Federal Government and Nigeria Labour Congress on Thursday finally reached an agreement on the percentage increase on the consequential adjustment in workers’ salaries, as a result of the new minimum wage of N30,000.
The Minister of State for Labour and Employment, Festus Keyamo, disclosed this on his official Twitter page.
At about 3am this morning, we signed this Terms of Settlement b/w Govt & Labour which reveals different percentages of adjustments in other wages after the minimum wage adjustment. Those of the law-enforcement agencies have also been done, but are not captured in this Memorandum. pic.twitter.com/OrkNIZ201x
— Festus Keyamo, SAN (@fkeyamo) October 18, 2019
After some delicate negotiations (with both Ministers as conciliators) Government & Labour have finally reached an agreement on the consequential adjustments of other wages following the implementation of the enhanced minimum wage of N30,000. We are now working on the communique pic.twitter.com/P0EjSdUFIj
— Festus Keyamo, SAN (@fkeyamo) October 17, 2019
Although, the president of Nigeria Labour Congress (NLC), Ayuba Wabba, faulted some media reports claiming an agreement had been reached by both parties. Wabba said reports claiming the federal government and Labour have agreed on 20% and 13.5% consequential adjustments for workers on Grade Levels 7-14 and 15-17 respectively are mere speculation.
Admitting that both parties have made some concessions, the labour leader said discussion on a definite agreement on the salary consequential adjustments were still ongoing. He said the organised labour would share the news when agreements were finally reached on the consequential adjustments. “That is mere speculation, we should work on the basis of information that is credible and we will be able to give you that information at the appropriate time,” he said.