JUST IN: Finance Minister Submits Cost Implications Of Minimum Wage To Tinubu Thursday

Wale Edun, the minister of finance, will on Thursday, June 6, submit the the cost implications for a new minimum wage to President Bola Tinubu.

Legit.ng earlier reported that talks for a new minimum wage were still in progress.

A top labour official who is a labour representative on the tripartite committee on minimum wage explained to The Punch that the template was crucial to the minimum wage negotiation.

Recall that speaking with journalists in Abuja on Tuesday, June 4, Mohammed Idris, the minister of information and national orientation, said President Tinubu directed Edun to do the numbers and present the new minimum wage figures within two days. The two days expire today, Thursday, June 6.

Meanwhile, speaking on the long-drawn minimum wage negotiation, Debo Adeniran, the executive director of the Centre for Anti-Corruption and Open Leadership (CACOL), urged the FG and labour unions to finalise their talks quickly.

Adeniran said:

“The FG and the labour unions should not waste any more time beyond the 48 hours given to the finance minister.
“Everything is already concluded; they need to harmonise their positions based on their capacities to raise resources.”

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