After the back to back tussles, the Federal Government and the Organized Labour have finally agreed on N70, 000 as the new minimum wage.
The agreement was reached after the meeting between President Bola Tinubu and the leadership of the Organized Labour as well as some members of the government team on the Tripartite Committee on the new national minimum wage.
Before this time, two different figures were submitted by the Tripartite Committee in its report to the President as a result of the disagreement between the government, the private sector and the organized labour.
Speaking to State House correspondents after the closed door meeting with the President,
The Minister of Information and National Orientation, Mohammed Idris, speaking to State House correspondents on the development said, “Today’s a happy day for Nigeria. You recall that last week we had a meeting here and the organized, private sector and the sub-nationals have also held their various meetings with Mr. President following the submission of the tripartite agreement to Mr. President.
“Labour came last week. They had meeting with Mr. President. They asked for adjournment for a week to go and consult further. They did those consultations. They have come back today and we have met with Mr. President.
“We’re happy to announce today that both the federal government and organized Labour have agreed on an increase on the N62,000. The new national minimum wage that we expect us to submit to the National Assembly for legislation is N70,000.
“But that is not all. There is also a boost like Mr. President has assured to ensuring that massive investment is going to be made in the area of infrastructure. There is also a deepening of the investment of the federal government in renewable energy.
“More money is going to go into the acquisition of more buses, the CNG buses, Nigeria is going to be more CNG compliant, according to the President.
“We’re moving in this transition to renewable and all other things that Mr. President has assured Labour the issue of ASUU (Academic Staff Union of Universities), SSANU (Senior Staff Association of Nigerian Universities) and NASU (Non-Academic Staff Union of Educational and Associated Institutions) is also going to be looked at.
“And we are happy, we are very thankful of the role that the organized labour has played today. They recognized the federal government’s role in ensuring that we have the local government autonomy, and also ensuring that both the organized Labour and the government are on the same page today.
“They have seen the magnanimity of the President and today the leadership of Laborur said they didn’t come here for negotiation, not at all, they came here in that deep sense of patriotism to ensure that Nigeria remains united, Nigeria becomes more prosperous and it is in that spirit, that they are in agreement with what the federal government has done today.
“We want to thank labour for their patriotism. We also want to thank Mr President, the federal Government, the sub-nationals and organized private sector for going through this painstaking effort but also ensuring that at the end of the day Nigeria is the winner for it all.”
The Minister of State for Labour and Employment, Nkeiruka Onyejeocha also stated that President Tinubu has always shown that he would not disappoint the country which he has exhibited.
Recalling that Labour met with the President last week, she happily said, “And of course, at the end of the day, the consultation came, very fruitful because the President said he has to be a father. That it is not the issue of the law of who is right, or who will blink the first, that he is our Father, like he has always said.
“That we should end the issue of give me N1000, add N1000 and all that. That, first and foremost, that the review of this minimum wage policy has to be reduced to three years, that five years is too long a time to get any minimum wage review that’s not very healthy.
“And as of course, that Labour should look at the indices of the economy and accept N70,000, minimum wage, and, of course, that it has to be reviewed every three, years. Not more than that, of course, so that we’re able to evaluate and see whether our economy is picking up, or whether something has to be done further, considering the sensitivity of the issue.
“And, of course, he promised and asked that the Minister of Finance and Coordinating Minister of the economy and the Minister of Budget and Economic Planning, should make sure that they go back to the books, because he has the discretion to look into the issue ot SSANU, NASU and all that, so that their money should be paid.
“And they should work out the modalities, whether it’s 50%, or whatever, but that he has given that waiver to be paid, because of course, that was an issue of ‘no work, no pay’, and that that issue has to be led to a rest.”
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