MINIMUM WAGE: Prolonged Labor Wait As FEC Withdraws Memo

 

The federal government declared that President Bola Tinubu will have additional discussions before making a decision, delaying the desire of Nigerian workers for a new national minimum wage to help them deal with the current cost of living problem.


Following President Tinubu's preside over the Federal Executive Council (FEC) meeting at the Presidential Villa in Abuja yesterday, Mohammed Idris, the minister of information, revealed this to reporters from the State House.
Idris disclosed that although the president had received a report from the tripartite committee tasked with finding a solution, more talks are necessary due to the issue's intricacy.

The minister clarified that the issue had been discussed by the Federal Executive Committee However, in the end, they chose to rescind the decision immediately. "So I want to state that on the new national minimum wage, Mr. President is going to consult further so that he can have an informed position because the new national minimum wage, like I said, is not just an issue of the federal government:

it affects the state governments, the local governments, and the organized private sector, and that is why it is called national minimum wage. It's not just an affair of the federal government," the union stated.

Leadership remembers that on June 3, 2024, laborers went on a two-day strike in protest of the tripartite committee's inability to reach a consensus on a new minimum wage and demanded the cancellation of the increase in electricity tariff It has been decided upon to introduce a new minimum wage, which will begin in May 2024.

August Will See The Release Of The New Minimum Wage - TUC
In the meantime, organized labor made a hint yesterday that early August 2024 is when the new national minimum wage is anticipated to be finalized.

The Trade Union Congress of Nigeria (TUC) president, Comrade Festus Osifo, dropped a hint when Kogi State government representatives, led by Comrade Onuh Edoka, the special labor adviser to state governor Usman Ododo, visited the labor center in Abuja.
In light of the growing economic difficulties faced by Nigerian workers, the head of the TUC urged a swift update to the minimum wage.