The federal government has proposed the sum of ₦62,000 (sixty-two thousand naira) as the new national minimum wage. This comes after several hours of meeting yesterday between representatives of the federal government, organised private sector and labour leaders. It also follows the submission of cost analysis by the finance minister, Wale Edun to the president, Bola Ahmed Tinubu.
This proposal brings an end to deliberations of the tripartite committee set up by the government to address minimum wage concerns. The committee’s recommendations will now be forwarded to the president, who will then send an executive bill to the National Assembly for approval.
