The organized Labour, consisting of the Nigeria Labor Congress (NLC), and the Trade Union Congress (TUC), has released a breakdown of the details of its proposed N615,000 minimum wage and how it arrived at the figure.
The details were contained in a statement released by the NLC which was made available to Africa Today News, New York on Saturday.
Food and transportation accounted for the majority of the proposed minimum wage, according to the statement.
The breakdown showed that N270,000 (for thirty days) was benchmarked for Food and N110,000 for Transportation.
Others are Electricity/Power (N20,000), Accommodation (N40,000), Utility Water (N10,000), Kerosene/Gas (N35,000), Clothing (N20,000), Education (N50,000), Sanitation (N10,000) and Medicals (50,000) resulting to a total sum of N615,000.
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Africa Today News, New York recalls that Festus Osifo, President of TUC and Joe Ajaero, the President of NLC, in separate statements, had revealed the N615,000 minimum wage proposal.
Meanwhile, in his May Day message to workers, President Bola Tinubu said an upward review of the minimum wage is imminent.
The development comes as Nigerian workers grapple with high cost of living resulting from rising inflation, which stood at 33.20 per cent in March 2024.
Meanwhile, despite assurances from the Federal Government that the new minimum wage will take effect from May 1, 2024, the Nigeria Governors’ Forum (NGF), has asserted that it is currently reviewing its individual fiscal space as state governments and the consequential impact of various recommendations, to arrive at an improved minimum wage they can pay sustainably.
Africa Today News, New York reports that organized labor is asking for N615,000 as minimum wage up from N30,000 for workers.
The observations of the governors were contained in a communique issued after the end of the meeting of the NGF held on Wednesday, May 1, 2024, which was made available to newsmen in Abuja.
NGF reiterated that the 37-member tripartite committee inaugurated on the National Minimum Wage is still in consultation and yet to conclude its work.