The Federal Executive Council (FEC) has stepped down its consideration of a memo on the new minimum wage – in order to allow President Bola Tinubu to consult with stakeholders.
Minister of Information and National Orientation, Mohammed Idris, disclosed this on Tuesday while briefing Newsmen on the decisions taken at the council meeting.
He said the President had studied the report submitted by the Tripartite Committee on Minimum Wage and would further consultations before a final submission on the new national minimum wage to the National Assembly.
Talks for a new minimum wage for 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 stipulates that the Minimum wage be reviewed every five years to meet with the ever-changing economic demands of workers.