PRES. TINUBU, ORGANISED LABOUR LEADERS IN LAST-MINUTE MEETING TALKS OVER MINIMUM WAGE
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Last-minute negotiations for a new minimum wage for Nigerian workers are taking place between President Bola Tinubu and the leadership of organized labor.
At the State House in Abuja are Festus Osifo, the president of the Trade Union Congress (TUC), and Joe Ajaero, the president of the Nigeria Labour Congress (NLC).
The president and labor leaders will be having a series of meetings, the first of which is on Thursday.
The President will meet with the leaders of Labour “to finalize their thoughts, and then he will make his informed decision known to Nigerians by also sending it to the National Assembly,” according to a statement made on Monday by Mohammed Idris, Minister of Information and National Orientation.
He had stated that Atiku Bagudu, the Minister of Budget and National Planning, had been instructed to draft an amendment act to the 2024 Appropriations Act and submit it to the National Assembly.
When the President met with labor leaders last Thursday, he asked for reasonable demands when it came to the minimum wage. “You must cut your coat to fit the available fabric. We need to examine the structure before we can conclude the minimum wage process, as Tinubu stated.
The $62,000 government and private sector proposal and the $250,000 organized labor demand are expected to be decided upon by the President. At the moment, ₦30,000 is the minimum pay.
The conference will take place around one month after the President said on June 12, 2024, during his Democracy Day speech, that the National Assembly will soon be presented with an executive measure establishing a new national minimum wage for workers.
In order to allow for further interaction with stakeholders, the President-chaired Federal Executive Council (FEC) withdrew from its consideration and deliberation of the memo on the new minimum wage on June 25.
Two days later, at the 141st meeting of the National Economic Council (NEC), Tinubu and Vice President Kassim Shettima convened with ministers and governors of the 36 states that make up the Federation to discuss a new minimum wage for workers.
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