Tinubu Suggests a Sustainable Minimum Wage: ₦62,000 or ₦250,000

President Bola Tinubu has revealed that a sustainable minimum wage will be proposed for legislative action by the National Assembly.

This decision follows the conclusion of negotiations, during which the Tripartite Committee suggested a N62,000 minimum wage, while Labour pushed for N250,000.

The recommendation has been sent to Secretary to the Government of the Federation (SGF) George Akume. The President is anticipated to present his approved recommendation as a Bill to the National Assembly.

During the Democracy Day dinner on Wednesday, President Tinubu mentioned that the minimum wage will be determined by the country’s financial capacity.

He said, “Senate President, Deputy Senate President, you’ll get a notice if I’ve changed my mind on minimum wage.

“We’re going to do it; what Nigeria can afford, what you can afford, what I can afford. They ask you to cut your coat according to your size if you have size at all.”

Here is a rephrased version of the text:

Present at the event were dignitaries such as Senate President Godswill Akpabio, Deputy Senate President Jibrin Barau, House of Representatives Speaker Tajudeen Abbas, Deputy Speaker Benjamin Kalu, Chief Justice of Nigeria (CJN) Justice Olukayode Ariwoola, and Secretary to the Government of the Federation (SGF) George Akume.
Additionally, in attendance were National Security Adviser (NSA) Nuhu Ribadu, Chief of Staff to the President Femi Gbajabiamila, Vice President’s wife Nana Shettima, Babagana Kingibe, Chief Pius Akinyelure, Chief Bisi Akande, and Senator Abu Ibrahim.

Among the governors present were:

Hope Uzodinma (Imo), Umo Eno (Akwa Ibom), Lucky Aiyedatiwa (Ondo), Usman Ododo (Kogi), Sheriff Oborevwori (Delta), Uba Sani (Kaduna), Caleb Mutfwang (Plateau), Alex Otti (Abia), and Siminalayi Fubara (Rivers).