Tinubu holds strategic meeting with Labour over minimum wage Thursday

President Bola Tinubu will meet with organised labour in Abuja to further discuss the new national minimum wage for workers.

The meeting, expected to take place at the Presidential Villa, Abuja, is the first of its kind between the Federal Government and the organised labour after talks on the minimum wage have been on hold since June 7, 2024.

Only last month, the Federal Executive Council (FEC ) stepped down the memo on the new minimum wage to allow the President to consult more with state and local government, including the private sector.

The organised labour rejected the government’s offer of N62,000, insisting on N250,000 after both labour centres, the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC), shifted their ground from the previous N494,000.

Tinubu is expected to take a major decision that will put to rest any concerns about a new minimum wage for workers before an executive bill forwarded to the National Assembly for the 2024 Minimum Wage Act is passed.