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In a bid to ensure a comprehensive approach in determining the new national minimum wage, President Bola Tinubu has announced plans to consult with 36 state governors and members of the organized private sector.
This decision was revealed by the Minister of Information and National Orientation, Mohammed Idris, after a meeting of the Federal Executive Council (FEC) at the Presidential Villa in Abuja.
“The Federal Executive Council considered the report of the Tripartite Committee on the new national minimum wage, and its decision was because the new national minimum wage is not just a matter of the federal government, but is an issue involving the federal government, state governments, local governments, and the organized private sector , and of course, including organized labor,” explained Idris.
The Minister stressed that the President wanted to undertake wider consultations to reach an informed position on this issue.
“The new national minimum wage is not just a federal government issue. This impacts state governments, local governments, and the organized private sector. Therefore it is called the national minimum wage. “This is not just a matter for the federal government,” he said.
The FEC meeting had considered a memo regarding the Tripartite Committee’s report on the new national minimum wage but withdrew it to allow for further consultations. The committee has proposed a figure of N62,000, while organized labor is demanding a living wage of N250,000.
READ ALSO: Nigerian government and labor committee disagree on minimum wage
It would be recalled that Comrade Joe Ajaero, President of the Nigerian Labor Congress (NLC), had expressed hope that the President would align the figures with members of the committee.
“We expect the President to contact the members of the Tripartite Committee to harmonize the figures,” Ajaero said.
However, the Minister of Finance assured that the new President would present the figures to the National Assembly after consulting with relevant stakeholders.
“Mr. President has studied the report and will consult more widely before submitting the final report to the National Assembly. He wants to get an informed position before presenting his figure to the National Assembly,” said Idris.
This step is seen as an effort to ensure a consensus-based approach in determining the new national minimum wage, which will have far-reaching impacts on workers, employers and the economy as a whole.
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