President Bola Tinubu has said that he would approve a new minimum wage that the government can afford.
The President who said this on Wednesday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja, thanked those who stood by him over the years, promising Nigerians that he won’t depart from the tenets of democratic governance.
“I have to celebrate with you my dear brother, Senate President, Deputy Senate President,” he said, adding that Senate President Godswill Akpabio and his deputy, Jibrin Barau would soon get an Executive Bill from him on the new minimum wage.
“The minimum wage is going to be what Nigerians can afford, what you can afford and what I can afford. Cut your coat according to your size, if you have size at all,” he said.
Recall that the government and the labour last Friday, failed to reach an agreement on the new minimum wage.
While labour again dropped its demand from N494,000 to N250,000, the government added N2,000 to its initial N60,000 and offered workers N62,000.
The President also pledged to bring down the prices of food items by tackling the menace of banditry that has forced many farmers away from their farms..