Tinubu Speaks on When New Minimum Wage Will Be Announced

• President Bola Tinubu has announced plans to forward the new minimum wage bill to the national assembly next week
• Mohammed Idris, the minister of information and national orientation, said the decision was reached at the federal executive council meeting on Monday, July 15
• According to the minister, Tinubu also planned a supplementary budget to finance the new minimum wage

President Bola Tinubu has announced his government's plan to transmit the new national minimum wage bill to the National Assembly next week.

The executive bill will be transmitted after a meeting with organised labour's leadership on Thursday, July 18.

What FG, labour agreed as minimum wage

Vanguard reported that the tripartite committee on the new national minimum wage submitted two separate figures to the president: N62,000 from the government and private sector and N250,000 from organised labour.

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Tinubu issues fresh directive on new minimum wage bill, presidency shares details

The new minimum wage is expected to be disclosed during debate at the national assembly once it is forwarded to the lawmakers.

Tinubu had promised to harmonise the figures before sending the bill to the National Assembly.

Mohammed Idris, the minister of information and national orientation, confirmed that the president will transmit the bill after meeting with organised labour.

Minimum wage: Tinubu announces supplementary budget

According to Idris, the minister of budget and national planning has been directed to prepare to amendment bill to the 2024 budget. It will be presented to the national assembly next week.

The executive will also send the National Assembly an amendment to the 2024 budget, which will include provisions for the new minimum wage.

The meeting with organised labour is considered as a step towards resolving the minimum wage issue, which has been a subject of contention.

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Tinubu discloses date to meet NLC, may announce new minimum wage

The transmission of the bill and the budget amendment also indicate progress towards implementing the new National Minimum Wage.

What governors can pay

Legit.ng earlier spotlighted the minimum wage drama between the governors and organised labour over the N60,000 proposed by the federal government.

Okanlawon Gaffar, a lawyer, told Legit.ng recently that a uniform minimum wage was unhealthy for state governments.

The legal practitioner said each state should be able to determine its minimum wage based on its capacity and internal revenue.

Proofreading by James Ojo Adakole, journalist and copy editor at Legit.ng.

Source: Legit.ng