Tinubu: We Broke Bread With Labour Leaders, Agreed New Minimum Wage

A new national minimum wage has been agreed President Bola Tinubu said on Wednesday morning. According to him the agreement was reached without rancour saying that it was brokered over tea and bread with labour leaders.

Giving insight into the long anticipated new minimum wage, President Tinubu while trying to pass himself off his administration’s considerations of the difficulties in the land said:

“Our economy has been in desperate need of reform for decades. It has been unbalanced because it was built on the flawed foundation of over-reliance on revenues from the exploitation of oil.

“The reforms we have initiated are intended to create a stronger, better foundation for future growth. There is no doubt the reforms have occasioned hardship. Yet, they are necessary repairs required to fix the economy over the long run so that everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour.

“As we continue to reform the economy, I shall always listen to the people and will never turn my back on you.

“In this spirit, we have negotiated in good faith and with open arms with organized labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less.

“In the face of labour’s call for a national strike, we did not seek to oppress or crack down on the workers as a dictatorial government would have done. We chose the path of cooperation over conflict.

“No one was arrested or threatened. Instead, the labour leadership was invited to break bread and negotiate toward a good-faith resolution.”

“Reasoned discussion and principled compromise are hallmarks of democracy. These themes shall continue to animate my policies and interaction with the constituent parts of our political economy.”

GWG.ng reports that the president, however, did not give a clue as to the new minimum wage. It was apparently based on the agreement that labour leaders and the minister of labour, Nkiruka Onyejocha travelled to Geneva, Switzerland for the International Labour Convention.

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