President Bola Tinubu has announced that the Federal Government is set to unveil a new “living wage” for Nigerian workers.
Tinubu made this announcement during the International Workers’ Day celebration at the Eagle Square on Wednesday, delivering a commemorative message.
Represented by Vice-President Kashim Shettima, President Tinubu praised Nigerian workers for their dedication to the peace, progress, and development of the nation.
He explained that the tripartite committee on a new minimum wage had not reached a consensus before May Day. Tinubu said, “You would recall that on January 30th, 2024, the Federal Government convened a 37-member Tripartite Committee on Minimum Wage. The committee’s mandate was to provide counsel and suggest a national minimum wage that aligns with our current economic conditions.”
“Since then, the committee, in collaboration with labour leaders, has been diligently working towards proposing a new National Minimum Wage. Unfortunately, despite concerted efforts, the committee was unable to reach a consensus at its last meeting. This shall be resolved soon and I assure you that your days of worrying are over.”
While organised labour has insisted on a new living wage of N615,000 for workers, Tinubu expressed openness to the idea of a living wage instead of a minimum wage. He stated, “Indeed, this government is open to the committee’s suggestion of not just a minimum wage but a living wage.”
President Tinubu urged workers to trust his administration, emphasizing the need for unity and peace in achieving national growth and development.
“Our shared vision for national growth and development can only be realised in an atmosphere of industrial harmony and peaceful coexistence in every segment of our country. Dividends we have promised the nation, and which you work tirelessly to ensure, can only be achieved when we all unite for progress.”
“On this momentous day, I urge you and all our fellow citizens to place your trust in this administration. The seeds of greatness planted in our nation are beginning to bear fruit, and they promise a future filled with hope and bound by prosperity.”
“Let me assure you, with the utmost sincerity, that every initiative undertaken by this administration is geared towards transforming Nigeria into a nation that can truly provide for its people.”
“I appeal to you to continue using the power of the labour movement for the greater good of our nation, fostering harmony and cooperation.”
“Once more, I extend my heartfelt congratulations on this successful Workers’ Day celebration, and I wish you all joyous festivities.”