Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    NELFUND: Tinubu Approves Recovered EFCC Cash For Student Loans

    August 19, 2026

    No Shortcut to Aso Rock: ADC, NDC Must Be Prepared To Work — Afegbua

    August 19, 2026

    Arsenal Sign Aston Villa’s Ezri Konsa In £51m Deal

    August 19, 2026
    Facebook X (Twitter) Instagram
    Trending
    • NELFUND: Tinubu Approves Recovered EFCC Cash For Student Loans
    • No Shortcut to Aso Rock: ADC, NDC Must Be Prepared To Work — Afegbua
    • Arsenal Sign Aston Villa’s Ezri Konsa In £51m Deal
    • Tinubu To Address World Leaders At UNGA 81
    • Ogogo’s Daughters Cry Out For Help As Actor Battles Stage Four Cancer
    • Osun Election: APC’s Oyebamiji Accepts Result, Urges Supporters To Remain Calm
    • El-Rufai Files N10b Suit Against ICPC Over Denial Of Family Access
    • Edo Assembly Speaker, Blessing Agbebaku Resigns, Idiaye Assumes Position
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Thursday, August 20
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » N494,000 Minimum Wage Is Too High, Negotiate, Says Labour Party
    3 Mins Read5 ViewsJune 3, 2024

    N494,000 Minimum Wage Is Too High, Negotiate, Says Labour Party

    By TheScrutinyNGJune 3, 2024No Comments5 Views3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Labour Party
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Labour Party in Nigeria has called on the workers’ unions to re-negotiate with the government on a new minimum wage rather than embarking on industrial action.

    The National Publicity Secretary of the Labour Party, Obiora Ifoh, made the call in an interview with the News Agency of Nigeria on Monday in Lagos State.

    Ifoh said that the strike was not an option, noting that it would cause more hardship and suffering.

    He stated, “Our immediate reaction is that organised labour should not throw Nigerians into more hardship.

    “Nigerians are already grappling with a lot of challenges and we do not need to exacerbate the situation. I think the demand for N494,000 minimum wage is unrealistic. It is really unrealistic.

    “It is a figure that cannot be sustained because it will imply that Nigeria will take all that money it has to pay the civil servants.”

    Ifoh added that the labour union should continue to engage the Federal Government on a figure that would be acceptable to both parties.

    “Negotiation should continue until they get something better. Asking Nigerian workers to stay at home will affect everything, including the cost of living and Nigerians cannot afford that now.

    “Negotiation is not a one-off thing. If the Federal Government is not willing to go above N60,000 minimum wage, I think that the Organised Labour should work with what is available while it continues to negotiate.

    “We know this government has not gotten it right. It is still trying to test the waters,” he added.

    He said that the party is against actions that could further cause hardship.
    Ifoh was reacting to the declared nationwide strike by the organised labour over its demand for a new minimum wage.

    Recall that despite earlier pleas by the Federal Government for consideration, the organised labour on Monday commenced an indefinite strike to push for a new national minimum wage for workers.

    The industrial action followed a series of unsuccessful negotiations involving the Nigeria Labour Congress, the Trade Union Congress of Nigeria and the government’s representatives.

    On May 28, representatives of labour walked out of the Tripartite Committee meeting on minimum wage after the government increased its offer from N57,000 to N60,000.

    Recall that the government and the Organised Private Sector had initially proposed ₦48,000, then ₦54,000 and N57,000, which were all rejected by labour.

    The organised labour had also proposed ₦615,000 as a new minimum wage, but later came down to ₦497,000 and then to ₦494,000, to reflect the current rising cost of living.

    NAN

    Author

    • TheScrutinyNG
      TheScrutinyNG

      View all posts
    Labour Party
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    TheScrutinyNG
    • Website

    Related Posts

    Featured

    Edo Assembly Speaker, Blessing Agbebaku Resigns, Idiaye Assumes Position

    August 17, 2026
    Featured

    Amnesty International Urges Nigerians To Sign Petition Against Fadahunsi

    August 15, 2026
    Featured

    I Will Make Sure Our Ailing Refineries Work – Tinubu

    August 14, 2026
    Featured

    Osun Election Must Be Transparent, Peaceful, Tinubu Tells INEC

    August 14, 2026
    Featured

    US Launches Inter-Agency Task Force To Tackle Birth Tourism, Revokes 600 Visas

    August 14, 2026
    Featured

    Osun Election: Tension As Accord, APC, ADC Battle For Votes

    August 14, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    NELFUND: Tinubu Approves Recovered EFCC Cash For Student Loans

    August 19, 2026

    No Shortcut to Aso Rock: ADC, NDC Must Be Prepared To Work — Afegbua

    August 19, 2026

    Arsenal Sign Aston Villa’s Ezri Konsa In £51m Deal

    August 19, 2026

    Tinubu To Address World Leaders At UNGA 81

    August 19, 2026
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.