TUC calls on Tinubu to increase minimum wage to N200,000

TUC calls on Tinubu to increase minimum wage to N200,000

The Trade Union Congress (TUC) has appealed to President Bola Tinubu to raise the minimum wage of workers in Nigeria to mitigate the impact of subsidy removal.

They emphasized the need for this action to be taken before the end of June, in conjunction with the implementation of the Petroleum Industry Act.

The TUC also stressed the importance of making a consequential adjustment on the Cost of Living Allowance (COLA).

These demands were put forth during ongoing negotiations with the government.

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Among their requests, the TUC called for the preservation of the previous pump price of Premium Motor Spirit (PMS) during discussions, the inclusion of a representative of state governors in the negotiations, and a commitment from all governors to implement the new minimum wage.

They also proposed tax holidays for employees earning less than N200,000 or 500USD per month, the introduction of a PMS allowance for those earning between N200,000 to N500,000 or 500USD to 1,200USD, and a limited fluctuation in the exchange rate for retailing PMS.

TUC also advocated for the establishment of an intervention fund, the provision of mass transit vehicles, subsidized transportation systems by state governments, an expanded National Health Insurance Scheme, and the review of the National Housing Fund to benefit genuine workers.

They also called for the deployment of Compressed Natural Gas (CNG), reduction of the cost of governance, maintenance and expansion of road and rail networks, and the formulation of a social housing policy for workers.