Minimum Wage: Tinubu Announces When NASS Will Get Executive Bill
- President Bola Tinubu has announced plan to send the national minimum wage bill to the national assembly on Tuesday, July 23
- The president said the move became imperative following an agreement between the federal government and organised private sector
- Tinubu and the leadership of the organised labour recently agreed on ₦70,000 to replace the current ₦30,000 being paid as minimum wage
President Bola Tinubu and labour leaders have agreed on a new national minimum wage of ₦70,000, replacing the existing ₦30,000 minimum wage.
The agreement was reached during a meeting between the president and the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) of Nigeria at the Aso Presidential Villa, Abuja, on Thursday, July 18.
Source: Twitter
Why Tinubu is sending bill to NASS
The Punch reported that an executive bill on the new minimum wage would be sent to the National Assembly on Tuesday, July 23, to formalise the agreement.
PAY ATTENTION: Share your outstanding story with our editors! Please reach us through info@corp.legit.ng!
The president assured labour leaders that he has always been committed to improving workers' welfare, citing his track record.
Tinubu announced the new minimum wage benchmark of ₦70,000 and agreed to a three-year tenure for wage reviews.
The president's special adviser on information and strategy, Bayo Onanuga, confirmed that the executive bill, which will give legal backing to the agreed-upon minimum wage, will be sent to the National Assembly by Tuesday.
Tripartite committee's proposed as minimum wage
The tripartite committee on the new national minimum wage had submitted two figures to the president: ₦62,000 proposed by the government and private sector and the ₦250,000 demanded by organised labour.
The president then requested more time to consult stakeholders and harmonise the figures before sending an executive bill to the National Assembly. He met with the private and sub-national sectors to find a nationally acceptable minimum wage.
A meeting with NLC and TUC leaders last week was postponed due to a lack of consensus, but a subsequent meeting on Thursday yielded a positive outcome.
The minister of information and national orientation, Mohammed Idris, described the conclusion of the meeting as "A happy day for Nigeria," indicating a breakthrough in the negotiations, which ultimately led to the agreement on a ₦70,000 minimum wage.
NLC rejects Tinubu's minimum wage proposal
Legit.ng earlier reported that the labour leaders reportedly rejected Tinubu's proposal to pay ₦250,000 minimum wage to Nigerian workers.
Joe Ajaero, the president of the NLC, disclosed that the labour rejected the proposal because it was conditioned that the petrol price would be increased.
Ajaero disclosed that the proposal was made during the union's meeting with the president, adding that the union rejected it in the interest of Nigerians.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
PAY ATTENTION: Donate to Legit Charity on Patreon. Your support matters!
Source: Legit.ng
