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New minimum wage: FG, Labour finally reach agreement

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On Thursday, organized workers and the Federal Government finally reached an agreement on the percentage increase of the consequent adjustment in workers’ wages, as a result of the new minimum wage of N30,000.

Latest Nageria newspaper report that The Minister of State for Labor and Employment, Festus Keyamo, revealed this on this Twitter page.

“After some delicate negotiations (with both ministers as conciliators), the government and the workers finally reached an agreement on the consequent adjustment of other salaries after the implementation of the improved minimum wage of N30,000. We are working on the statement,” he tweeted.

The president of the Congress of Trade Unions, Quadri Olaleye, and the secretary-general, Musa-Lawal Ozigi, confirmed the peace pact in a statement.

Latest Nageria newspaper report that He said: “We congratulate the Head of Service of the Federation, Dr. Folashade Yemi-Esan, and her team for their sincerity.

“However, they argued that the government could not afford to meet our previous demand for N30,000 minimum wage in general due to the economic situation in the country, we made them understand that some people could not be more Nigerian than others.”.

“If we are tightening our belts, the government should do it too.”