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Tinubu says government will only pay affordable minimum wage

Written by on June 13, 2024

President Bola Tinubu is saying that he will approve what is affordable as a new minimum wage, alerting the National Assembly to expect his memorandum on the final settlement.

President Tinubu, who was speaking during the 25th Democracy Day Anniversary Dinner, at the Old Banquet Hall, Presidential Villa, Abuja, says that the amount to be forwarded to the National Assembly will be such that Nigerians can afford.

Recall that at the end of negotiations on Minimum Wage last week Friday, the Federal Government team alongside the Organized Private Sector, had slightly increased the offer to N62, 000 from the initial N60,000, while the Organized Labour also reduced its demand from N494,000 to N250,000.

The government and the Organized Private Sector had at the beginning of the negotiations offered N48,000, while the Organized Labour also started with the demand of N615,000.

But speaking on the matter, President Tinubu told the President of the Senate, Godswill Akpabio alongside his other colleagues at the dinner that the government would do what is expected, but would also pay what it can afford.


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