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Minimum Wage: Tinubu to meet with Labour Unions’ leaders July 11

L-R: Comrade Joe Ajaero, President of NLC; President Bola Ahmed Tinubu; Mr. Festus Osifo, President of TUC; and Williams Akporeha, National President of NUPENG, at the Presidential Villa, Abuja, FCT File Photo

*President Bola Ahmed Tinubu is expected to make a decision at a meeting with the Labour leaders Thursday, July 11, 2024, on the Federal Government and Organised Private Sector’s N62,000 proposal, as well as the latest N250,000 demand of the Labour Unions as the new National Minimum Wage for Nigerian workers

Isola Moses | ConsumerConnect

President Bola Ahmed Tinubu is expected to meet with the leadership of the Organised Labour Thursday, July 11, 2024, in Abuja, FCT, to further discussions on a new National Minimum Wage for Nigerian workers.

ConsumerConnect learnt President Tinubu had invited the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to the meeting expected to be held at the Presidential Villa, Abuja.

Tinubu is expected to make a decision on the N62,000 proposal of the Federal Government and Organised Private Sector side, as well as the N250,000 demand of the Labour Unions, Channels TV report said.

It is recalled the Nigerian leader, in his Democracy Day speech delivered June 12 this year, had disclosed that his administration would send an executive bill on the new national Minimum Wage for workers to the National Assembly (NASS) for passage into law.

The Federal Executive Council (FEC) chaired by President Tinubu, June 25, had stepped down from consideration and deliberation on the memo on the New Minimum Wage to allow for more engagement with other stakeholders across the country.

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

Talks for a new minimum wage for Nigerian workers have been on for a while, and the Minimum Wage Act of 2019, which made N30,000 the minimum wage, expired April this year.

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

Prior to the statutory expiration of the extant workers’ wage in April, President Tinubu, January 2024, had constituted a Tripartite Committee to negotiate a new Minimum Wage for workers.

However, the Committee comprising the Organised Labour, representatives of federal and state governments as well as the Organised Private Sector has not been able to reach “an agreement” on a new National Minimum Wage for workers.

The situation reportedly later compelled the Organised Labour declare an indefinite industrial action Monday, June 3, 2024, just as it continues to threaten a complete shutdown of the Nigerian economy over the cogent national issue till this day.

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