BREAKING: Finance Minister Submits Cost Implications of Minimum Wage to Tinubu Thursday

  • Two days after being asked by President Bola Tinubu to prepare a new wage template, the minister of finance, Wale Edun, is expected to submit the cost implications today, Thursday, June 6
  • This is as the tripartite committee on new national minimum wage reconvenes on Thursday, June 6
  • Edun had expressed hope that with goodwill from all sides, the country would reach a conclusion that is beneficial to Nigerians and the economy

Fox Nigeria journalist Ridwan Adeola Yusuf has over 9 years of experience covering governance and public journalism.

FCT, Abuja – Wale Edun, the minister of finance, will on Thursday, June 6, submit the the cost implications for a new minimum wage to President Bola Tinubu.

Fox Nigeria earlier reported that talks for a new minimum wage were still in progress.

New minimum wage: All eyes on finance minister to meet deadline

The minister of finance, Wale Edun, is expected to present the cost implications of the proposed wage increase on Thursday, June 6.
Photo credit: @aonanuga1956Source: Twitter

A top labour official who is a labour representative on the tripartite committee on minimum wage explained to The Punch that the template was crucial to the minimum wage negotiation.

Recall that speaking with journalists in Abuja on Tuesday, June 4, Mohammed Idris, the minister of information and national orientation, said President Tinubu directed Edun to do the numbers and present the new minimum wage figures within two days. The two days expire today, Thursday, June 6.

‘Finalise talks’, CACOL boss to FG, labour

Meanwhile, speaking on the long-drawn minimum wage negotiation, Debo Adeniran, the executive director of the Centre for Anti-Corruption and Open Leadership, urged the FG and labour unions to finalise their talks quickly.

Adeniran said:

“The FG and the labour unions should not waste any more time beyond the 48 hours given to the finance minister.

“Everything is already concluded; they need to harmonise their positions based on their capacities to raise resources.”

More to read on minimum wage

Minimum wage: NLC/TUC attacks Akpabio

In a piece of related news, Fox Nigeria reported that the organised labour dismissed claims by senate president Godswill Akpabio, that its recent nationwide strike over the disputed minimum wage amounted to economic sabotage.

According to organised labour, Akpabio’s subtle threat that the senate would move into executive session to address the issue of labour’s strike smacks of contempt for open and transparent debate which ought to be the bedrock of parliamentary proceedings.

Source: Fox Nigeria

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