President Bola Tinubu has directed the
Minister of Finance, Wale Edun, to present the cost implications for the
proposed new minimum wage within 48 hours. This directive was announced by the
Minister of Information and National Orientation, Mohammed Idris, during a
briefing with State House Correspondents following a negotiation meeting with
the President at Aso Rock.
Idris stated, "All parties involved in
the negotiation of the new minimum wage will collaborate with organized labour
to propose a new minimum wage for Nigerians within one week. We are committed
to working together diligently over the next week to ensure we establish a new
wage that is acceptable, sustainable, and realistic for Nigeria."
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have temporarily called off their strike, which began on Monday, for one week to allow for further negotiations with the Federal Government.
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