BREAKING: FG Proposes New Minimum Wage

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The Bola Ahmed Tinubu-led Federal Government has increased its offer of a new national minimum wage to N62,000.

Recall that organised labour has reduced its demand from N494,000 to N250,000.

 

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Already the Tripartite Committee on New National Minimum Wage has adjourned as there was no consensus at the meeting.

 

The organised private sector also backed the government offer of N62,000, Vanguard reports.

However, the organised labour is proposing a N250,000 which is a shift from its earlier N494,000.

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This brings to and end the deliberations on the new minimum wage by the tripartite committee set up by the the Federal Government after several months.

The recommendations will be forwarded to President Tinubu, who is expected to send an executive bill to the National Assembly for legislative action.

More to come…

 

 

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