President of the Nigeria Labour Congress, NLC, Joe Ajaero, has revealed the reasons the organized labour accepted the N70,000 minimum wage during the national minimum wage talks at the President Villa, Abuja.
Ajaero, while fielding questions during the Morning Show programme on Arise television on Friday, explained that during the meeting on the new Minimum wage with President Bola Tinubu at the Presidential Villa, the organised labour turned down the offer of an increase in the price of petroleum to accept N70,000 as the new minimum wage.
He equally revealed that after the organized labour had agreed with the president on the Compressed Natural Gas, CNG, alternative, the labour went ahead to negotiate with a team of experts who agreed to convert vehicles to CNG at the rate of N300,000.
The NLC boss added that in a meeting with the government team, the officials rejected the NLC deal and instead announced that conversion of vehicles to CNG would cost N800,000