Saturday, November 23, 2024

Minimum Wage: Committee Awaits Presidential Review

The Tripartite Committee on National Minimum Wage in Nigeria has concluded its deliberations and officially submitted its report to the Secretary to the Government of the Federation (SGF) on Monday. Segun Imohiosen, the SGF’s Director of Information and Public Relations, confirmed the submission, noting that the report’s formal presentation to President Bola Tinubu is pending, awaiting the return of key stakeholders from the International Labour Organisation (ILO) Conference in Geneva, Switzerland.

The committee, chaired by Bukar Goni Aji, was appreciated by the SGF for their dedication throughout the process. Established by President Tinubu on January 30, 2024, the 37-member committee was tasked with defining a new national minimum wage for both public and private sector workers, under the mandate of the Minimum Wage Act, 2019.

After months of intense negotiations involving the Government, organised labour, and the private sector, a figure of N62,000 was proposed as the new national minimum wage—a recommendation that will be included in the report for President Tinubu’s consideration. This proposal significantly diverges from the labour unions’ initial ask of N494,000, later adjusted to N250,000.

READ MORE: Multichoice Challenges Tribunal’s Ruling Over Accused Unfair Pricing Practices

The news comes amidst assertions from the Nigeria Governors’ Forum (NGF) that the previously contemplated N60,000 minimum wage is financially unfeasible for many states, warning of potential constraints on infrastructure and service delivery projects.

However, labour representatives remain steadfast in their demands. Chris Onyeka, Assistant General Secretary of the Nigeria Labour Congress (NLC), strongly articulated the labour movement’s stance, emphasizing the inadequacy of the N62,000 proposal and underscoring the N250,000 figure as reflective of the current economic realities faced by Nigerian workers.

With the committee’s recommendations now with the SGF, and anticipated to be in the hands of President Tinubu shortly, the next steps involve an executive bill being drafted for the National Assembly’s consideration. The process’s outcome is keenly awaited, with implications that span the breadth of Nigeria’s economy and the well-being of its workforce.

Hot this week

Trump Considers Rwanda Deportation Plan to Address Illegal Immigration

In a bold move to address illegal immigration, U.S....

Nigeria Needs to Focus on Export Growth for Economic Recovery, Says Sanwo-Olu

Lagos State Governor Babajide Sanwo-Olu has called for a...

Debt Burden, Inflation Undermine Nigeria’s Economic Reform Efforts – IMF Report

Nigeria’s sweeping economic reforms, launched 18 months ago, have...

Kenyan President Demands Justice for Femicide Victims, Calls for Gender Equality

President William Ruto has issued an urgent call for...

Elon Musk Named 2024 Top Partner Of Rhapsody Of Realities At IPPC Conference

In an unprecedented move, Elon Musk, CEO of X...

The Physiology of Transformative Leadership and Its Impact on a Failing Nation

Kingsley Enwelim Nwanze In an era marked by rapid change...

Sanwo-Olu’s N3tn ‘Budget of Sustainability’ Targets Infrastructure, Education, and Social Inclusion

Lagos State Governor Babajide Sanwo-Olu has presented an unprecedented...

African Union Secures Key Wins at Brazil-Led G20 Summit

The African Union (AU) celebrated significant progress at the...

3,759 Weekly Cyber-Attacks Highlight Urgent Need for Nigeria’s Cyber Defense

Nigerian organisations are grappling with a cyber-attack crisis, facing...

Kenyan President Demands Justice for Femicide Victims, Calls for Gender Equality

President William Ruto has issued an urgent call for...

Policy Reforms Could Unlock Nigeria’s Furniture and Textile Goldmine – Shina Peller

Nigeria’s furniture and textile sectors hold untapped potential to...

Simon Ekpa Arrested in Finland, Accused of Inciting Violence in Nigeria

Simon Ekpa, a divisive pro-Biafra activist, has been arrested...
spot_img

Related Articles

Popular Categories