Minister of Finance and coordinating minister of the economy, Wale Edun has submitted new national minimum wage options and projected cost implications to President Bola Ahmed Tinubu.
Gatekeepers News reports that Tinubu had directed Edun on Tuesday, to present within forty-eight hours, a proposal on a new national minimum wage figure and an analysis of the associated cost.
The minister, therefore, outlined different potential new minimum wage levels, along with the anticipated fiscal impacts of each option on the federal budget on Thursday.
Remember that on June 3, organised labour proposed N615,500 and N494,000 as the new national minimum wage, which the government disagreed with.
The federal government later announced that Tinubu had committed to a national minimum wage higher than N60,000.
The new resolution between the federal government and organised labour followed a meeting held in the office of the secretary to the government of the federation.
Memebers of the tripartite committee have today, resumed talks on the new minimum wage for Nigerian workers.
