President Bola Ahmed Tinubu indicated that only a sustainable minimum wage would be recommended to the National Assembly for legislative action. The Tripartite Committee concluded its negotiations, recommending a minimum wage of N62,000, agreed upon by federal and state governments, along with the Organised Private Sector (OPS). However, Labour has demanded a significantly higher figure of N250,000.
The recommendation has been submitted to the Secretary to the Government of the Federation (SGF), George Akume. President Tinubu is expected to approve and send the recommendation to the National Assembly as a Bill. At a Democracy Day dinner, the President remarked to Senate leaders that the decision would reflect what Nigeria could realistically afford, emphasizing financial prudence.
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The event saw the attendance of notable pro-democracy activists and top government officials, including Dr. Olisa Agbakoba, Senator Shehu Sani, and George Mba. Vice President Kashim Shettima, alongside other pro-democracy icons, recalled President Tinubu's pivotal role in Nigeria's democratic struggle, adding a historic perspective to the evening.
Dignitaries present included Senate President Godswill Akpabio, Chief Justice Olukayode Ariwoola, and several governors and ministers. The high-profile gathering underscored the significance of the minimum wage issue and highlighted the collective efforts of Nigeria's leadership in addressing the nation's economic challenges.
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