/Minimum wage: FG, Labour agree on percentage increase
Minimum wage: FG, Labour agree on percentage increase

Minimum wage: FG, Labour agree on percentage increase

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At last, the Federal Government and Organised Labour on Thursday reached an agreement on the percentage increase on the consequential adjustment in workers’ salaries.

The increase is based on the new minimum wage of N30,000.

The new agreement led to workers on Grade Level 07 getting 23.2 per cent; Grade Level 08, 20 per cent; Grade Level 09, 19 per cent; Grade Levels 10 to 14, 16 per cent; and Grade Level 15 to 17, 14 per cent.

The Minister of State for Labour and Employment, Festus Keyamo, announced the final agreement by both parties on Thursday while the meeting was going on.

His tweet reads:  “After some delicate negotiations (with both ministers as conciliators), the government and labour have finally reached an agreement on the consequential adjustment of other wages following the implementation of the enhanced minimum wage of N30,000. We are working on the communiqué.”

His position was later confirmed by the president of the Trade Union Congress, Quadri Olaleye, and the Secretary General, Musa-Lawal Ozigi.

In a statement, the labour union stated:  “We commend the Head of Service of the Federation, Dr Folashade Yemi-Esan, and her team for their sincerity. Though they argued that the government could not afford to meet our earlier demand of N30,000 minimum wage across board because of the economic situation in the country, we made them understand that some people could not be more Nigerian than others. If we are tightening our belts, government should also do so.”