Increased Minimum Wage Will Impact Inflation, Primarily Affects Food Inflation - Baba Yusuf

Описание: For the third time in the span of two weeks, Organised Labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has again rejected the Federal Government’s new offer of ₦57,000 minimum wage.
After the Federal Government and the Organised Private Sector proposed a ₦57,000 monthly minimum wage as against the ₦54,000 they proposed on Tuesday when the committee resumed negotiations, the organised labour rejected it shifting their grounds from their initial ₦615,000 to ₦497,000.
Recall that government had initially proposed ₦48,000 last week, which was also rejected by the Organised Labour.
The negotiating committee is yet to agree on a new minimum wage barely 10 days to the May 31 deadline given by the labour unions to government for conclusion of negotiations.
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