Remember that the President chose to confer with stakeholders prior to making a decision on the matter

 having failed to reach a consensus on a figure during the tripartite committee's deliberations on the new national minimum wage. Prior to sending an executive bill to the National Assembly, President Tinubu met with representatives from OPS, the Organized Private Sector, and the state governors.

Speaking about the President's meeting today, a labor leader told Vanguard that they were heading to the meeting to inform the President that only well-paying workers, as sought by organized labor, could help the government spur economic growth.

He stated: "Yes, as part of the stakeholder discussions, we will be meeting with the President tomorrow, today particularly the tripartite minimum wage committee. Governors and the OPS have previously met with the President. We will meet with the President at 2:00 PM.

‘’Our demand, which we made on the last day of discussions, is what we are sticking to. We shall provide the President an explanation for our insistence on N250,000.

"The President is discussing reversing the economic trend. We'll explain to him that economic growth occurs when workers have more disposable income. Workers will spend such money in Nigeria when they have more of it.They refuse to spend the money outside of the nation. They plan to utilize it to purchase Nigerian-made items, about which manufacturers have been grumbling that their inventory is rotting in storage.

"When If this takes place, the manufacturers will have more cash to boost output and possibly even add more jobs. In turn, this will help to lessen insecurity by removing unemployed Nigerians from the streets.

Recall that on Friday, June 8, the tripartite committee on NNMW concluded negotiations without reaching a consensus because of a stark disparity in the numbers between organized labor (NLC and TUC) and employers (government and OPS).

The Federal Government's negotiation team added N2, 000 on June 8 to its N60, 000 offer from May 31, which went against expectations and caused a standstill that compelled Labour to launch a statewide strike.

Due to the impasse, the committee decided to present President Tinubu with both the N62, 000 offer from the federal government team—which has the support of the OPS—and the N250, 000 that Organized Labor is currently demanding.

Arrangement After the Federal Government raised its offer, the negotiation team for Labour left the committee meeting from the N57, 000 it offered on Wednesday, May 22, to N60,000. 

On 15 May, the labor negotiation team left the tripartite committee meeting after the government provided N48,000 and the organized private sector (OPS) offered N54,000 instead of the N615,000 that was requested.