Jubilation as President Tinubu speaks on new minimum wages for workers

President Bola Tinubu says the federal government and the labour unions are working to determine a new minimum wage threshold for Nigerian workers.

The president made the announcement during a live broadcast on Monday, July 31, monitored by Legit.ng on Channels Television.

President Tinubu, while addressing Nigerians on the pains that come with the removal of the fuel subsidy, said a new minimum wage is on its way, adding that the Presidential Steering Committee would decide on Palliatives.

The Presidential Steering Committee on Palliatives is a committee that constituted a team of the federal government and representatives of organised labour, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).

During the speech, the president disclosed that once the team agreed on the minimum wage, his administration would make provisions for the review in the budget.

The pronouncement by President Tinubu that "subsidy is gone" on May 29 has hit the country's economy with multiple inflation, which has further mounted pressures on the purchasing power of the people.

In his address, the president commended private organisations that have embarked on increasing their workers' remuneration.

He said: “In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming."