President Tinubu To Set New Minimum Wage Next Week

Comrade Festus Osifo, the president of the Trade Union Congress (TUC), affirms that President Bola Tinubu is planning to announce a new minimum wage for Nigerian workers in the week ahead.

The announcement follows an important discussion over ending fuel subsidies between the federal government and the TUC.

President Tinubu and Minister of Finance Wale Edun had conversations with the federal government, which was represented by Minister of Labor Simon Lalong, over the wage issue.

On Tuesday night, September 19, 2023, Comrade Osifo revealed this while making an appearance on a television program.

“The minister of labour told us that he had an audience with President Bola Ahmed Tinubu and the minister of finance and had reviewed the issue of wage award. But the president asked them to fine-tune the issues before he makes the announcement,” explained the TUC president.

“The minister told us all these issues would be streamlined, but because the president has traveled, we should give him an extra two weeks. We said no; we don’t have an extra two weeks to give. After more discussions, he said the president would make a proper announcement next week,” disclosed Osifo.

Besides the minimum wage, the TUC has engaged with the federal government concerning the distribution of palliatives to states.

Comrade Osifo stressed their commitment to monitoring the fair and effective allocation of these relief measures, noting their desire to scrutinize the implementation template. Additionally, issues related to taxation and Compressed Natural Gas (CNG) were raised during the discussions.