The labour unions comprising the Nigeria Labour Congress and Trade Union Congress have walked out of the ongoing minimum wage negotiations with the government and the Organised Private Sector.
Angered by the N48,000 proposal by the Federal Government as the national minimum wage, the labour unions described the offer as ridiculous.
The NLC President, Joe Ajaero, explained that the government is not serious about negotiating with the Labour on the new minimum wage.
He explained that the FG does not have the necessary data to negotiate with Labour.
Ajaero maintained that Government have till the end of the month to arrive at a decision, adding that Labour will take a decision at the expiration of the ultimatum.
The Trade Union Congress was represented at the meeting by the Deputy President, Mr. Tommy Okon.
The NLC and TUC had proposed that the Federal government should pay Nigerian workers N615,000 minimum wage, citing high cost of living as the yardstick for the proposal.
On April 14, the organised Labour demanded N615,000 as the new minimum wage for workers to cope with the many economic realities and high cost of living in Nigeria.
The new wage of N615,000 monthly was reached after consultations between the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), according to the NLC President, Joe Ajaero.
The labour unions said the current minimum wage of N30,000 can no longer cater for the wellbeing of an average Nigerian worker, lamenting that not all governors are paying the current wage award which will expire by April, five years after the Minimum Wage Act of 2019 was signed by former President Muhammadu Buhari.
The Act is to be reviewed every five years to meet up with contemporary economic demands of workers.
NLC and the TUC have at various times called on the administration of President Bola Tinubu to hasten the upward review of wage awards.