Indications have emerged that President Bola Tinubu may announce the new minimum wage on May 1, in commemoration of the International Labour Day and backdate its implementation to April.
It was gathered that the National Minimum Wage Committee was working to ensure that all negotiations regarding the new rate were finalised before then with the expectation that the President would announce the new minimum wage in his Workers’ Day address.
A member of the committee, who spoke on condition of anonymity, said the amibition is to ensure President Tinubu announces the minimum wage by the first of May.
However, Ajuri Ngelale, President Tinubu’s Special Adviser on Media and Publicity highlighted Tinubu’s commitment to enhancing the Naira’s strength, particularly in anticipation of the implementation of a new minimum wage.
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