President Bola Ahmed Tinubu has decided to engage in further consultations before submitting an Executive Bill on the new national minimum wage to the National Assembly.
The Tripartite Committee recommended N62,000, while labor proposed N250,000. Governors expressed concerns about affordability, and the Association of Local Government of Nigeria (ALGON) highlighted revenue challenges.
Minister Mohammed Idris clarified that the decision involves federal, state, and local governments, as well as the organized private sector.
“I want to inform Nigerians here that the Federal Executive Council deliberated on that.
“The decision is because the new national minimum wage is not just that of the Federal Government, but involves state governments, local governments, the organised private sector and organised labour.
“The memo was stepped down to enable Mr. President to consult further, especially with the governors and the organised private sector, before an executive bill is presented to the National Assembly.
“Mr. President is going to consult further so that he can have an informed position.” he said.
