President Bola Tinubu yesterday gave marching orders to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to prepare the cost implications of a new minimum wage and present an affordable, sustainable and realistic figure today.
He also directed those involved in the negotiation to expedite action, so that everything on the new minimum wage could be concluded as soon as possible.
You will recall that the Federal Government had given offers of N48,000, N57,000 and N60,000, which Labour rejected and embarked on an indefinite nationwide strike on Monday but suspended yesterday.
President Tinubu gave the order when he summoned the Federal Government’s representatives in the tripartite committee on new minimum wage to a meeting in his office yesterday.
Speaking after the meeting, Minister of Information and National Orientation, Mpohammed Idris, said the meeting was summoned by President Tinubu to look at the contentious issues and find amicable solutions
