On Thursday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with President Bola Tinubu to discuss the ongoing talks about a new national minimum wage. The meeting, held at the State House in Abuja, was also attended by the Minister of Budget and Economic Planning, Atiku Bagudu.
During the meeting, Edun presented a new minimum wage proposal to President Tinubu, meeting the 48-hour deadline previously set for him
SEE ALSO: Minimum Wage Negotiations: Labour Revises Demands Amid Public Concerns
After the meeting, Minister Edun spoke to the press, assuring them that “there is no cause for alarm” but did not provide further details about the discussions.
Sources quoted by WesternPost revealed that the proposed template suggests a new minimum wage of ₦105,000 (approximately $220 USD) per month for Nigerian workers. The source added that President Tinubu is currently reviewing the proposal and an official announcement will be made soon.
Our correspondent reports that the government team may present a new proposal at today’s meeting of the tripartite committee on minimum wage, which includes representatives from the government, organized labor, and the private sector.
The urgency of these orders highlights the government’s commitment to resolving the contentious minimum wage issue, which has repeatedly stalled negotiations.
Previously, the government and the private sector proposed a minimum wage of ₦60,000, which was outrightly rejected by labor representatives. This led to a nationwide strike on Monday that was suspended on Tuesday after interventions resulted in some agreements between the government and labor.
SEE ALSO: Minimum Wage Negotiations: Labour Revises Expectations Amidst Public Debate
