There are indications that President Bola Tinubu may announce a new minimum wage on May 1 in commemoration of the International Labour Day.
However, Tinubu might have to backdate its implementation to April.
According to Punch, the National Minimum Wage Committee has been working to ensure that all negotiations regarding the new rate were finalised before then.
A member of the committee, who spoke on condition of anonymity because of the sensitive nature of the issue, said, “By next week, the minimum wage committee will meet again.
“It’s a continuous meeting. That is a meeting where all the reports from the zonal public hearings will be collated and reported, and then, you know, that will also give the committee the direction to work with.
“Our target is to ensure that Mr President announces the minimum wage by the 1st of May, which is the Workers’ Day, for it to take effect from April. So, we are working to meet the timeline.”
