Tinubu approved a new minimum wage on Thursday, July, 2024 following recent industrial actions by the labour unions (NLC & TUC), private partners and Nigerian working class.
Asorok, EPICSTORIAN – Leaders of the Nigerian Labour Congress NLC) have hailed president Ahmed Bola Tinubu over his approval of N70,000 minimum wage for Nigerian workers.
Tinubu approved the new minimum wage on Thursday, July, 2024 following recent industrial actions by the labour union, partners and Nigerian working class.
The federal government under president increased its offer on the national minimum wage in Abuja, where he adjusted the initial proposed amount from N62,000 to N70,000, assuring labour that it will be reviewed after three years .
While in a meeting with leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), Tinubu said the organised labour unions petitions on behalf of their members were well-received.
“I have heard all your presentations. You came here with the intention to get something on behalf of your members,” said the president.
“It has been tough globally. And if you review my track record, I have never been found wanting in ameliorating the problems of workers.
“I belong to the people and to all of you in leadership. Without you, this job is not interesting.
“You challenged the thinking faculty of leadership, and we have reviewed the position. I have consulted widely, and when the tripartite committee submitted their reports, I reviewed them again and started to think and rethink.
Tinubu promises labour unions to review minimum wage in 3 years instead of five
The president noted that it was necessary that hold “this meeting” due to the pressures and his limited timeline.
“Last week, I brought the workload to you because we have a timeline. We have a problem, and we recognize that you have a problem too.
“We are in the same economy. We are in the same country. We may have different rooms, different addresses, and different houses; we are just members of one family that must care for each other.
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“We must look at the parameters of things. Here, I have a speed limit, and I must pay attention to traffic warnings; slippery when wet, curved roads, and be careful not to have an accident. That is why I went as far as having this meeting today.
“We are driving this economy together. Let us look at the tenure of review. Let us agree on that, and affirm three years. Two years is too short. We affirm three years. We will review.
“I am going to move from the tripartite committee. I am going to edge a little bit forward, looking at the review that we have done. Yes, no one in the federal establishment should earn less than N70,000. So, we are going to benchmark at N70,000,’’ president Tinubu said.
Meanwhile, at the meeting, the Secretary to the Government of the Federation, Senator George Akume, praised the President and said he was impressed by the efforts of the tripartite committee.
Akume we stated that they “were all united as one family to promote and grow our economy”.
“Mr. President, at the tripartite meeting, and the resolutions of the government, Organized Private Sector and labour unions; we were all united as one family to promote and grow our economy, and deepen our democracy, by implication to the benefit of all,” said the Secretary to the Government of the Federation
“Basically, that is what we are saying today. We have a listening President here.’’
How much was the Nigerian workers’ previous minimum wage?
Tinubu approved a N70,000 new minimum wage from the previous N35000 minimum wage paid to Nigerian workers after a series of pressures from organized labour unions (NLC & TUC).
Economic hardship and continued loss of value in the Nigerian Naira led to the recent nationwide strikes, which resulted in the shutdown of the Nigerian national grid, banking institutions, schools, state and federal Secretariats.
