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Business News of Wednesday, 5 June 2024

Source: www.mynigeria.com

You'd better not settle for less than 100K - Nigerians warn Organised Labour after strike was called off

Joe Ajaero is the President of the Nigeria Labour Congress Joe Ajaero is the President of the Nigeria Labour Congress

A section of Nigerians on social media disapproved of the decision by Organized Labour to suspend its nationwide strike for five days to allow for uninterrupted meetings with the tripartite committee on the new national minimum wage.

After a successful first day, the move was announced after a meeting at the Joint National Executive Council meeting of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on Tuesday, June 4.

Organized Labour said its decision to call off the strike was to ensure there is a "greater need to create the right ambiance for negotiations to go unhindered" while they registered their grievances over the hike in electricity tariff.

The development ground activities in critical sectors of the economy with schools, businesses, hospitals, and airports shut. The national grid was also shut down, throwing the nation into darkness.

Labour’s actions followed the expiration of the May 31 deadline for an agreement on a new minimum wage. They have been locked in negotiations with the Federal Government.

While discussions continue in traditional media, social media users have been sharing a variety of opinions on the matter.