Minimum Wage Negotiations Hit a Roadblock as Labour Leaders Cry Foul Over "Wage Reduction

The Federal Government and Organised Labour have hit a roadblock in their negotiations over a new minimum wage. The government's latest offer of ₦57,000 was rejected by labour unions, who are holding firm at ₦497,000. The two sides have agreed to meet again next Tuesday to continue negotiations.

Labour leaders expressed frustration with the government's insistence on ₦57,000, which they say is a wage reduction in disguise. "How can you negotiate a wage reduction when no one earns ₦57,000?" one labour representative asked.

The government team, led by the Ministers of Finance, Budget, and Labour, stuck to their offer despite labour's rejection. Labour unions had previously reduced their demand from ₦615,000 to ₦497,000, but the government's offer remains unchanged.

The negotiations have been adjourned until next Tuesday, leaving many wondering if a resolution can be reached. The labour unions are adamant that they will not accept a wage that fails to reflect the current economic realities