Wale Edun Submits Minimum Wage Cost To Tinubu

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has presented the projected cost implications of implementing a new national minimum wage to President Bola Tinubu, as reported by Punch.

Edun, accompanied by the Minister of Budget and National Planning, Atiku Bagudu, met with President Tinubu at his office in the presidential villa in Abuja to discuss the financial implications of the proposed minimum wage.

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Speaking to State House correspondents after the meeting, Edun confirmed the submission and assured that “there is no cause for alarm.”

The submission comes after President Tinubu issued a 48-hour ultimatum to Edun during a meeting with the government negotiation team on the new minimum wage, led by Senator George Akume, Secretary to the Government of the Federation.

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The negotiation team included key ministers such as Finance, Budget and National Planning, Labour, and Information, as well as the Group Managing Director and Chief Executive Officer of the Nigeria National Petroleum Company Limited.

Organised labour, represented by the Nigeria Labour Congress and Trade Union Congress, recently staged a nationwide strike to demand an increased minimum wage and the reversal of increased electricity tariffs.

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However, following negotiations with the Federal Government, the labour unions suspended the strike for five days to allow for further discussions and the formulation of a new minimum wage agreement within a week..……See More

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