In a significant development, the Organized Labour has suspended its nationwide strike for a period of five days to facilitate uninterrupted meetings with the tripartite committee on the new national minimum wage.
This decision comes after a successful meeting between labour leaders and government officials, including the Secretary to the Government of the Federation, George Akume.
According to reports, the meeting resulted in a resolution that President Bola Ahmed Tinubu is committed to a new minimum wage that will be higher than the previous N60,000 figure. Furthermore, the Tripartite Committee, comprising representatives from the government, employers, and workers, has been tasked with meeting daily for the next week to arrive at an agreeable National Minimum Wage.
As a result of this development, the nationwide strike has been suspended, and all government and private offices are expected to reopen and function as usual.
This move signals a concerted effort by the government and labour unions to find a mutually acceptable solution to the minimum wage issue, which has been a long-standing point of contention.
The negotiations are being closely watched by the public, as a resolution to the minimum wage dispute could have far-reaching implications on the country’s economic and social landscape.
The suspension of the strike and the commitment to daily meetings by the Tripartite Committee suggest a willingness on both sides to engage in constructive dialogue and find a compromise that addresses the concerns of all stakeholders.