President Bola Tinubu, on Tuesday, inaugurated the Tripartite National Minimum Wage Committee, tasking the 37-man team to promptly conclude its assignment and bring in its report and recommendations.
President Tinubu, who was represented by Vice President Kashim Shettima, also directed the Bukar Goni Aji-led Committee to ensure their decisions are firmly rooted in social justice and equity.
To guarantee sustainability in all tiers of government, the President said the committee must pay attention to the ability of all parties to pay the new wage, just as he asked the committee members to ensure timely completion of their assignment.
According to the President, the timely conclusion and submission of the report and recommendations of the committee is very important to the take-off of the processes of a new national minimum wage regime.
He, however, informed the committee that he had already instructed the Minister of Finance and Coordinating Minister of the Economy to ensure that the required funding for the assignment is also made available promptly for the team.
He further stressed that the “government’s decision, following the consideration of your final recommendation, will be presented as an Executive Bill to the National Assembly.
Understanding the significance of the assignment as reflected in the composition of the tripartite committee, the President urged all members to take their new task with all seriousness, even as he directed the committee to employ the principles of full consultation with social partners in all of its deliberations.