Tinubu to Submit Minimum Wage Bill to National Assembly Next Week Despite Inconclusive Negotiations With NLC

Barring any last-minute changes, President Bola Tinubu will submit the New National Minimum Wage Bill to the National Assembly next week.

The Minister of Information and National Orientation, Mohammed Idris, disclosed this while addressing State House correspondents on Monday.

Idris said there would be another meeting between President Bola Tinubu and the leadership of the organised labour on Thursday to conclude discussions on a figure.

Presently, there are two varying figures for the next minimum wage. The government team and the organised private sector proposed N62,000, while organised labour demanded N250,000.

Last week, Labour leaders met with the President to discuss the minimum wage issue further; however, the meeting ended in a stalemate. The President of the Nigerian Labour Congress, Joe Ajaero, said there was no negotiation in the one-hour meeting but “a discussion”.

Idris said that Tinubu will meet with organised labour again on Thursday, after which he will transmit the executive bill to the National Assembly. He will also transmit an amendment to the 2024 budget, addressing the new minimum wage, among other issues.

Earlier, the National Bureau of Statistics released a new inflation report containing a state-on-state analysis of food inflation in the country. The NBS reported that the headline inflation rate increased to 34.19 per cent in June 2024 from 33.95 per cent in May 2024.

According to the year-on-year report, food inflation was highest in Edo (47.34 per cent), Kogi (46.37 per cent), and Cross River (45.28 per cent). 

Read also: You Have Been Misinformed, No Agreement On Minimum Wage – NLC Replies Tinubu.

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