President Bola Ahmed Tinubu says he will approve a new minimum wage that the government can afford and send same to the National Assembly for passage.
President Bola Ahmed Tinubu says he will approve a new minimum wage that the government can afford and send same to the National Assembly for passage.
He stated this on Wednesday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja.
“The minimum wage is going to be what Nigerians can afford, what you can afford and what I can afford. Cut your coat according to your size, if you have size at all,” he said.
OrderPaper recalls that the Labour union and the government failed to reach an agreement on the new minimum wage at the last meeting on Friday, June 7, 2024. While labour dropped its demand from ₦494,000 to ₦250,000, the government added ₦2,000 to its initial ₦60,000 and offered workers ₦62,000.
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Both sides submitted their reports to the President, who is expected to make a decision and send an executive bill to the National Assembly to pass a new minimum wage bill to be signed into law.
Senate spokesperson, Senator Yemi Adaramodu, (APC, Ekiti South) who revealed that the Executive Bill would be presented to the National Assembly after the Sallah festive period, assured Nigerians that it would be given the necessary attention to assuage the feelings of aggrieved workers.
He said: “Yes, if immediately after Sallah, the Bill is brought by Mr. President to the National Assembly, it’s going to be dealt with, with speed of lightning. Yes, we are going to pass it because it is for the benefit of Nigerian workers,” he assured.
