The current minimum wage was approved in October 2024 and implemented in November 2024. However, labour leaders argue that this amount no longer shields workers from rising living costs. They emphasize that the demand for a higher minimum wage is driven by economic pressures on workers.

Peter Obi has stated that the current minimum wage can no longer guarantee a modest standard of living in Nigeria. He said, “When workers suffer, the nation suffers. When workers are empowered, the nation prospers.” This statement reflects ongoing concerns about worker welfare amid economic hardship.

Obi also noted that “No nation can truly develop beyond the strength, productivity, and wellbeing of its workforce.” His remarks underscore the importance of addressing worker needs for national prosperity.

However, the proposed wage increase could impact small businesses by raising operating costs. The last wage increase was welcomed but its effect has been eroded by inflation. Given this context, the minimum wage debate continues to be a critical issue for both workers and employers in Nigeria.

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Seplat Energy workers began an indefinite strike on April 4, 2026, due to a breakdown in negotiations over a collective bargaining agreement and staff welfare issues. The strike raised concerns about potential disruptions to oil and gas output in Nigeria, where Seplat Energy plays a significant role.

Only workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) participated in the strike, while other less skilled workers covered by a second union did not join the action. Seplat Energy reported an average production of 131,506 barrels of oil equivalent per day in 2025, accounting for approximately 7%–9% of Nigeria’s total liquid output.

Seplat is targeting production of up to 155,000 barrels of oil equivalent per day in 2026, making the resolution of labor disputes crucial for maintaining output levels. The strike was called off just hours after it began, following Seplat’s acceptance of the collective bargaining agreement terms.

PENGASSAN directed its members to immediately suspend the industrial action after negotiations resumed with the Nigerian National Petroleum Company Limited (NNPC). Festus Osifo, a representative of PENGASSAN, stated, “The strike has been called off,” and emphasized that stakeholders intervened, leading Seplat management to agree to the requested terms.

This strike marks the second instance of industrial action involving PENGASSAN workers in eight months. The previous strike occurred against Dangote refinery, where over 800 workers were dismissed. Seplat’s revenue increased by 150.4% to N4 trillion in 2025, driven by expanded output and its first full year of offshore operations.

As negotiations continue on outstanding items, the situation remains fluid, and further developments are expected. Details remain unconfirmed.

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