Tinubu, in a televised address to Nigerians on Wednesday, June 12, monitored by TimesNow.com.ng, said what will be sent to the national assembly as the new minimum wage was what has been agreed upon with organised labour.
However, the president did not announce the new minimum wage. The Tripartite Committee, comprising the federal government team, organised labour and the private sector, have agreed on N62,000, which was tabled before him.
If the president was referring to what has been tabled before him, that means the new minimum wage will be pegged at N62,000.
In his address to Nigerians on Democracy Day on Wednesday morning, the president disclosed his conclusion on the new minimum wage and the plan to forward the Tripartite Committee report to the national assembly.
During the speech, Tinubu said the country’s economy had been in desperate need of reform for decades, and unbalance existed because of its flawed foundation, which is the overreliance on revenues from oil exploitation.
His statement reads in part:
Source: TimesNow.com.ng
