Tinubu Reportedly Considers Raising Minimum Wage to N200k, Details Emerge

Tinubu Reportedly Considers Raising Minimum Wage to N200k, Details Emerge

  • There are reports that the Federal Government of Nigeria might increase the minimum wage to N200,000
  • The proposed minimum wage was reportedly discussed during June's National Economic Council (NEC) meeting
  • President Bola Ahmed Tinubu is said to be convinced that the federal government can handle the proposed minimum wage

FCT, Abuja - President Bola Ahmed Tinubu’s led federal government is reportedly considering raising the minimum wage from N30,000 to N200,000.

This is coming after organised labour in the country demanded a review of the minimum to N200,000.

Tinubu's minimum wage/ minimum wage/ N200,000 minimum wage/ New minimum wage/Tinubu considers new minimum wage
Report says President Tinubu might increase the minimum wage to N200k. Photo Credit: Asiwaju Bola Ahmed Tinubu
Source: Facebook

As reported by Leadership, Anambra State Governor Charles Soludo has been asked to chair a Technical Working Group (TWG) after state governors called for caution at the last month’s National Economic Council (NEC) meeting.

It was gathered that the Salaries, Incomes & Wages Commission made a presentation on how the federal government can pay N200,000 per month as minimum wage.

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According to Leadership, sources disclosed that President Tinubu is convinced that the N200,000 minimum wage is achievable based on his campaign promises.

Tinubu had said during Workers Day on May 1 that:

“In Nigeria, I shall have the honour and privilege to lead from May 29, workers will have more than a minimum wage. You will have a living wage to have a decent life and provide for your families.”

The Salaries & Wages Commission, during the NEC meeting in June, was said to have revealed how the federal government can pay the proposed minimum wage.

However, the state governors who comprise the NEC membership raised questions about the proposal.

Soludo argued that it would be necessary for NEC first to understand where the money would come from, how much would come and what states would get.

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How fund for proposed minimum wage would be raised

It was gathered that funds will be raised due to the new foreign exchange policy as more money will be available for sharing by the federal and state governments under the FAAC monthly distribution.

Savings from the fuel subsidy was also considered as part of the planning.

A sub-committee led by Kebbi State Governor Nasir Idris was also formed to review the situation.

Idris would work with six other governors of Anambra, Benue, Kaduna, Bauchi, Cross River and Oyo states, each representing the six geopolitical zones.

The sub-committee has formed a Technical Working Group, TWG, with Governor Soludo as chairman to interrogate the issues around raising the minimum wage.

The TWG is to clarify that both the federal and state governments, not just the federal government, would be responsible for paying the new minimum wage.

The Soludo-led TWG has resolved that negotiations with labour must be two-tracked between the federal government on the one hand and the state governments in another hand.

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The NEC is said to meet later this month to receive the subcommittee's report and take a final decision on the national minimum wage, which would then be forwarded to the president as an advisory.

It was further gathered that what is most likely is that, at the very least, federal government workers would be receiving the enormous minimum wage increase, while the Soludo TWG would determine the fate of the state’s workers.

Subsidy Removal: President Tinubu’s palliative committee gives fresh update

Meanwhile, Legit.ng reported that the Palliative Committee on Subsidy Removal, set up by President Bola Ahmed Tinubu, met on Saturday, July 15, in Abuja.

Governors Bala Mohammed of Bauchi, Charles Soludo of Anambra, Uba Sani of Kaduna and Hyacindu Alia of Benue, and representatives of the Organised Labour and Civil Society Organisations attended the meeting.

Peter Obi reveals what Nigerians should do about President Tinubu’s N8,000 palliative

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Legit.ng reported that the Labour Party presidential candidate, Peter Obi, said the N8,000 President Bola Tinubu’s administration plans to give as palliative to 12 million households is not enough to cushion the effect of the fuel subsidy removal.

Obi said almost every family in the country feels the pain of the fuel subsidy removal, and nearly every parent needs the N8000 because of Nigeria's poverty level.

President Bola Tinubu announces 12m households will get N8,000 for 6 months, Nigerians react

Legit.ng reported that President Bola Ahmed Tinubu said 12 million families would get N8,000 over six months to lessen the hardships Nigerians face due to subsidy removal.

In a letter to the House of Representatives read by Speaker Tajudeen Abbas during plenary on Thursday, July 13, Tinubu said it was support to enable poor and vulnerable Nigerians to cope with the cost of meeting basic needs.

Source: Legit.ng

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