Tinubu Announces New Minimum Wage, Seeks NASS Nod

According to Tinubu's speech on 25th Democracy Day, the new minimum wage is ready and is awaiting a response from the NASS.

New Minimum Wage Agreement Reached, Awaits NASS Approval: President Tinubu announces deal with organized labour, promises to send executive bill to National Assembly, and assures Nigerians of a brighter future and no oppression.

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

On Wednesday, Tinubu announced that an executive bill to establish the new minimum wage accord will shortly be delivered to the National Assembly during his national broadcast honoring the 2024 Democracy Day in Abuja.

He stated, “In this spirit, we have negotiated in good faith and with open arms with organised labour on a new national minimum wage.

“We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less.”

The President promised to make sure that no Nigerian is subjected to injustice.

He continued, “I take on this vital task without fear or favour and I commit myself to this work until we have built a Nigeria where no man is oppressed. In the end, our national greatness will not be achieved by travelling the easy road. It can only be achieved by taking the right one.

“The words of the American President Franklin Roosevelt certainly ring true: There are many ways of going forward. But only one way of standing still!”

“We dare not slumber lest the good things awaiting our immediate future pass us by. We dare not plant our feet in an idle standstill in the middle of the intersection of hope and despair. We know the proper way forward and we shall take it! The initial rays of a brighter tomorrow now appear on the early horizon.

“An abundant future and our capacity to achieve that future lie within our reach. Democracy and the institutions it begets offer to take us to our profound destination.

“Let us board this progressive train together. Together, let us move Nigeria forward.

“Let's continue to keep the fire of democracy burning. Let's keep the torch lit for generations to come,” he said.

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

The Federal Government's rejection of the proposed rise in the minimum wage to N60,000 prompted organized labor members to launch a national indefinite strike on June 3.

This came about as a result of multiple fruitless discussions between labor unions and the government.

Organized labour, however, sought N250,000, while the government and the Organized Private Sector compromised on N62,000 instead.

The Nigeria Labour Congress, or NLC, Assistant General Secretary Chris Onyeka declared that labor will not accept the most recent offer of N62,000 or the N100,000 suggestion made by certain people and economists.