Breaking News: FG, Stakeholders Yet To Agree On New Minimum Wage – Ngige

Government Yet To Disclose New Minimum Wage

The Minister of Labour and Employment, Dr. Chris Ngige, on Wednesday, declared that contrary to several reports in the media, the federal government and the organised labour have not reached an agreement on the new national minimum wage.

According to the minister, who spoke while addressing newsmen at the end of the Federal Executive Council meeting on Wednesday, negotiations and consultations were still on-going between the government, labour and other relevant stakeholders.

Ngige further explained that while the organised labour agreed on N30,000, the organised private sector came down to N25,000, the Federal Government proposed N24,000 while state governors are holding out for N20,000.

The minister also debunked rumours that all stakeholders have agreed to increase the minimum wage to N30,000.

He stated that in accordance with Convention 131 of the International Labour Organisation, the most important thing to consider in fixing the new minimum wage is the ability to pay.