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Subsidy: FG to announce new minimum wage

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President Bola Ahmed Tinubu

President Bola Tinubu is reportedly set to announce a new minimum wage for Nigerians.

Comrade Festus Osifo, the president of the Trade Union Congress—TUC, disclosed this while speaking on the outcome of the union’s Tuesday parley with the federal government on the fuel subsidy removal.

TUC had given the government a two-week ultimatum to attend to its demands or risk industrial action from workers across the country.

While speaking on ChannelsTV’s on Tuesday evening, Osifo noted quoted the Minister of Labour, Simon Lalong, to have met with president Tinubu and the minister of finance, Wale Edun on the issue.

Osifo said Lalong told the union that the issue of wage had been reviewed adding that president Tinubu would speak on the matter in the coming days.

“The minister of labour told us that he had an audience with President Bola Ahmed Tinubu and the minister of finance and had reviewed the issue of wage award. But the president asked them to fine-tune the issues before he makes the announcement,” the TUC president said.

“The minister told us all these issues would be streamlined but because the president has travelled we should give him an extra two weeks. We said no; we don’t have an extra two weeks to give. After more discussions, he said the president would make proper announcement next week.”

“We are going to monitor distribution of palliatives in states to make sure the scheme is implemented appropriately. We want to see the template of the implementation that is why we engaged the federal government on this issue. We also raised issues around taxation and CNG (Compressed Natural Gas),” the TUC president added.


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