The President, Bola Tinubu has passed the N70,000 minimum wage bill to the House of Representatives in the National Assembly for consideration and passage.
Recall that Tinubu and the leadership of the Organised Labour had last Thursday agreed on N70,000 as the new minimum wage for Nigerian workers.
President Tinubu submitted the national minimum wage bill to the Senate for their review and approval on Tuesday, July 23.
President Tinubu has also submitted Police Act (Amendment) Bill, 2024 seeking to amend the Police Act 2020 with respect to the appointment and tenure of the Inspector general of the Police.
Information Minister Mohammed Idris had said “the new national minimum that Mr President is expected to submit to the National Assembly is N70,000”.
The truce between the government and labour sides followed a series of talks between labour leaders and the President in the last few weeks after months of failed talks between labour organs and a tripartite committee on minimum wage constituted by the President in January.
Labour had insisted on N250,000 minimum wage stating that N30,000 was unsustainable for any worker going by the economic vagaries of inflation and high cost of living which followed the removal of petrol subsidy by the President.
However, Labour accepted the President’s offer of ₦70,000 last Thursday.
The President of the Nigeria Labour Congress (NLC), Joe Ajaero, said Labour accepted ₦70,000 and rejected a proposal by President Bola Tinubu to pay ₦250,000 minimum wage on a condition to increase petrol prices.
