President Bola Tinubu has announced that executive bill proposing a new national minimum wage will soon be sent to the National Assembly for approval.
Tinubu stated this in his Democracy Day address on Wednesday, June 12, 2024,
President Tinubu emphasized his administration’s commitment to improving the welfare of Nigerian workers.
In his words, he said: “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.”
This announcement highlights the government’s proactive approach to addressing workers’ concerns and ensuring fair compensation in the face of economic challenges. The proposed bill, once passed, will set the new minimum wage standard and provide a legal framework for its implementation across the country.
The President’s commitment to negotiating with organized labor reflects a broader effort to foster cooperation and ensure that the needs of workers are met. The new minimum wage aims to enhance the living standards of Nigerian workers and promote economic stability.
The forthcoming bill is a significant step towards achieving these goals, and its passage will mark a critical milestone in the government’s ongoing efforts to support and empower the nation’s workforce.
In his speech on Wednesday, he reflected on the nation’s journey from the struggles of military rule to becoming Africa’s most populous democracy.
10 Key Highlights Of President Tinubu’s Democracy Day Speech
● Tribute to Heroes: He pays tribute to the individuals who sacrificed their lives for the nation’s democratic struggle, including MKO Abiola, Kudirat Abiola, General Shehu Musa Yar’Adua, and others.
● Role of Activists and Journalists: Tinubu acknowledges the contributions of pro-democracy activists, journalists, and media establishments in fighting against military dictatorship.
● Democracy as a Way of Life: He emphasizes that democracy is more than just holding elections; it is a way of life that includes freedom of speech, liberty, and peaceful transitions of power.
● Commitment to Democracy: Tinubu vows to protect the rights, freedoms, and liberties of Nigerian citizens and pledges to cement democracy as the nation’s way of life.
● Economic Reforms: He acknowledges the economic challenges facing Nigeria and highlights ongoing reforms aimed at creating a stronger economic foundation for future growth.
● Labour Relations: Tinubu discusses negotiations with organized labour on a new national minimum wage, emphasizing the importance of cooperation over conflict in resolving disputes.
● Principled Leadership: He underscores the importance of reasoned discussion and principled compromise in democratic governance.
● Call to Action: Tinubu urges Nigerians to embrace the challenges of the future and to continue moving forward together toward progress and prosperity.
● Preservation of Democracy: He calls on citizens to keep the fire of democracy burning and to preserve it for future generations, ending with a blessing for the Federal Republic of Nigeria and a wish for a Happy Democracy Day.
