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A new national minimum wage is prepared and awaiting enactment—Tinubu


The Federal Government and organized labor have finally come to an agreement on the much-discussed new minimum wage, according to President Bola Tinubu.

During his nationwide broadcast on Wednesday, in honor of 2024 Democracy Day in Abuja, Tinubu disclosed that the new minimum wage accord will shortly be formalized through the submission of an executive bill to the National Assembly.

"In this spirit, we have negotiated in good faith and with open arms on a new national minimum wage with organized labor," he said.

"We plan to submit an executive bill to the National Assembly in the near future, which will codify the agreements reached into law for a maximum of five years."
He emphasized that His administration responded to labor union demands by opting for democracy over authoritarianism.

"As a dictatorship administration would have done, we did not attempt to repress or crack down on the workers in response to labor's request for a national strike. We opted for collaboration over confrontation.

Nobody was detained or intimidated. Rather, the leadership of the labor movement was asked to have a meal together and work toward a sincere settlement. Democratic processes are characterized by reasoned debate and morally sound compromise. These themes shall continue to animate my policies and interaction with the constituent parts of our political economy,” he said.
The President promised to make sure no Nigerian is subjected to injustice.

I pledge to keep working on this project until we have created a Nigeria free from male oppression. Ultimately, taking the easy route will not lead to the greatness of our country. You can only get there by making the correct choice.

"There are numerous options for moving forward, as stated by US President Franklin D. Roosevelt. But there's only one way to remain still!

Tinubu encouraged Nigerians to have hope for a better future and to not be afraid.

"We cannot sleep for fear of missing out on the wonderful things that lie ahead of us right now. In the midst of the junction of hope and despair, we dare not stand motionless. We understand how to proceed properly, and we I'll accept it! On the early horizon now, the first rays of a better tomorrow appear.

"A prosperous future is within our grasp, as is our ability to realize that future. The structures that democracy produces promise to lead us to our ultimate goal.
Together, let's get on this revolutionary train. Let's advance Nigeria together.

"Let's not let up on the flame of democracy." "Let us continue to shine the light for future generations," he uttered.

Organizational laborers began a statewide indefinite strike on June 3 in response to the Federal Government's unwillingness to increase the proposed minimum wage from N60,000.

This followed multiple fruitless discussions between labor unions and the administration.

Organized labor issued a directive on May 1, 2024, to the Federal Government, requesting that the minimum wage talks be completed before the end of the current month.

Labor wanted N250,000, while the government and the Organized Private Sector compromised on N62,000.

According to Chris Onyeka, the Assistant General Secretary of the Nigeria Labour Congress, labor would reject the most recent offer of ₦62,000 as well as the ₦100,000 suggestion put up by certain people and experts.


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