The Federal Executive Council (FEC) decided on Tuesday to defer the memorandum on the Tripartite Committee’s report regarding a new national minimum wage.
This decision aims to allow for further consultations among President Bola Tinubu, state governors, local government authorities, and the private sector, as announced by Minister of Information and National Orientation, Mohammed Idris.
Idris emphasized that the Federal Government alone cannot determine the national minimum wage.
It requires the input of various stakeholders including state governments, local governments, and the private sector.
Therefore, the President plans to engage these entities to gather their perspectives and circumstances before drafting an executive bill for the National Assembly.
“The Federal Executive Council deliberated on the minimum wage issue and decided to defer the memo to allow President Tinubu to consult further with state governors and the organised private sector,” Idris explained.
“This is to ensure that the new national minimum wage reflects the interests of all involved parties.”
President Tinubu has reviewed the committee’s report and intends to conduct wider consultations before making a final submission to the National Assembly.
The Tripartite Committee, established in January, proposed raising the minimum wage from N30,000 to N62,000. The committee includes representatives from the government, organised labour, and the private sector.
However, organised labour groups, namely the Nigeria Labour Congress and the Trade Union Congress, have been advocating for a N250,000 living wage.
This FEC decision follows a statement by NLC President Joe Ajaero, who noted that the labour groups had expected the President to engage with the Tripartite Committee to reconcile differing figures, especially after the committee’s recent stalemate.
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