As part of his administration’s general plans to ease the pains of inflation on the Nigerian worker, President Bola Tinubu said talks were on with the Organized Labour on the upwards review of salaries.
President Tinubu made the disclosure while addressing a national broadcast at the Presidential Villa, Abuja, saying once the terms were agreed on a new minimum wage, budget provisions would be made to cover the review.
The removal of over four-decade-old petrol subsidy by the President on his swearing-in day has hit the economy with bouts of inflation, which have further strained citizens’ purchasing powers.
He, however, commended organizations in the private sector that have already taken the initiative to increase the general remunerations of their employees.
“In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming.
“Once we agree on the new minimum wage and general upward review, we will make budget provisions for it for immediate implementation.
“I want to use this opportunity to salute many private employers in the Organized Private Sector who have already implemented general salary review for employees,” the President said.