During the 25th Democracy Day Anniversary Dinner, President Bola Tinubu emphasized his commitment to ensuring a fair and sustainable minimum wage for Nigerian workers.
Speaking at the prestigious Old Banquet Hall, Presidential Villa, Abuja, President Tinubu addressed the ongoing negotiations surrounding the minimum wage, signaling his intent to submit a memorandum on the final settlement to the National Assembly.
President Tinubu acknowledged the complexities of the issue, emphasizing the need for a wage that aligns with the economic realities of the nation.
He stated, “We’re going to do what Nigeria can afford, what you can afford, what I can afford.”
The recent negotiations between the Federal Government, the Organised Private Sector (OPS), and organized labor have seen adjustments in proposed figures.
The initial offer of N60,000 was slightly increased to N62,000 by the government and the private sector.
Meanwhile, organized labor revised its demand from N494,000 to N250,000.
These negotiations reflect the ongoing dialogue aimed at finding a mutually acceptable resolution.
President Tinubu’s remarks addressed concerns about the affordability of the proposed wage, echoing the sentiment of “cutting your coat according to your size.”
His commitment to submitting a proposal that reflects the nation’s economic capacity highlights a pragmatic approach to wage regulation.
Additionally, President Tinubu addressed a recent incident where he stumbled while entering the parade inspection vehicle at Eagle Square earlier in the day.
He attributed the mishap to his adherence to traditional Yoruba customs, stating, “Democracy is worth falling for.”
The Democracy Day Anniversary Dinner witnessed the presence of prominent figures from various sectors, including pro-democracy icons and distinguished government officials.
