The Trade Union Congress (TUC) has called on President Bola Tinubu to increase the minimum wage of workers in the country to cushion the effects of the fuel subsidy removal.
It said that should be done before the end of June to implement Petroleum Industry Act, adding that the consequential adjustment on Cost of Living Allowance (COLA) should be considered.
President and General Secretary of TUC, Festus Osifo and Nuhu Toro respectively, in a statement jointly signed said these were parts of their demands during their ongoing negotiation with the government.
Osifo said they also demanded that the “status quo ante of PMS pump price” should be maintained while discussion continues, adding that a representative of state governors must be a party to the communique, and that all the governors must commit to implementing the new minimum wage.
The labour leader added, “Tax holiday for employees both in government and private sector that earn less than N200,000 or 500USD monthly whichever is higher.
PMS allowance to be introduced for those earning between N200,000 to N500,000 or 500USD to 1,200USD whichever is higher.
The exchange rate for retailing PMS in the country must be kept within a limit of +- 2% for the next ten (10) years where the fluctuation is more than 2%, the minimum wage will automatically increase at the same rate.
Setting up of intervention fund where the government will be paying N10 per litre on all locally consumed PMS. The primary purpose of this fund is to solve perennial and protracted national issues in education, health and housing.
A governance structure that will include labour, civil society and government will be put in place to manage the implementation. The federal government should provide mass transit vehicles for all categories of the populace.
State Governments should immediately set up a subsidized transportation system to reduce the pressure on workers and students. The framework around this will be worked out,” he said.
