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Minimum Wage: Tinubu To Meet With Organised Labour Thursday

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President Bola Tinubu and Labour Leaders
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President Bola Tinubu will meet with the Organised Labour in Abuja on Thursday to further discussions on a new minimum wage for workers in Nigeria.

A top labour source told Channels Television that the President invited the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to the meeting expected to be held at the Aso Villa in the nation’s capital city.

The President is expected to make a decision on the ₦62,000 proposal of the government and private sector side; as well as the ₦250,000 demand of the Organised Labour.

The Thursday meeting is coming about a month after the President said in his Democracy Day speech on June 12, 2024, that an executive bill on the new national minimum wage for workers would soon be sent to the National Assembly for passage.

On June 25, the Federal Executive Council (FEC) chaired by the President stepped down from consideration and deliberation on the memo on the new minimum wage to allow for more engagement with stakeholders.

Two days after, Tinubu and Vice President Kassim Shettima, at the 141st meeting of the National Economic Council (NEC), met with governors of the 36 states of the Federation and ministers to deliberate on a new minimum wage for workers.

Long Walk To New Wage
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 with contemporary economic demands of workers.

President Bola Tinubu in January set up a Tripartite Committee to negotiate a new minimum wage for workers. The committee comprises the Organised Labour, representatives of federal and state governments as well as the Organised Private Sector.

However, the committee members failed to reach an agreement on a new realistic minimum wage for workers, forcing labour to declare an indefinite industrial action on Monday, June 3, 2024. Businesses were paralysed as labour shut down airports, hospitals, the national grid, banks, National Assembly, and state assemblies’ complexes.

The labour unions said the current minimum wage of ₦30,000 can no longer cater to the well-being of an average Nigerian worker, saying the government should offer workers something economically realistic in tandem with current inflationary pressures, attendant effects of the twin policies of petrol subsidy removal and unification of the forex windows of the current administration.

Labour “relaxed” its strike on June 4, 2024 following assurances from the President that he was committed to a wage above ₦60,000.

Both the Trade Union Congress (TUC) and Nigeria Labour Congress (NLC) leadership subsequently resumed talks with the representatives of the Federal Government, states, and the Organised Private Sector.

On Friday, June 7, 2024, the two sides (labour and the government) still failed to reach an agreement. While labour dropped again its demand from ₦494,000 to ₦250,000, the government added ₦2,000 to its initial ₦60,000 and offered workers ₦62,000.

Both sides submitted their reports to the President who is expected to make a decision and send an executive bill to the National Assembly to pass a new minimum wage bill to be signed into law by the President.

 

 

source: CTV

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Ekiti Bureau Congratulates Oyebanji, Prioritises Curbing Capital Flight

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The Ekiti State Bureau of Local Content has congratulated Governor Biodun Oyebanji on his inauguration for a second term in office, pledging to prioritise efforts to address capital flight and strengthen the state’s economy.

The Bureau, in a congratulatory message issued by its management, and signed by the director of Admin Mr Tope Fasoyin, described the governor’s second-term inauguration as an opportunity to consolidate the achievements of his first tenure and advance policies aimed at promoting sustainable economic development in the state.

 

The agency reaffirmed its commitment to supporting the governor’s vision of retaining more economic resources within Ekiti State through effective implementation of local content policies.

 

It said efforts would be intensified to promote the participation of indigenous businesses in government projects, encourage patronage of locally produced goods and services, and create more opportunities for local contractors, suppliers, and service providers.

 

According to the Bureau, prioritising local content would help reduce capital flight, stimulate indigenous enterprise, create employment opportunities, and ensure that more economic benefits accrue to the people of Ekiti State.

 

The management also pledged to collaborate with relevant stakeholders to ensure that the governor’s economic development agenda is translated into tangible benefits for residents.

 

It expressed confidence that Governor Oyebanji’s second term would bring renewed opportunities for economic growth, investment, and sustainable development across the state.

 

The Bureau wished the governor a successful and impactful second term in office.

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Ekiti Assembly Confirms Apata, Oyebode as Commissioner-Designates, Approves 10 Special Advisers

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The Ekiti State House of Assembly has confirmed the nominations of Mr. Dayo Apata, SAN, and Mr. Akintunde Oyebode as commissioner-designates following their screening during plenary on Wednesday, October 28, 2026.

 

The Assembly also approved the appointment of 10 Special Advisers to support governance across key sectors of the state.

 

The Speaker of the House, Rt. Hon. Adeoye Aribasoye, presided over the plenary, during which the House considered nominations and other legislative matters forwarded by Governor Biodun Oyebanji.

 

According to a statement by the Chairman of the House Committee on Media and Public Affairs, Hon. Babatunde Oke, the two commissioner nominees were allowed to take a bow and leave after the Speaker acknowledged their previous service as commissioners and their familiarity with the legislative process.

 

Aribasoye noted that Apata and Oyebode had appeared before the House on several occasions, either for screening or to present their stewardship accounts, adding that their records were already known to lawmakers.

 

Following the Speaker’s remarks, members unanimously agreed to allow the nominees to take a bow and leave without further questioning. The House subsequently considered and confirmed their nominations.

 

Meanwhile, the screening of another commissioner nominee, Dr. Oyebanji Filani, has been rescheduled to Monday, November 2, 2026.

 

Filani had written to the Assembly to explain his inability to attend the screening scheduled for Wednesday and requested a new date, a request which the House granted.

 

In another development, the Assembly commenced consideration of the 2026 Supplementary Appropriation Bill, with the Leader of the House, Hon. Tolu Ige, leading the debate.

 

After the bill was read for the second time by the Clerk, the Speaker referred it to the House Committee on Finance and Appropriation for further legislative scrutiny. Other relevant committees were also designated to serve as sub-committees in the consideration of the bill.

 

The Assembly said it remained committed to expediting legislative business, including confirmation processes and consideration of bills, in the interest of good governance and service delivery to the people of Ekiti State.

 

The statement was signed by Hon. Babatunde Oke, Chairman of the House Committee on M

edia and Public Affairs.

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Bamidele Urges Lagos, Southwest States to Establish Regional Investment Compact

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Senate Leader, Senator Michael Opeyemi Bamidele
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The Leader of the Senate, Senator Opeyemi Bamidele, has called on the Lagos State Government and other Southwest states to establish a regional development and investment compact to accelerate infrastructure development, economic integration and regional prosperity.

Bamidele made the call on Thursday while delivering a keynote address at the Lagos Physical Planning Summit held at Eko Hotel and Suites, Victoria Island, Lagos, where he proposed a Lagos-Southwest Spatial Development and Investment Compact.

He said Lagos could not secure its long-term prosperity through isolated state planning, stressing that its economy was deeply interconnected with neighbouring states through labour markets, housing, agriculture, manufacturing, transportation, trade and environmental systems.

According to him, the proposed compact would provide a framework for coordinating cross-border infrastructure, developing regional economic corridors, strengthening environmental resilience and mobilising investments in projects that benefit multiple states.

Bamidele urged the Lagos State Government to move beyond treating physical planning as a routine governmental activity and embrace it as a coordinated system for delivering economic value, social welfare, environmental sustainability and regional prosperity.

He explained that achieving this transition would require a change in mindset, stronger institutions, reorganisation of investment priorities and closer alignment between development plans and implementation.

The Senate Leader proposed a collaborative framework involving Lagos, Ogun, Oyo, Osun, Ondo and Ekiti states, alongside relevant federal institutions, planning authorities, infrastructure agencies, private-sector operators, professional bodies and development partners.

He said the framework should prioritise regional transportation networks, complementary economic corridors, cross-border urban planning, environmental resilience and investment mobilisation.

Bamidele also urged Lagos to leverage the emerging digital revolution by expanding broadband infrastructure, smart-city technology, digital services, innovation hubs and technology-driven enterprises, while equipping its workforce with the digital skills required to compete in a changing economy.

He maintained that the future of Lagos would depend not only on the quality of its development plans but also on the determination with which they were financed, coordinated and implemented.

“We must connect physical planning to economic development, infrastructure investment to measurable public benefits, digital innovation to effective governance, and state-level priorities to regional cooperation,” he said.

Bamidele further emphasised the need for capable institutions, predictable regulations, transparent financing, responsible investment and sustained collaboration among governments, the private sector, professional institutions, communities and development partners.

He expressed confidence that a coordinated Lagos-Southwest development framework would strengthen regional economic integration, unlock investment opportunities and promote sustainable development across the six states.

 

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