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The Tripartite Committee on National Minimum Wage has submitted its highly anticipated report to the Secretary to the Government of the Federation (SGF), marking a significant milestone in the quest to determine a new minimum wage for Nigerian workers.
The Director of Information and Public Relations in office of the SGF, Segun Imohiosen, disclosed this in a statement issued on Monday in Abuja.
The report, which was submitted on Monday, will be formally presented to President Bola Tinubu upon his return from the International Labour Organisation (ILO) Conference in Geneva, Switzerland. The President is expected to review the report and take appropriate action, which may include sending an executive bill to the National Assembly for legislative action.
The Tripartite Committee, which was inaugurated by President Tinubu on January 30, 2024, comprised 37 members representing the Federal Government, organised labour, and the organised private sector. The committee was tasked with recommending a new national minimum wage for workers in both the public and private sectors.
After months of deliberations and negotiations, the committee recommended a new minimum wage of N62,000, a significant increase from the current wage. However, organised labour is proposing a higher minimum wage of N250,000, although this is a reduction from their initial demand of N494,000.
The Secretary to the Government of the Federation, Senator George Akume, commended the Chairman of the Committee, Bukar Goni Aji, and members for their commitment and sacrifices in completing the assignment.
The SGF’s office expressed appreciation for the efforts of all stakeholders involved in the process.
The submission of the report marks a crucial step towards resolving the minimum wage debate, which has been a contentious issue in Nigeria for some time.
The Federal Government’s decision to establish a tripartite committee to review the minimum wage reflects its commitment to ensuring fair compensation for workers and promoting economic growth
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