The organized labor has rejected President Bola Tinubu’s offer of a N25,000 provisional wage increment for low-grade workers to mitigate the impact of the removal of the petrol subsidy.
It is reported that labor is instead demanding a 100 percent wage increment as part of their requests during the ongoing meeting with representatives of the federal government at the presidential villa in Abuja.
President Tinubu had announced the provisional wage increment in his nationwide broadcast to mark Nigeria’s 63rd independence anniversary on Sunday morning.
He stated, “Based on our talks with labor, business, and other stakeholders, we are introducing a provisional wage increment to enhance the federal minimum wage without causing undue inflation. For the next six months, the average low-grade worker shall receive an additional Twenty-Five Thousand naira per month. Commencing this month, the social safety net is being extended through the expansion of cash transfer programs to an additional 15 million vulnerable households.”
However, it appears that the labor representatives find this offer insufficient and are seeking a more substantial increase in wages as part of their negotiations with the government.
