Tinubu Sends Invitation to Labour Over New Minimum Wage, Details Emerge

Tinubu Sends Invitation to Labour Over New Minimum Wage, Details Emerge

  • President Bola Tinubu has extended an invitation to the labour leaders to come to the negotiation table to discuss the new minimum wage
  • The labour leaders will be hosted at the presidential villa in Aso Rock, and President Tinubu is expected to make a decision on the proposed minimum wage for workers
  • This came after Tinubu's democracy day speech, where he announced that an executive bill on the new minimum wage would soon be forwarded to the national assembly

Aso-Villa, Abuja - President Bola Tinubu will meet with the organised labour on Thursday, July 11, in Abuja to discuss a new minimum wage for Nigerian workers.

The meeting will be held at the Aso Villa, and the president is expected to make a decision on the proposed minimum wage.

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President Bola Tinubu has invited the organised labour to discuss the way forward on the new minimum wage before sending the bill to the national assembly.
Tinubu to meet Labour on Thursday over minimum wage Photo Credit: @officialABAT, @NLCHeadquarters
Source: Twitter

What is the proposed minimum wage?

The government and private sector have proposed a minimum wage of ₦62,000, while organised labour demanded a minimum wage of ₦250,000.

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According to The Punch, this meeting comes after President Tinubu's Democracy Day speech on June 12, 2024, wherein he announced that an executive bill on the new national minimum wage would soon be sent to the National Assembly for passage.

On June 25, the Federal Executive Council (FEC) delayed deliberations on the new minimum wage memo to allow for further stakeholder engagement.

The Minimum Wage Act of 2019, which set the minimum wage at ₦30,000, expired in April 2024.

Minimum wage: Tinubu constitutes tripartite committee

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Minimum wage: Organised labour shares update on N250k demand, speaks on next action

In January 2024, President Tinubu established a tripartite committee comprising labour, government, and organised private sector representatives to negotiate a new minimum wage.

However, the committee failed to reach an agreement, leading to an indefinite strike by labour on June 3, 2024, which crippled various sectors, including airports, hospitals, and banks.

Labour demanded a more realistic minimum wage, citing the current wage's inability to meet workers' needs amidst inflation pressures and the effects of petrol subsidy removal and forex unification.

Following the president's assurance of a wage above ₦60,000, labour suspended the strike on June 4, 2024, and resumed talks with the government and private sector representatives.

Minimum Wage: What governors can pay

Legit.ng earlier reported that the minimum wage drama between the governors and organised labour concerning the N60,000 proposed by the federal government has continued to elicit reactions.

Weighing into the issue, Okanlawon Gaffar, a lawyer, told Legit.ng that a uniform minimum wage is unhealthy for state governments.

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BREAKING: Labour speaks on new minimum wage as Tinubu consults

The legal practitioner said each state should be able to determine its minimum wage based on its capacity and internal revenue.

Proofreading by James Ojo Adakole, journalist and copy editor at Legit.ng.

Source: Legit.ng

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Bada Yusuf (Politics and Current Affairs Editor) Yusuf Amoo Bada is an accomplished politics and current affairs editor, boasting over 7 years of experience in journalism and writing. He is a graduate of OAU, and holds Diploma in Mass Comm. and BA in Literature in English. He has obtained certificates in Leadership and received the "Certificate for Breakthrough of the Year 2022" in recognition of his great performance during his first year at Legit.ng. Worked as Editor with OperaNews. Contact: bada.yusuf.amoo@corp.legit.ng or call 08161717844