Organised labour has stated it is open to negotiation regarding the minimum wage.
The tripartite committee on minimum wage recently concluded its discussions, presenting two proposed figures to President Bola Tinubu for consideration.
The government and the organised private sector have suggested a minimum wage of N62,000, while organised labour is advocating for N250,000.
However, Festus Osifo, President of the Trade Union Congress (TUC), clarified during an appearance on Channels Television on Friday that these figures are not set in stone.
“What we said is that for us when we give figures, there is always a room to meander, there is always a room for us to do some adjustment here and there. So, there is no figure that is sacrosanct, there is no figure that is cast in stone that both parties will be fixated on it.”
Osifo highlighted that inflexibility from the government had previously led to industrial action.
“One of the reasons that we went on industrial action the last time was because when it got to N60,000, they told us that a kobo cannot even join the N60,000, that they cannot even add one naira to it. So that was one of the reasons that led to that industrial action beyond the fact that there were also delays.”
President Tinubu is expected to forward an executive bill to the National Assembly for legislative action on the new minimum wage proposals.
