Buhari okays panel to negotiate new national minimum wage

A current event!

According to reports, President Muhammadu Buhari has approved the composition of a tripartite committee to negotiate a new national minimum wage for Nigerian workers. The committee is expected to comprise representatives from the government, labor unions, and the private sector.

The decision to establish the committee was made after a meeting between the President and the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on Tuesday, October 22, 2019.

The committee is tasked with negotiating a new minimum wage that will be acceptable to all parties involved. The current national minimum wage in Nigeria is N18,000 (approximately $49) per month, which has been in place since 2011.

The negotiation process is expected to be a complex and challenging one, given the diverse interests and perspectives of the parties involved. However, the establishment of the committee is a significant step towards addressing the long-standing demand for a new minimum wage in Nigeria.

It remains to be seen what the outcome of the negotiations will be, but the development is a positive sign that the government is willing to engage with labor unions and other stakeholders to address the concerns of Nigerian workers.