After extended negotiations on Friday, the Federal Government and the organized private sector have raised their minimum wage offer to N62,000, an increase from the previously proposed N60,000.
However, organized labour has countered with a revised demand of N250,000, down from their initial proposal of N494,000.
This development concludes the deliberations of the tripartite committee, which was established by the Federal Government to determine a new minimum wage.
The committee’s recommendations will now be forwarded to President Tinubu, who is expected to draft an executive bill for the National Assembly’s consideration.
The tripartite committee, formed in January, has reached the end of its mandate, shifting the responsibility to President Tinubu and the National Assembly.
However, the proposal of a N60,000 minimum wage by the Federal Government has been met with resistance from the 36 state governors, who argue it is unsustainable.
According to a statement by Mrs. Halima Ahmed, Acting Director of Media Affairs and Public Relations of the Governors Forum, implementing the N60,000 minimum wage would compel many states to allocate their entire monthly revenues to salaries.
