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FEC Steps Down Minimum Wage Memo For Consultations 

Written by on June 26, 2024

The lingering issue of minimum wage in the country, It seems like its going to be a long wait For Labour as the Federal Executive Council FEC Steps Down Memo.

The Federal Executive Council (FEC) has stepped down from consideration and deliberation on the memo on the new minimum wage to allow President Bola Tinubu to engage in more consultation with stakeholders.

Minister of Information and National Orientation, Mohammed Idris, disclosed this on Tuesday while briefing State House correspondents on the decisions taken at the council meeting.

He said the President has studied the report submitted by the Tripartite Committee on Minimum Wage and would consult further before a final submission on a new national minimum wage to the National Assembly.

Talks for a new minimum wage for Nigerian workers have been on for a while. The Minimum Wage Act of 2019, which made ₦30,000 the minimum wage, expired in April 2024. The Act should be reviewed every five years to meet with contemporary economic demands of workers.

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