President Bola Tinubu.
…. Tinubu to consult governors, stakeholders on minimum wage..
President Bola Ahmed Tinubu has requested additional time to consult extensively on determining the new minimum wage for public sector workers.
This announcement came during the Federal Executive Council (FEC) meeting on Tuesday, where the issue was up for discussion.
Minister of Information and National Orientation, Mohammed Idris, disclosed this development while addressing State House Correspondents. He explained that the proposal was temporarily set aside to allow for broader consultation with various stakeholders, including local government areas, states, and the Federal Government.
Idris stated, “A lot of people have been asking me questions pertaining to whether the New Minimum Wage would come up for deliberations today at FEC, especially whether the government was going to have a position on the new wage.
“Recall that there was a report from the tripartite committee, comprising the Nigeria Labour Congress and Trade Union Congress, the Organised Private Sector and the government representatives, these three make up the tripartite committee that discussed on the new minimum wage. They have forwarded a report to the President which he has gone through.
“But consistent with the way it should be done, I want to inform Nigerians that FEC deliberated on that because the new national minimum wage is not just the decision of the Federal government.
“That memo was stepped down to enable Mr President consult further so that he can have an informed position on what to do. This decision was taken because it affects the States, LG and the Federal Government.”
Idris’s comments underscore the complexity of setting a new minimum wage, which requires input from multiple layers of government and stakeholders. The tripartite committee, consisting of representatives from the Nigeria Labour Congress, Trade Union Congress, the Organized Private Sector, and the government, has already submitted a report on the new wage proposal to President Tinubu. However, the President believes that further consultation is necessary to reach a well-informed decision.
The FEC’s deliberation on the minimum wage issue reflects the government’s commitment to a thorough and inclusive decision-making process. By consulting widely, the President aims to ensure that the new minimum wage is fair and sustainable across all levels of government. This approach also highlights the importance of considering the financial implications for local and state governments, in addition to the federal level.
The temporary deferment of the memo demonstrates the government’s recognition of the need for a collaborative approach in addressing wage issues. This method not only seeks to balance the interests of workers but also aims to maintain economic stability.
The decision to step down the memo allows the President to gather more comprehensive feedback from various stakeholders, ensuring that the final decision is well-rounded and considerate of all parties involved.
President Bola Ahmed Tinubu’s request for more time to consult on the new minimum wage stresses the government’s commitment to a careful and inclusive decision-making process. By involving multiple stakeholders and considering the broader implications for all levels of government, the President aims to ensure that the new wage is equitable and sustainable.
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