President Bola Ahmed Tinubu says an executive bill on a new national minimum wage will soon be sent to the national assembly.
The President stated this as part of his national address to commemorate June 12 democracy day.
Tinubu said the new national minimum wage when agreed upon will be enshrined, incorporating it into Nigeria’s legislation for the ensuing five years.
The President emphasised the place of reasoned discussion and principled compromise saying they are the hallmarks of democracy.
He assured that the approach deployed to dialogue with Organised labour will continue to animate his policies and interaction with the key constituent of Nigeria’s political economy.
“In this spirit, we have negotiated in good faith and with open arms with organized 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.
“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.
“I take on this vital task without fear or favour and I commit myself to this work until we have built a Nigeria where no man is oppressed,” President Tinubu said.
