President Bola Tinubu
is set to meet with leaders of the Organised Labour this Thursday to continue
negotiations on a new minimum wage for Nigerian workers. This comes after the
topic was discussed at the Federal Executive Council (FEC) meeting on Monday.
Key
Points:
- Current
Minimum Wage: ₦30,000
- Proposed
Figures: Government and private sector
suggest ₦62,000, while Organised Labour demands ₦250,000.
- Ministerial
Involvement: Minister of Budget and National
Planning, Atiku Bagudu, is tasked with drafting an amendment proposal for
the 2024 Appropriation Act, to be sent to the National Assembly.
Recent
Developments:
- Previous
Meetings: Tinubu recently met with NLC
President Joe Ajaero and TUC President Festus Osifo. He emphasized the
need for realistic expectations, citing structural considerations.
- FEC
Decisions: On June 25, the FEC postponed
deliberations on the new minimum wage to allow further stakeholder
engagement.
- National
Economic Council: Tinubu and Vice President
Kassim Shettima discussed the new wage proposal with state governors and
ministers at the 141st NEC meeting.
Upcoming
Steps:
- Legislative
Action: Following Thursday’s meeting, the President
will finalize his decision and send it to the National Assembly.
- Executive
Bill: An executive bill on the new
national minimum wage will soon be introduced for legislative approval, as
mentioned in Tinubu’s Democracy Day speech on June 12, 2024.
Stay tuned for further updates on
the minimum wage negotiations and the impact on Nigerian workers.
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