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Federal Government Proposes N62,000 as New Minimum Wage, Tripartite Committee Adjourns Without Consensus

The Federal Government has made a significant stride in the ongoing negotiations for a new national minimum wage by offering N62,000. This announcement comes after organized labour reduced its initial demand from N494,000 to N250,000. Despite these adjustments, the Tripartite Committee on New National Minimum Wage adjourned without reaching a consensus during their recent meeting.

It's worth noting that the organized private sector has voiced its support for the government's proposal of N62,000. This development marks a crucial point in the negotiations, emphasizing the need for further deliberation to address the varying perspectives and interests involved.

Stay tuned for more updates as the discussions on the new minimum wage continue to unfold.

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