President Bola Tinubu is set to send to the National Assembly the Executive proposal for a new minimum wage for Nigerian workers. At a nationwide address on the occasion of Nigeria\u2019s Democracy Day on June 12, 2024, President Tinubu indicated that a minimum wage bill will be sent to the National Assembly for passage. <\/p>\n\n\n\n
At a stalled meeting between Labour\nand the Federal Government, a decision could not be reached between the\ngovernment\u2019s proposal of N62,000 and Labour\u2019s demand for a minimum of 250,000.\nGovernment had cited inability to pay and dwindling revenues. Labour on its\npart, believes that the government can afford to pay its demand given what it\nbelieves to be available resources, profligacy in government and unwillingness\nof government to cut wastages on its spend. By proposing to send a new minimum\nwage bill to the National Assembly, the Federal Government may appear to have\nshifted the battle between it and Labour to the legislative arm of government\nin order to forestall a strike action by Labour. <\/p>\n\n\n\n
The National Assembly is currently\non recess and is not expected to resume plenary until July 2, 2024. This will\nappear to provide a respite from the strike by Labour pending the National\nAssembly\u2019s action on minimum wage. It is expected that the National Assembly\nwill pursue the legislative process, including a public hearing and consulting\nwith Labour on the matter, to enable a new minimum wage to be passed. <\/p>\n\n\n\n
It will be recalled that the labour\nunions and the Federal Government have been negotiating a new minimum wage. A\nnew minimum wage was one of the demands of the unions when they were protesting\nagainst some of the economic policies of the Tinubu administration. The labour\nunions had initially demanded a new minimum wage of N615,000 to match the rising\ncost of living in the country. The Federal Government on its part, first\nproposed N48,000 and then later proposed N60,000 as the new minimum wage but\nboth proposals were rejected by the unions. With the negotiations ending in a\ndeadlock, the unions proceeded on a nationwide strike on Monday, June 3,\ndespite the efforts of the National Assembly leadership to get them to shelve\nthe strike. Shortly after the commencement of the strike, it was called off on\nTuesday, June 4 for five days when the Federal Government agreed to take the\nminimum wage above N60,000. <\/p>\n","protected":false},"excerpt":{"rendered":"
President Bola Tinubu is set to send to the National Assembly the Executive proposal for a new minimum wage for Nigerian workers. At a nationwide address on the occasion of Nigeria\u2019s Democracy Day on June 12, 2024, President Tinubu indicated that a minimum wage bill will be sent to the National Assembly for passage. At […]<\/p>\n","protected":false},"author":2,"featured_media":1970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/3588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/comments?post=3588"}],"version-history":[{"count":1,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/3588\/revisions"}],"predecessor-version":[{"id":3597,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/3588\/revisions\/3597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/media\/1970"}],"wp:attachment":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/media?parent=3588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/categories?post=3588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/tags?post=3588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}