President Bola Tinubu says an executive bill will soon be forwarded to the National Assembly to formalise the new minimum wage agreement between the Federal Government and Organised Labour.
Tinubu disclosed that an agreement had been reached between the government and Labour on the new minimum wage for workers in the country.
The president made this known in his address to Nigerians on the 2024 Democracy Day on Wednesday, June 12.
He said: “In this spirit, we have negotiated in good faith and with open arms with Organised Labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less.
“In the face of Labour’s call for a national strike, we did not seek to oppress or crack down on the workers as a dictatorial government would have done. We chose the path of cooperation over conflict.
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“No one was arrested or threatened. Instead, the labour leadership was invited to break bread and negotiate toward a good-faith resolution.
“Reasoned discussion and principled compromise are hallmarks of democracy. These themes shall continue to animate my policies and interaction with the constituent parts of our political economy.
“I take on this vital task without fear or favour and I commit myself to this work until we have built a Nigeria where no man is oppressed.
“In the end, our national greatness will not be achieved by travelling the easy road. It can only be achieved by taking the right one.”
The Organised Labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) recently said it would not accept the federal government’s offer of N62,000 and the N100,000 minimum wage proposal by some individuals in the country.
The unions demanded N250,000 as the new minimum wage for Nigerian workers.
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