BREAKING: Tinubu Unveils What govt can pay as minimum wage after meeting labour
- President Bola Tinubu has posited that the government and the organised private sector cannot pay more than N62,000 as a minimum wage
- The president, however, appealed to the union that the minimum wage can be reviewed in two or three years time rather than every five years if the law can be amended
- The meeting between Tinubu and the labour leaders was then adjourned to next week Thursday, July 18
President Bola Tinubu has urged organised labour to accept the N62,000 minimum wage proposal accepted by the federal and state governments and the organised private sector. The meeting was adjourned to continue on Thursday, July 18.
Tinubu also convinced the union leader that the minimum wage did not have to be reviewed every five years, adding that it could be reviewed every two, three or four years if the national assembly could review the law.
Source: Twitter
This was disclosed in a statement by Bayo Onanuga, the president's special adviser on information and strategy, shortly after Tinubu's meeting with the labour leader on Thursday, July 11.
According to Onanuga, the meeting, held at the State House, saw briefings on the state of the economy from the Coordinating Minister of the Economy, Wale Edun, and the NNPC GMD, Mele Kyari.
President Tinubu led the government officials in the meeting and urged labour to accept the negotiated N62,000 as a first step in resolving the minimum wage issue. He suggested that further reviews can be done if the minimum wage law is reviewed.
He added that the labour is insisting on N250,000 minimum wage before the meeting was suspended till next week.
Tinubu reportedly said:
"Why must we adjust wages every five years? Why not two, why not three years? What is a problem today, can be eased up tomorrow."
Read the full statement here:
Minimum wage: Tinubu invites labour
Legit.ng earlier reported that President Tinubu has invited the labour leaders to the negotiation table to discuss the new minimum wage.
The labour leaders will be hosted at the presidential villa in Aso Rock, and President Tinubu is expected to make a decision on the proposed minimum wage for workers.
This came after Tinubu's Democracy Day speech, in which he announced that an executive bill on the new minimum wage would soon be forwarded to the national assembly.
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Source: Legit.ng
