President Bola Ahmed Tinubu has announced plans to present a new minimum wage bill to the National Assembly shortly.
Tinubu made this announcement during his Democracy Day address on Wednesday.
He emphasized that his administration has not resorted to suppressing Organized Labour, unlike dictatorial regimes.
“We have engaged in good faith negotiations with Organized Labour regarding the national minimum wage. We will soon forward our executive bill to the National Assembly to formalize the agreement for the next five years or less,” he stated.
It should be noted that the National Minimum Wage Committee submitted its report to the President on Monday.
In the report, the Federal Government proposed a minimum wage of N62,000, while Organized Labour suggested N250,000.
Additionally, state governors and the Organized Private Sector proposed minimum wages of N57,000 and N62,000, respectively.
