President Tinubu to Make Final Decision on New Minimum Wage

The Minister of Information and National Orientation, Mohammed Idris, has revealed that President Bola Tinubu is expected to make a final decision on the new minimum wage this Thursday. This decision will follow a meeting with the organised Labour, after which the President will determine the amount to be forwarded to the National Assembly.

Federal Executive Council's Deliberations

The Federal Executive Council has already deliberated on the national minimum wage and will be inviting the organised Labour for a meeting this week. According to Idris, President Tinubu is not opposed to increasing the national minimum wage. However, he is exercising caution to avoid plunging the country into a severe inflationary trend.

A Careful Approach

While the President is committed to improving the welfare of Nigerian workers, he is taking a thoughtful approach to ensure that any increase in the minimum wage does not have adverse economic consequences. Further details on this development will be provisded in due course. Stay tuned for updates!