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Finance minister submits minimum wage cost to Tinubu

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Minimum Wage,Tinubu

Relief is on the way for Nigerian workers, as President Bola Tinubu on Thursday received the cost implications of an affordable,

sustainable, and realistic new minimum wage. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, along with his Budget and National Planning counterpart, Atiku Bagudu, presented the report to the President…

Edun confirmed the submission and assured, “There is no cause for alarm” when asked about the figure. Idris also assured of the President’s readiness to accept the committee’s resolutions with Labour, in line with his commitment to the welfare of Nigerians. “And therefore, we will work assiduously to ensure that whatever promises government makes is promise that will be kept that is the idea of this meeting.”

The minister assured that all parties to the negotiation of the new minimum wage will cooperate with organised labour to present a new minimum wage for Nigerians within one week. The Nigerian Electricity Regulatory Commission has warned that there are severe penalties stipulated in the Electricity Act 2023 for the theft of energy.

 

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