BREAKING: Tinubu Speaks on When New Minimum Wage Will Be Announced

Jul 16, 2024 | Entertainment, News


  • President Bola Tinubu has disclosed the decision 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 a plan to transmit the New National Minimum Wage to the National Assembly next week.

The Executive Bill will be transmitted after a meeting with Organized Labour’s leadership on Thursday, July 18.

President Bola Tinubu has announced plan to present the new minimum wage bill to the national assembly next week, after meeting the leadership of the organised labour on Thursday, July 18.
Tinubu sends new minimum wage bill to national assembly next week
Photo Credit: @officialABAT
Source: Twitter

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 Organized Labour.

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

President Tinubu had promised to harmonize 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 Organized 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 Organized Labour is a step towards resolving the minimum wage issue, which has been a subject of negotiation.

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The transmission of the bill and the budget amendment 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.

Source: Legit.ng





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