Economy And Business

BREAKING: President Tinubu Announces Date To Transmit Minimum Wage Bill To NASS

The transmission of the Executive Bill to the National Assembly will be after the President meets with the leadership of the Organized Labour on Thursday.

President Tinubu has announced the date to transmit the new minimum wage bill to the NASS.

 

NewsOnline Nigeria reports that President Bola Tinubu is set to transmit the New National Minimum Wage bill to the National Assembly next week.

The transmission of the Executive Bill to the National Assembly will be after the President meets with the leadership of the Organized Labour on Thursday.

 

This Nigeria news platform recalls that President Tinubu met with the leadership of organized labour consisting of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) on Thursday last week over the minimum wage issue.

 

ALSO: President Tinubu Sacks Olufemi Adekanmbi Over Criticism

 

The Tripartite Committee of the new National Minimum Wage had submitted two separate figures to the President following the disagreement among the different stakeholders.

 

While the government team and the organized private sector had offered ₦62,000, NLC and TUC insisted on ₦250,000.

 

President Tinubu upon the receipt of the committee’s report, had promised to meet with the relevant stakeholders to harmonize the figure before transmitting the executive bill to the National Assembly.

 

The Minister of Information and National Orientation, Mohammed Idris, while briefing the State House correspondents at the end of the Federal Executive Council (FEC) meeting, said that the President will transmit the executive bill after the meeting with the organized labour on Thursday.

 

He also stated that the executive will send what he described as an amendment to the 2024 budget to the National Assembly.

 

According to him, the amendment would take care of the new minimum wage among other things.

NewsOnline Nigeria

Recent Posts

  • Economy And Business

Why Financial Readiness for Nigerian Nano-SMEs is Non-Negotiable By Ivie Abiamuwe

Nigeria’s economic resilience has historically been driven by its nano and micro-enterprises, ranging from roadside…

1 hour ago
  • Top Stories

‘We Shouldn’t Have Fought Ourselves’ — Obasanjo Reflects on Nigerian Civil War

Former President Olusegun Obasanjo has said Nigerian troops should not have fought Biafran soldiers during…

2 hours ago
  • 2027 Election
  • Politics
  • Top Stories

APC Disqualifies Fubara Loyalists, Clears Wike-Backed Lawmakers Ahead of 2027 Primaries

APC has disqualified Fubara Loyalists and cleared Wike-backed Lawmakers ahead of 2027 Primaries in Rivers.…

2 hours ago
  • 2027 Election
  • Headline

BREAKING: Atiku Warns Opposition Against Zoning Presidential Ticket to South In 2027

Atiku has warned the opposition against zoning presidential ticket to South in 2027.   NewsOnline…

2 hours ago
  • Brands & Marketing

FirstHoldCo Posts N321bn Profit as Q1 Gross Earnings Hit N942bn

FirstHoldCo posted N321bn profit as Q1 gross earnings hit N942bn.   NewsOnline Nigeria reports that…

15 hours ago
  • Opinion

Power Without Purpose: Nigeria’s Endless Cycle of Recycled Leadership and Public Suffering

In Nigeria today, political power increasingly appears less about service to the people and more…

15 hours ago