The Organised Labour has said it will reject any paltry increase to the ₦60,000 offer by the tripartite committee on the new minimum wage.

The labour unions have insisted on a more realistic and economically viable figure.

Festus Osifo, President of the Trade Union Congress (TUC), made the decision known while speaking on Channels Television’s Politics Today programme on Tuesday.

The development comes hours after the Organised Labour suspended its industrial action, which began on Monday.

Osifo revealed that while the tripartite committee initially refused to budge from their ₦60,000 offer, President Bola Ahmed Tinubu intervened and committed to a higher figure during Monday’s meeting.

When asked if Labour would accept a minimal addition to the tripartite committee’s offer, Osifo said, “No, we told them it’s not about adding ₦1, ₦2, or ₦3,000 as they were doing. We need a serious and realistic offer that reflects the current economic realities.”

While the Organised Labour is not fixated on its initial demand of ₦494,000, Osifo said the tripartite committee must demonstrate seriousness and offer workers a wage that aligns with the current inflationary pressures.

More to follow…