Revealed: When Tinubu will send minimum wage bill to national assembly

• President Bola Tinubu has disclosed a plan to send the national minimum wage bill to the national assembly on Tuesday, July 23
• According to the president, this would allow the agreement between the federal government and organised private sector
• President Bola Tinubu and the union leader agreed on ₦70,000 to replace the current ₦30,000, which is being paid as minimum wage currently

President Bola Tinubu and labour leaders have agreed on a new national minimum wage of ₦70,000, replacing the expired ₦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.

Tinubu to send minimum wage bill to the national assembly on Tuesday Photo Credit: @Imranmuhdz
Source: Twitter

Why Tinubu will send minimum wage 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.

The President assured labour leaders that he has always been committed to improving workers' welfare, citing his track record.

The president 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.

What tripartite committee proposed as minimum wage

The Tripartite Committee on the New National Minimum Wage submitted two different figures to the President: ₦62,000 proposed by the government and private sector and ₦250,000 demanded by organized labour.

The President requested more time to consult stakeholders and harmonize the figures before sending an executive bill to the National Assembly. He held meetings with the private sector and sub-nationals 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.

Source: Legit.ng