TUC speaks on Nigerian government's plan to announce new minimum wage on May 1

“It’s now N615,000. Concerning when the brand new minimal wage, the committee continues to be working. So, actually, Might 1 won’t work for the pronouncement of the brand new minimal wage besides if the federal authorities desires to pay the minimal wage of N500,000 to employees.”

He, nevertheless, stated the N615,000 demanded by the organised labour was not sacrosanct.

“The federal government additionally has its markup, so conversations and negotiations will begin and finish someplace,” the TUC chief stated.

Mr Osifo additionally famous {that a} correct examine was performed earlier than organised labour arrived at that quantity.

“When you have a look at the N615,000, you’ll suppose that the quantity is correct, however at concerning the time we did that computation, a greenback was about N1,700. I’m hopeful that the committee will meet after Might 1,” he stated.

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