Tinubu to meet labour leaders again on Thursday to finalize new minimum wage

President Bola Tinubu is to convene a follow-up meeting with labour leaders on Thursday to reach a consensus on a new minimum wage, according to the Minister of Information and National Orientation, Mohammed Idris.
Idris made this known to journalists after the 15th Federal Executive Council meeting at the State House, Abuja, on Monday, that Tinubu would hold a follow-up meeting with the labour leaders in continuation of his consultation with the stakeholders.
Idris explained that Tinubu was open to more consultations with the Organised Labour and its affiliates.
“We expect that meeting to hold this coming Thursday. Recall that this was already what the labour unions requested during their meeting with Mr President last week.
“So the President is in agreement, he knows that the Labour wants to quickly finalise this issue of minimum wage and the government is also anxious to put the issue of minimum wage behind it.
“So, it is expected that the Nigeria Labour Congress, Trade Union Congress and all their affiliates, as requested by them last week, will meet the President on Thursday and after which the President will now transmit whatever the final agreements or what his views are on the tripartite committee’s report to the National Assembly for legislation,” Idris explained.
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This meeting is a continuation of the President’s consultation with stakeholders to harmonize the figures proposed by the Tripartite Committee on the New National Minimum Wage.
The committee submitted two separate figures – N62,000 from the government and organized private sector, and N250,000 from Organized Labour. The President seeks to find a mutually acceptable figure before transmitting an executive bill to the National Assembly.
The Ministry of Budget has been directed to prepare additional support for the 2024 Budget to address any shortfalls. The President is open to further consultations with Organized Labour and its affiliates to ensure a minimum wage that works for all Nigerians.
The meeting on Thursday aims to finalize the minimum wage issue, with the President set to transmit the agreed-upon figure to the National Assembly for legislative backing.
This development comes as the Association of Local Government of Nigeria (ALGON) has demanded a new revenue formula favoring the 774 local government areas in the country.
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