President Bola Tinubu and Vice President Kassim Shettima convened a meeting with the governors of 36 states and key ministers to discuss a new minimum wage and other pressing economic matters.
The 141st National Economic Council (NEC) meeting took place in the Council Chamber of the State House in Abuja on Thursday.
Vice President Shettima chaired the initial part of the meeting, which included state governors, deputy governors, and ministers, before President Tinubu joined the session.
This gathering comes two days after the Federal Executive Council (FEC) postponed a decision on a minimum wage review to allow for further consultations.
On Wednesday, the Nigeria Governors’ Forum (NGF) assured that ongoing negotiations between the government, private sector, and organized labor would result in better wages.
The President, in his Democracy Day speech on June 12, 2024, had pledged that an executive bill for a new national minimum wage would soon be submitted to the National Assembly.
The President is currently considering the government and private sector’s proposal of a N62,000 minimum wage, alongside labor’s demand for N250,000.