Tinubu acknowledged concerns about the unveiling of a new minimum wage and its impact on states, particularly those with limited resources......READ THE FULL ARTICLE>>>
To address this, his administration has provisionally increased the federal minimum wage to N35,000 per month for six months, with two months already disbursed.
Tinubu emphasized the importance of consultations with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) in decision-making.
He outlined the commitment to collaborate with states, taking into account their unique financial situations and implementing strategies for economic strengthening, including tax efficiency and diversification.
The President assured continuous dialogues with labor unions and state governments to ensure a fair, reasonable, and implementable minimum wage nationwide.
The administration aims to balance workers’ economic well-being with the overall financial health of the nation. Tinubu urged Nigerians to trust that sustainable solutions would be delivered in their best interest.
Meanwhile, the organized labor in the country expressed intent to formulate a strong stance on the suspension of wage award payments to civil servants.
They cautioned federal and state governments to prepare for an increase in the minimum wage beyond the current N30,000 monthly rate…CONTINUE READING>>
