The Federal Government may incur additional 315 billion in wage bill in the next six months for the newly introduced allowance for federal workers.
This came as Organised Labour agreed to suspend its proposed nationwide strike for 30 days, following the signing of a Memorandum of Understanding with the Federal Government after a marathon meeting that ended around 11pm yesterday.
The resolution followed over five hours of deliberations between the Federal Government and Labour at the Chief of Staff Conference Room of the Presidential Villa, Abuja.
Announcing the outcome of the meeting to State House correspondents, the Minister of Labour and Employment, Simon Lalong, said “The NLC and TUC accept to suspend for 30 days the planned Indefinite Nationwide strike scheduled to begin, today, the 3rd of October, 2023.”
Lalong said the memorandum shall be filed with the relevant court of competent jurisdiction within one week as consent judgment by the Federal Government.
However, the NLC President, Joe Ajaero, said the unions would revisit the agreement if the FG failed to fulfil their demands.
According to the agreement, the Federal Government grants a wage award of 35,000 naira only to all Federal Government workers “beginning from the month of September pending when a new national minimum wage is expected to have been signed into law.”
The agreement further read in part, “A minimum wage committee shall be inaugurated within one month from the date of this agreement.
“Federal Government accepts to vote 100 billion Naira for the provision of high capacity CNG buses for mass transit in Nigeria. Provisions are also being made for initial 55,000 CNG conversion kits to kick start an auto gas conversion programme, whilst work is ongoing on state-of-the-art CNG stations nationwide. The rollout aims to commence by November with pilots across 10 campuses nationwide.