President Bola Tinubu has directed the Minister of Finance, Wale Edun, to present a new proposed minimum wage figure.
The Minister of Information and National Orientation, Mohammed Idris, disclosed this after a closed-door meeting between the President and government representatives involved in the minimum wage negotiations with organized labour.
Idris said President Tinubu has instructed the Minister of Finance to conduct a thorough analysis of the cost implications and provide an “affordable, sustainable, and realistic figure for the new minimum wage within the two-day timeframe.
President Tinubu has also directed government representatives to work closely with the organised private sector. and the sub-national governments to collectively achieve a new affordable and sustainable wage award for Nigerians.
The Minister of Information assured that all parties involved in the negotiation of the new minimum wage would work together with the organised labour to present a new minimum wage for Nigerians within one week.
