Minimum Wage: Compile figures, get back to me immediately, Tinubu orders Finance Minister

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PRESIDENT Bola Tinubu on Tuesday gave a marching order to the Minister of Finance and Coordinating Minister of the economy, Mr Wale Edun, to come up with cost Implications on the new minimum wage and present an affordable, sustainable and realistic figure within two days.

—Says FG needs to get figures ready for negotiation with labourPRESIDENT Bola Tinubu on Tuesday gave a marching order to the Minister of Finance and Coordinating Minister of the economy, Mr Wale Edun, to come up with cost Implications on the newThe President also directed the Minister of Finance to present the new minimum wage figures within two days to form a basis of negotiation with the Organised labour.

Speaking after the meeting, the Minister of Information and National Orientation, Mohammed Idris, said that the meeting was summoned by President Tinubu toAsked how they have been negotiating with the organized labour and how sure he was that within the next seven days they would arrive at a lasting solution, the Minister said, “It has been quite challenging but we thank God that we are at this point. We thank labour that they suspended their strike early this morning.

“Let me say that Mr. President is determined to go with what the committee has said. He’s also looking at the welfare of Nigerians. As I’ve said earlier, the government is not against it, it’s not an opponent of labour discussions. It’s not an opponent of wage increases. “A wage award is not just that of the federal government as I mentioned earlier, the sub-nationals are involved, the organized private sector is involved, labour is involved. It was a labour that stepped out during those proceedings now that we have come back to the negotiating table.

Following the effectiveness of the strike, Secretary to the Government of the Federation, SGF, Senator George Akume met in his office with the NLC President, Comrade Joe Ajaero and the Trade Union Congress, TUC, President, Comrade Festus Osifo alongside other representatives of the labour movement.

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