The Federal Executive Council (FEC) has stepped down consideration and deliberations on the memo on the new minimum wage to allow President BOLA TINUBU engage in more consultation with stakeholders.
Minister of Information and National Orientation, MOHAMMED IDRIS, disclosed this while briefing State House correspondents on the decisions taken at the council meeting.
He said the President has studied the report submitted by the Tripartite Committee on Minimum Wage and would consult further before a final submission on a new national minimum wage to the National Assembly.
Talks for a new minimum wage for Nigerian workers have been on for a while. The Minimum Wage Act of 2019, which made ₦30,000 the minimum wage, expired in April 2024. The Act should be reviewed every five years to meet up with contemporary economic demands of workers.