NAVIGATING THE TENSION BETWEEN LABOUR STANDARDS AND ECONOMIC REALITIES: A LEGAL PERSPECTIVE ON THE NIGERIAN LABOUR CONGRESS NEW MINIMUM WAGE

Abstract

This paper examines the legal dimensions of the tension between labour standards and
economic realities in Nigeria, occasioned by the Nigerian Labour Congress demand of a new
minimum wage. Through a critical analysis of the country's legal framework, international
labour conventions and judicial decisions, this paper investigates the balance between
protecting workers' rights and promoting economic growth. The doctrinal methodology was
employed in this work. The research reveals a nuanced interplay between labour rights and
economic realities, with the new minimum wage posing challenges for employers, employees,
and the broader economy. The paper argues that a sustainable approach to labour standards and
economic realities requires a multifaceted approach, involving stakeholders' engagement,
flexible regulatory mechanisms and a commitment to social dialogue. This study contributes to
the ongoing debate on labour standards and economic development in Nigeria, offering insights
for policymakers, labour organizations and employers seeking to navigate the complex
landscape of labour rights and economic realities.