Minimum wage: We must cut our coat according to our clothes, Tinubu tells labour

President Bola Tinubu says a new minimum wage will be fixed after reviewing the “structure” of the wage bill.

July 11, 2024 11:06 pm

Tinubu told the labour leaders that his administration prioritises the welfare of workers, adding that “society depends on the productivity of happy workers”. Festus Osifo, TUC president, said the rising inflation in the country has eroded the value of the naira.Over the past few months, labour unions, federal and state governments, and the private sector have been deliberating on a new minimum wage.The NLC and TUC had proposed N494,000 as the new national minimum wage, citing inflation and the prevailing economic hardship in the country, while rejecting the federal government’s proposed N60,000 minimum wage offer.

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