Nigerian News

We’ve agreed on new minimum wage with labour – Tinubu assures Nigerians

President Bola Ahmed Tinubu says the federal government and organized labour have agreed on a new minimum wage for the ‘next five years or less.’

Tinubu made this known in his democracy day broadcast on Wednesday, while assuring that he will soon send an executive bill on the minimum wage to the National Assembly.

He said that in line with democratic ideals, government did not crackdown on Nigerian Labour Congress, NLC and Trade Union Congress, TUC, as a dictatorial ruler would have done.

The president said; “We have negotiated in good fate and open arms with organized labor on a national minimum wage, we will soon send our executive bill to the National Assembly to enshrine what has been agreed upon in the next five years or less”.

Meanwhile, in related news…

CorrectNG recalls that on Monday, President of the Nigeria Labour Congress, (NLC), Joe Ajaero, ruled out the possibility of strike action scheduled for Tuesday.

He had said that organised labour cannot embark on another strike because they were awaiting President Tinubu’s feedback on the figures presented by the Tritiparte committee on minimum wage.

Ajaero said: “The tripartite committee submitted two figures to the President. Government and employers proposed N62,000 while labour proposed N250,000. We are waiting for the decision of the President. Our National Executive Council (NEC) will deliberate on the new figure when it is out.

“We cannot declare strike now because the figures are with the President. We will wait for the President’s decision. During the tenure of the immediate past President, the figure that was proposed to him was N27,000 by the tripartite committee but he increased it to N30,000. We are hopeful that this President will do the right thing. The President had noted that the difference between N62,000 and N250,000 is a wide gulf.”