BREAKING: Tinubu gives Finance Minister Wale Edun 48 hours to present new minimum wage template

BREAKING: Tinubu gives Finance Minister Wale Edun 48 hours to present new minimum wage template

President Bola Ahmed Tinubu has directed the minister of finance and coordinating for the economy, Wale Edun, to come up with the cost implications of an affordable, sustainable, and realistic new minimum wage and present the figures within two days.

Minister of Information and National Orientation, Mohammed Idris, made this known while briefing State House Correspondents after a meeting the negotiation team had with the president at Aso Rock, on Tuesday.

According to him, the president had a meeting with the representatives of the federal government in the negotiation with the labour on the minimum wage.

The minister said the meeting was attended by George Akume, secretary to the government of the federation (SGF); Atiku Bagudu, minister of budget and national planning; Nkeiruka Onyejeocha, minister of state for labour and productivity, and Mele Kyari, group chief executive officer of Nigerian National Petroleum Corporation (NNPC) Limited.

Idris said the president directed Edun to do the numbers and present the new minimum wage figures within two days, adding that the presentation would form the basis of negotiation.

The minister said Tinubu is committed to accepting the resolutions of the tripartite committee on the new minimum wage.

He added that the federal government is not against an increase in the minimum wage but wants to ensure that its promises are fulfilled.

“We were all there to look at all issues, and the president has directed the minister of finance to do the numbers and get back to him between today and tomorrow so that we can have figures ready for negotiation with labour.

“Let me say that the president is determined to go with what the committee has said, and he’s also looking at the welfare of Nigerians. The government is not an opponent of labour discussions or wage increases.”

The minister said the president directed that the committee should work together to give Nigerians an “affordable, sustainable, and realistic” minimum wage.

“All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable, sustainable, and also realistic,” he said.

Earlier, organised labour suspended the indefinite strike action for one week to negotiate with the federal government on a new minimum wage.

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) had declared an indefinite strike, which started on Monday, over the failure of the federal government to meet their minimum wage demand.

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