The Trade Union Congress (TUC) has expressed deep concerns over Nigeria’s soaring inflation rate, which has been exacerbated by the recent increase in Premium Motor Spirit (PMS) prices ¹. Tommy Etim, TUC’s National Vice President, revealed in a phone interview that the N70,000 minimum wage, approved by President Bola Tinubu’s administration prior to the fuel price hike, is no longer sufficient to support federal civil servants.
The Labour movement had earlier accused President Tinubu of reneging on his promises following the announcement of the fuel price increase by the Nigeria National Petroleum Corporation Limited ¹. This development came after prolonged negotiations between the government, the Organised Private Sector, and Labour Centres, resulting in a minimum wage increase from N30,000 to N70,000.
Key Developments:
- Minimum Wage Agreement: The negotiations, which spanned several weeks, culminated in an agreement on July 18 ¹.
- Legislative Approval: President Bola Tinubu signed the bill into law on July 29, following its passage by the National Assembly ¹.
- Consequential Adjustment Committee: A committee, chaired by Mrs Esther Walson-Jack, Head of the Civil Service of the Federation, submitted its report in September, providing guidelines for labour employers [1).
The TUC’s concerns highlight the ongoing struggles of Nigerian workers amidst the country’s economic challenges.
