President Bola Tinubu has revealed that a consensus has been reached on the long-debated new minimum wage between the Federal Government and organised labour.
In his national broadcast to mark the 2024 Democracy Day in Abuja on Wednesday, Tinubu revealed that an executive bill will soon be sent to the National Assembly to formalise the new minimum wage agreement.
He stated, “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.”
He emphasised that his administration chose a democratic approach over dictatorship in addressing the demands of labour unions.
“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.
“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,” he said
