President Bola Tinubu and the Nigeria Labour Congress and the Trade Union Congress of Nigeria led by their presidents, Joe Ajaero and Festus Osifo, respectively, have agreed on N70,000 as the new national minimum wage during their meeting at the Aso Presidential Villa, Abuja on Thursday.
The wage will replace the N30,000 minimum wage that expired on April 18, 2024.
To give legal teeth to the agreement ahead of its implementation, the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, confirmed that the lawmakers would get the executive bill on the new minimum wage by Tuesday.
He said, “The minimum wage will reach the National Assembly by Tuesday. He (President Tinubu) told labour in the meeting that it will be ready by Tuesday.”
Announcing the new wage benchmark, the President said, “I have heard all your presentations. You came here with the intention to get something on behalf of your members. If you review my track record, I have never been found wanting to ameliorate the problems of workers. I belong to the people and all of you in leadership.
“We are driving this economy together. Let us look at the tenure of review. Let us agree on that, and affirm three years. Two years is too short. We affirm three years. We will review it.
“I am going to move from the tripartite committee. I am going to edge a little bit forward, looking at the review that we have done. Yes, no one in the federal establishment should earn less than N70,000. So, we are going to benchmark at N70,000.”
The Tripartite Committee on the New National Minimum Wage set up in January had submitted two separate figures to the President following a disagreement among the stakeholders.
While the government team and the organised private sector proposed N62,000, organised labour demanded N250,000.
On receiving the committee’s report, the President asked for more time to consult the relevant stakeholders to harmonise the figures before transmitting an executive bill to the National Assembly.
Subsequently, he held meetings with the organised private sector and the sub-nationals on a nationally acceptable minimum wage.
Last week Thursday, the President met with the NLC and TUC leadership but the meeting could not reach a consensus and it was postponed by one week.
Briefing State House correspondents after the President’s session with the union leaders on Thursday, the Minister of Information and National Orientation, Mohammed Idris, described the conclusion of the meeting as “A happy day for Nigeria.”
Besides the minimum wage agreement, he disclosed that the government had also agreed to pay the withheld salaries of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Universities.
The government further pledged massive investments in infrastructure and renewable energy, including the acquisition of more CNG buses to enhance the nation’s transition to cleaner energy, as well as expressing commitment to ensuring local government autonomy.
Idris noted, “Today’s a happy day for Nigeria. You’ll recall that last week we had a meeting here and the organised private sector. The sub-nationals have also held their various meetings with Mr President following the submission of the tripartite agreement to Mr President.
“Labour came last week. They had meetings with Mr President. They asked for an adjournment for a week to go and consult further. They did those consultations. They have come back today and we have met with Mr President.
“We’re happy to announce today that both the Federal Government and organised labour have agreed on an increase on the N62,000 minimum wage. The new national minimum wage that we expect Mr President to submit to the National Assembly for legislation is N70,000. But that is not all. There is also a boost, as Mr President has assured, in ensuring that massive investment is going to be made in the area of infrastructure. ‘’
Speaking further, the minister reeled out other programmes that would be implemented by the government.
