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Minimum Wage: Tinubu To Meet Labour Leaders To Resolve Impasse



Minimum Wage: Tinubu To Meet Labour Leaders To Resolve Impasse

President Bola Tinubu is scheduled to meet with Organised Labour on Thursday to discuss a new minimum wage for Nigerian workers.

According to a top Labour source, the President has invited the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to the meeting, which is expected to be held at the Presidential Villa.

The source, who spoke to Channels Television, confirmed that the meeting is aimed at negotiating a new minimum wage for the country’s workforce.

President Tinubu is expected to decide on the ₦62,000 proposal of the government and private sector and as well weigh the ₦250,000 demand from Organised Labour.

The Thursday meeting is coming about a month after the President said, in his Democracy Day speech on June 12, 2024, that an Executive Bill on the new national minimum wage for workers would soon be sent to the National Assembly for passage.

On June 25, the Federal Executive Council (FEC) chaired by the President halted consideration and deliberation on the memo on the new minimum wage to allow for more engagement with stakeholders.

Two days after, Tinubu and Vice President Kassim Shettima met with the governors of the 36 states of the Federation and ministers at the 141st meeting of the National Economic Council (NEC) to deliberate on a new minimum wage for workers.

News About Nigeria recalls 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.

The Act should be reviewed every five years to meet the contemporary economic demands of workers.

President Bola Tinubu, in January, set up a Tripartite Committee to negotiate a new minimum wage for workers.

The committee comprise organised labour, representatives of federal and state governments, as well as the organised private sector.