal, insisting on a minimum of ₦250,000.

Chris Onyeka, the NLC’s Assistant General Secretary, conveyed this stance during an interview on Channels Television’s Morning Brief show on Monday.

Onyeka criticized the ₦62,000 proposal as a “starvation wage,” and dismissed the ₦100,000 suggestion from some individuals and economists as equally unacceptable.

RelatedStories

Gov. Okpebholo increases minimum wage for Edo workers to N75,000

Gov. Okpebholo increases minimum wage for Edo workers to N75,000

May 1, 2025
NLC, Minimum wage

NLC slams Nigerian governors over failure to fully implement new minimum wage, salary adjustments

April 30, 2025

The NLC remains steadfast in its demand for a more substantial and realistic minimum wage to address the current economic challenges faced by Nigerian workers.

“We have never considered accepting ₦62,000 or any other wage that we know is below what we know can take Nigerian workers home. We will not negotiate a starvation wage.

“We have never contemplated ₦100,000 let alone ₦62,000. We are still at ₦250,000, that is where we are, and that is what we considered enough concession to the government and the other social partners in this particular situation. We are not just driven by frivolities but the realities of the marketplace; realities of things we buy every day: a bag of rice, yam, garri, and all of that,” Onyeka stated.

The NLC official further disclosed that should the federal government and the National Assembly fail to act on the demand of the workers by Tuesday, June 11, 2024, the organs of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) would meet to decide on the resumption of the nationwide industrial action relaxed last Tuesday.

What you should know

Following unsuccessful discussions over a new minimum wage, Labour initiated an indefinite strike on Monday, June 3, 2024, leading to widespread disruption as airports, hospitals, the national grid, banks, and government establishments were shut down.

Labour argued that the current ₦30,000 minimum wage is inadequate due to rising inflation and the impacts of recent policy changes, such as the removal of petrol subsidies and the unification of forex windows.

They also pointed out that many governors have not been paying the current wage, which expired in April 2024.

President Bola Tinubu set up a tripartite committee in January 2024 to negotiate a new minimum wage. The labour unions’ initial demand was ₦615,000, later reduced to ₦494,000. The government and private sector’s proposals, peaking at ₦60,000, were rejected, leading to the strike.

On June 3, 2024, Secretary to the Government of the Federation, George Akume, announced the President’s commitment to a wage above ₦60,000, prompting Labour to suspend the strike on June 4, 2024, and resume negotiations.

The President tasked Finance Minister Wale Edun with creating a new wage template. Despite intense discussions, no consensus was reached by June 7, 2024.

Labour reduced their demand to ₦250,000, while the federal government offered ₦62,000.

Both parties have now submitted their proposals to the President, who will decide and forward an executive bill to the National Assembly for legislative approval.


Follow us for Breaking News and Market Intelligence.
Tags: Labour Unionsminimum wageNLCTUCwage proposal
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo has a degree in Urban and Regional Planning from the University of Uyo. With over three years of experience writing about a range of topics, Caleb is dedicated to educating his audience through useful content. He is currently an analyst at Nairametrics focused on exploring the Nigerian transportion, construction, and real estate sectors, among others.

Related Posts

Gov. Okpebholo increases minimum wage for Edo workers to N75,000
Business News

Gov. Okpebholo increases minimum wage for Edo workers to N75,000

May 1, 2025
NLC, Minimum wage
Business News

NLC slams Nigerian governors over failure to fully implement new minimum wage, salary adjustments

April 30, 2025
Adebayo Adelabu
Energy

NLC blasts Power Minister Adelabu’s claim that over 150 million Nigerians enjoy adequate electricity

April 24, 2025
NLC, TARIFF
Business News

NLC, TUC issue 14-day ultimatum to Zamfara government over implementation of N70,000 minimum wage

March 26, 2025
NLC, TARIFF
Business News

NLC threatens nationwide protest over FG’s planned electricity tariff adjustment  

March 2, 2025
NLC, TARIFF
Breaking News

NLC directs Nigerian workers to boycott telecom services over tariff hike 

February 12, 2025
Next Post
Denmark

Denmark allows professional models work for a short duration without a work permit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
Zenth Bank
first bank
Zenth Bank








DUNS

Recent News

  • NELFUND disburses N56.85 billion loans to 298,124 students in one year
  • NBC & NigComSat unveil Nigeria’s satellite-driven digital switchover: “The Big Picture” 
  • Lagos Govt to begin €410 million Omi Eko water transport project in June 2025 

Follow us on social media:

Recent News

NELFUND

NELFUND disburses N56.85 billion loans to 298,124 students in one year

May 30, 2025
NBC & NigComSat unveil Nigeria’s satellite-driven digital switchover: “The Big Picture” 

NBC & NigComSat unveil Nigeria’s satellite-driven digital switchover: “The Big Picture” 

May 30, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics