According to President Bola Tinubu, a new minimum salary that the government can afford will be approved.
At a luncheon held in honor of Nigeria’s 25 years of uninterrupted democracy in Abuja on Wednesday, the president made this statement.
In addition to thanking his supporters over the years, Tinubu assured Nigerians that he would not stray from the principles of democratic governance.
“I have to celebrate with you my dear brother, Senate President, Deputy Senate President,” he said, adding that Senate President Godswill Akpabio and his deputy, Jibrin Barau would soon get an Executive Bill from him on the new minimum wage.
“The minimum wage is going to be what Nigerians can afford, what you can afford and what I can afford. Cut your coat according to your size, if you have size at all,” he said.
In addition, the President promised to lower food prices by combating the banditry threat that has driven many farmers off their land.
He also announced that a new minimum wage bill would soon be sent to the National Assembly and encouraged Nigerians to support his administration’s efforts to boost the country’s economy.
Recall that the labor union and the administration were unable to come to a consensus on the new minimum wage last Friday.
The government increased its original N60,000 offer to N62,000 while labor reduced its demand once more, from N494,000 to N25,000.
The President received the findings from all parties and is anticipated to decide and send an executive bill establishing a new minimum wage to the National Assembly.
