BREAKING: Finance Minister, Edun Finally Submits Minimum Wage Cost to Tinubu

• The coordinating minister of the economy, Wale Edun, has submitted the cost implications of implementing a new national minimum wage
• Edun submitted the report to President Bola Tinubu at the presidential villa in Abuja on Thursday, June 6
• The federal government and organised labour have been at a loggerhead over a new national minimum wage

Legit.ng journalist Adekunle Dada has over 5 years of experience covering metro and government policy

State House, Abuja - The minister of finance and coordinating minister of the economy, Wale Edun, has submitted the cost of a new national minimum wage to President Bola Tinubu at the presidential villa in Abuja.

Legit.ng recalls that Tinubu has ordered Edun to present cost implications on the new minimum wage within two days.

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Mohammed Idris, the minister of information and national orientation, said the move was to ensure the figure is ready during negotiation with organised labour.

Edun presented the cost implications of the new minimum wage along with the Minister of Budget and National Planning, Atiku Bagudu on Thursday, June 6.

He assured Nigerian workers that “there is no cause for alarm,” The Punch reports.

The minister stated this while speaking with State House correspondents after meeting with Tinubu.

As reported by Leadership, Edun's report outlines several potential new minimum wage levels along with the anticipated fiscal impacts on the federal budget of each option.

Legit.ng earlier reported that labour said the senators speedily approved the bill seeking for 300 per cent increase for judicial workers' salaries but are yet to do the same for Nigerian workers.

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BREAKING: Finance minister submits cost implications of minimum wage to Tinubu Thursday

NLC asked why senators have not used the same speed to approve a new minimum wage for Nigeria workers

NLC, TUC suspend strike over minimum wage

Meanwhile, Legit.ng reported that the organised labour suspended its nationwide strike after reaching an agreement with the federal government.

The Trade Union Congress (TUC) president, Festus Osifo, disclosed this to journalists, noting that the decision was to allow uninterrupted meetings with the tripartite committee on minimum wage.

The NLC and the TUC had embarked on the strike after negotiations with the government on a new national minimum wage met a brick wall

Source: Legit.ng