Business A.M
No Result
View All Result
Tuesday, February 24, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Minimum wage: FG, labour adjourn meeting again

by admin
July 29, 2025
in Frontpage

Organised labour and the federal government again failed to conclude negotiation over consequential adjustment in workers’ salaries as a result of the new minimum wage of N30,000 despite meeting for about nine hours as labour said that there was no declaration of strike yet.

The meeting began after 5:00 p.m. on Wednesday and ended at 2:00 a.m. on Thursday.

At the end of the meeting, Chris Ngige, the minister of labour and employment, who presided over the meeting, told journalists that specific jobs had been given to some committees that must be submitted before the negotiation could be deemed completed.

He said the meeting would reconvene 7:00 p.m. on Thursday.

Ngige said, “We have agreed on areas hitherto we could not agree on. We are adjourning the meeting. We are giving assignment to people on both sides and they are going to do the work and get back to us.

“The work involved is enormous. We are giving them the entire day to get back to us; issues of money and wage adjustment with different wage structures. We have 12 different wage structures presently in Nigeria.

“We don’t want to make mistake that would be fatal thereby put the whole exercise in jeopardy. We have consensually agreed that we will reconvene this meeting at 7:00 p.m. today. This will enable those that we give assignment to complete them and get back to us. We are okay with the meeting moving on smoothly. It is very cordial. We disagreed on various issues but we have agreed.”

Ayuba Wabba, president of the Nigeria Labour Congress, who was also part of the meeting, said that Nigerians would be given details of the negotiation and concessions made after the rescheduled meeting. He also described as speculation the report that both parties had settled for certain percentage increase in consequential adjustment.

He said, “It was a collective bargaining process that has lasted this long. Some progress has been made but we have not been able to conclude and have collective bargaining agreement. Some committees need to do some computation. We have worked up to early hours of today. That is in the true spirit of collective bargaining. That is what we have to do to get the process concluded and conclude the process.”

Asked if the strike would begin since the ultimatum issued to the Federal Government elapsed at the close of work on Wednesday, Wabba said since negotiation was still on, it was not in labour practice to disrupt it with such action.

He added, “In collective bargaining, if a meeting is adjourned, you should know that that is not our practice (declaring strike). Our practice is that until we are able to conclude the issues, we will be able to inform them (Nigerians) appropriately, but not midway when we are making progress. We cannot abruptly disrupt the process. At the appropriate time we should be able to give details.”

Wabba said the major issues remaining in the negotiation were percentage increase and implementation by government.

“We cannot speak on the percentage until we finish the negotiation. The matters under consideration are implementation and consequential adjustment. That is mere speculation. We should work on the basis of information that is credible.”

Wednesday’s meeting was indeed an enlarged one on the side of labour, with the president of the Nigeria Labour Congress, Ayuba Wabba, president of the Trade Union Congress, Quadri Olaleye, former TUC president, Bobboi Kaigama, and heads of affiliate workers unions present.

admin
admin
Previous Post

Bears shave off N20bn from equity investment

Next Post

IMF cautions Nigeria, others against mounting debt to China

Next Post

IMF cautions Nigeria, others against mounting debt to China

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

February 23, 2026
Moniepoint Inc. leverages payments data to formalise Nigeria’s night economy

Moniepoint Inc. leverages payments data to formalise Nigeria’s night economy

February 23, 2026
Global fashion market to see low growth in 2026, says McKinsey

Global fashion market to see low growth in 2026, says McKinsey

February 23, 2026
Public pressure mounts for rate cuts ahead of CBN policy decision

All wait for defining policy signal as CBN’s MPC begins meeting  

February 23, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

Haldane McCall eyes regional growth, balances shareholder returns with diversified portfolio

February 23, 2026
Moniepoint Inc. leverages payments data to formalise Nigeria’s night economy

Moniepoint Inc. leverages payments data to formalise Nigeria’s night economy

February 23, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M