President Bola Tinubu, on Tuesday, held a crucial meeting with the Tripartite Committee on the New National Minimum Wage at the Presidential Villa, Abuja.
This meeting comes in the wake of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) agreeing to suspend their nationwide strike for one week.
The organized labor had initiated the strike in response to the federal government's failure to meet their demand for a new minimum wage of N494,000, rejecting the government's offer of N60,000.
The unions cited the rising cost of living and economic pressures as key factors driving their demand.
Present at the meeting were key government officials including the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Minister of Budget and National Planning, Atiku Bagudu, and the Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Melee Kyari.
The Chief of Staff to the President, Femi Gbajabiamila, also attended.
The discussions aimed at finding a viable solution to the wage dispute and addressing the broader economic concerns affecting Nigerian workers.
The government expressed its commitment to reaching an amicable resolution to avert further industrial actions and ensure economic stability.
The outcome of this meeting is pivotal as both sides strive to balance the workers' demands with the economic realities facing the nation. Further negotiations are expected to continue in the coming days.
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