President Bola Tinubu will formally submit the newly agreed-upon national minimum wage to the National Assembly for legislative approval and enactment into law on Tuesday, July 23.
Persecondnews recalls that Tinubu on Thursday held a meeting with Labour leaders, including Comrade Joe Ajaero, President of the Nigeria Labour Congress (NLC), and Comrade Festus Osifo, President of the Trade Union Congress (TUC), at the Aso Presidential Villa in Abuja.
During the meeting, they agreed on the new national minimum wage of N70,000, marking a significant milestone in the negotiations.
The wage will replace the N30,000 minimum wage that expired on April 18, 2024.
According to Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, an executive bill to formalize the agreed-upon new minimum wage will be transmitted to the legislature by Tuesday.
He said: “The minimum wage will reach the National Assembly by Tuesday. He told Labour in the meeting that it will be ready by Tuesday.”
Announcing the new wage benchmark, Tinubu said: “I have heard all your presentations. You came here with the intention to get something on behalf of your members.
“If you review my track record, I have never been found wanting to ameliorate the problems of workers. I belong to the people and all of you in leadership.
“We are driving this economy together. Let us look at the tenure of review. Let us agree on that and affirm three years. Two years is too short. We affirm three years. We will review it.
“I am going to move from the tripartite committee. I am going to edge a little bit forward, looking at the review that we have done.
“Yes, no one in the federal establishment should earn less than N70,000. So, we are going to benchmark at N70,000.”
In addition to the minimum wage accord, the government has also committed to settling the outstanding salaries of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Universities (NASU).
Furthermore, the government has promised to invest heavily in infrastructure development, renewable energy projects, and the procurement of additional CNG buses to accelerate the country’s transition to cleaner energy.
Moreover, the government has reaffirmed its dedication to ensuring the autonomy of local governments.
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