President Bola Tinubu has provided insights into the forthcoming minimum wage for Nigerian workers, assuring that the proposed wage structure will be practical, sustainable, and implementable across all layers of government.
Speaking in an interview with TheNations, Tinubu acknowledged the severe impact of the economic crisis on Nigerians and outlined proactive steps taken by his administration to alleviate the challenges.
Despite the current cost-of-living crisis caused by inflation, high petrol prices, and currency devaluation, Tinubu emphasized his administration’s commitment to supporting businesses, ensuring the availability and affordability of staple foods, and providing financial support to households.
On the planned new minimum wage, Tinubu assured that the federal government had approved a provisional increase to N35,000 per month for a six-month period, with two months already paid.
“To address this, my administration has approved a provisional increase in the federal minimum wage to N35,000 per month for a six-month period, two months of which have already been paid. This decision follows extensive consultations with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).” He said.
He acknowledged concerns about state capacity to implement the new wage and emphasized ongoing dialogues with labor unions and state governments.
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