According to him, the adjustment had become important to reflect what was happening globally.
“Under the principles of offer and acceptance, which is that of collective bargaining, ASUU can look at the offer they gave us and make a counter offer, but they have not done that. If they do that, we are bound to look at their offer. These are the ingredients of collective negotiations.”
He, however, advised the executives of affiliate unions of the Nigeria Labour Congress to familiarise themselves with labour laws.
Plans, he added, were being put in place to convert the Michael Imoudu Institute of Labour Studies, Ilorin, Kwara State, into a degree-awarding institute.
He said that in the current economic situation, the current minimum wage of N30,000 would not, in the present economic reality, pay workers’ transportation fares to work for a month.
Also speaking, President of the Trade Union Congress, Festus Osifo, who said that the sole aim of the labour movement in the country was to protect the interest of workers.
If not for the struggle of the founding fathers of the movement in the country, the story would have been different today, he said.