President Bola Tinubu says an executive bill on the new national minimum wage for workers will be sent to the National Assembly.
Tinubu stated this on Wednesday while addressing Nigerians in his second Democracy Day speech and the country’s 25th year of uninterrupted democratic rule.
In the face of Labour’s national strike on June 3, leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) were not arrested or threatened, the president said.
The Minimum Wage Act of 2019, which made ₦30,000 the minimum wage, expired in April 2024. The Act should be reviewed every five years to meet the contemporary economic demands of workers.
The President is expected to make a decision on the ₦62,000 proposed by the government and private sector sides and the ₦250,000 demand of the organised labour.
President Tinubu also spoke about the hardship his economic policies have brought about, “the intention of some opponents to exploit the situation to put the government in a bad light, and eventually destroy democracy.”
President Tinubu, however, called on Nigerians to be steadfast, as the policies, despite the suffering they have brought to bear on Nigerians, were the necessary tools needed to revamp the economy.
He assured Nigerian workers that the new national minimum wage, to be agreed upon, would be sent to the National Assembly for legislation.
