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BREAKING: President Tinubu To Consult Further On New National Minimum wage

..Minimum wage decision deferred as FEC seeks wide consultation

W.N YEMI by W.N YEMI
June 25, 2024
in BREAKING, National
Reading Time: 2 mins read
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Budget Proposal for 2025
  • Recall that talks for a new minimum wage for Nigerian workers have been on for a while. 
  • The Minimum Wage Act of 2019, which made ₦30,000 the minimum wage, expired in April 2024.

President Bola Ahmed Tinubu has requested more time to consult extensively on the new minimum wage for public sector workers.

The President made this known during the Federal Executive Council meeting on Tuesday.

The decision was tabled for discussion during the meeting.

According to the Minister of Information and National Orientation, Mohammed Idris, the President needs more time to consult widely.

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Idris disclosed this information to State House Correspondents on Tuesday.

The President’s request for more time is aimed at determining an appropriate amount for the new minimum wage.

The consultation process will involve various stakeholders and interests.

He said the memo was stepped down because the Federal Government thought it wise to consult with other stakeholders, especially as the new wage proposals affects the local government areas, states and the Federal Government.

The minister said, “A lot of people have been asking me questions pertaining to whether the New Minimum Wage would come up for deliberations today at FEC, especially whether government was going to have a position on the new wage.

“Recall that there was a report from the tripartite committee, comprising the Nigeria Labour Congress and Trade Union Congress, the Organised Private Sector and the government representatives, these three make up the tripartite committee that discussed on the new minimum wage. They have forwarded a report to the President which he has gone through.

“But consistent with the way it should be done, I want to inform Nigerians that FEC deliberated on that because the new national minimum wage is not just the decision of the Federal government.

“That memo was stepped down to enable Mr President consult further so that he can have an informed position on what to do. This decision was taken because it affects the States, LG and the Federal Government.”

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