Read the new minimum wage figure Minister of Finance submitted to Tinubu

Wale Edun, the Minister of Finance, has submitted a new minimum wage template to President Bola Ahmed Tinubu.

Recall that the President told the minister of finance, Edun, on Tuesday, June 6, to work up agreeable figures that would be realistic and acceptable to all the Tripartite Committee on New National Minimum Wage representatives and present a report to him within two days.

The federal government, at a meeting hosted by the Secretary to the Government of the Federation (SGF), George Akume, on Monday, had revealed in a resolution drawn at the end of the meeting that Tinubu is committed to paying a national minimum wage that is above ₦60,000.

The federal government and the Organized Private Sector had presented N60,000 as the new minimum wage but it was rejected by the organized labour.

The tripartite committee meeting stalled on Wednesday because the federal government was yet to present a new figure, which ought to be the outcome of Minister Edun’s task, as instructed on Tuesday by the President.

Concerning what was discussed in the meeting with the President on Thursday and responding to journalists’ the Minister of Finance, simply said: “There is no cause for alarm.”

The Minister proposed to Tinubu N105,000 as a new minimum wage for workers.

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