Jubilation as President Tinubu Speaks on New Minimum Wages for Workers

• President Bola Tinubu has disclosed that a new minimum for Nigerian workers is currently under review
• While delivering a live broadcast on Monday, the President said that once there is an agreement between the organised labour union and the government, there will be provision for it in the budget
• The President addressed the country on Monday event ahead of the planned protest by the NLC and TUC against the removal of the fuel subsidy

FCT, Abuja - President Bola Tinubu says the federal government and the labour unions are working to determine a new minimum wage threshold for Nigerian workers.

The president made the announcement during a live broadcast on Monday, July 31, monitored by Legit.ng on Channels Television.

How President Tinubu plans to increase minimum wages

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President Tinubu, while addressing Nigerians on the pains that come with the removal of the fuel subsidy, said a new minimum wage is on its way, adding that the Presidential Steering Committee would decide on Palliatives.

The Presidential Steering Committee on Palliatives is a committee that constituted a team of the federal government and representatives of organised labour, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).

During the speech, the president disclosed that once the team agreed on the minimum wage, his administration would make provisions for the review in the budget.

President Tinubu reveals plans to cushion effect of fuel subsidy removal

The pronouncement by President Tinubu that "subsidy is gone" on May 29 has hit the country's economy with multiple inflation, which has further mounted pressures on the purchasing power of the people.

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"Tinubu’s broadcast a waste of time": Atiku expresses grief over President's speech

In his address, the president commended private organisations that have embarked on increasing their workers' remuneration.

He said:

“In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming."

Atiku blasts Tinubu, says "Tinubu’s broadcast a waste of time"

Legit.ng earlier reported that Atiku Abubakar, the former vice president and PDP presidential flagbearer in the 2023 election, has described President Bola Tinubu's live broadcast on Monday as uninspiring and deceptive.

The PDP leader, in a statement shortly after the president's speech, described the move as a complete waste of time.

Atiku said Tinubu's speech was an afterthought after his administration removed the fuel subsidy without a concrete plan to cushion its effects on poor Nigerians.

Source: Legit.ng