Tinubu Announces Conclusion on Minimum Wage Negotiation, Shares Next Action
- President Bola Tinubu has announced conclusion of negotiations on the new minimum wage with organised labour and the private sector
- The president, in his address on Democracy Day, said an executive bill will soon be sent to the National Assembly to enshrine the new minimum wage into the Nigerian law
- However, Tinubu did not mention what was agreed upon as the new minimum wage with the organised labour
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Aso-Rock, Abuja - President Bola Tinubu has announced plan to send a bill on the new minimum wage to the National Assembly soon, a move that will determine what workers in the country will earn for the next five years.
In a televised address to Nigerians on Wednesday, June 12, monitored by Legit.ng, Tinubu said the new minimum wage to be sent to the national assembly was agreed upon with organised labour.
Source: Twitter
Has Tinubu announced new minimum wage?
However, the president did not announce the new minimum wage. The tripartite committee, comprising the federal government's team, earlier recommended N62,000 but the organised vowed to demand more.
It was not immediately clear if the president was referring to the N62,000 in his address.
In his address to Nigerians on Democracy Day on Wednesday morning, the president opened up on his conclusion on the new minimum wage and the plan to forward the tripartite committee report to the national assembly.
Why Nigeria's economy is having problem, Tinubu
During the speech, Tinubu said the country's economy has been in desperate need of reform for decades because of its flawed foundation, which is the overreliance on revenues from oil exploitation.
His statement reads in part:
"We have negotiated in good faith and with open arms with organized labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less."
Below is the president's full speech:
Tinubu sacks PSC chairman Arase
Legit.ng earlier reported that Tinubu announced Hashimu Argungu's appointment as the new chairman of the police service commission (PSC).
Argungu replaced Solomon Arase, who was appointed as the PSC chairman by former president Muhammadu Buhari in January 2023.
The new appointee retired as a deputy police commissioner in 2016 and is the current chairman of NPF Micro-finance Bank.
Proofreading by James Ojo Adakole, journalist and copy editor at Legit.ng.
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Source: Legit.ng
