The Nation Newspaper Minimum wage: Tinubu directs Edun to come up with cost implications in 48-hours
President Bola Tinubu has directed the Minister of Finance and Coordinating Minister of the Economic, Wale Edun, to calculate the cost implications of a new national minimum wage.
The meeting, attended by the Secretary to the Government of the Federation George Akume; Minister of Budget and Economic Planning, Atiku Bagudu; Minister of State for Labour and Employment, Nkeiruka Onyejeocha; and the Group Managing Director of the NNPC, Mele Kyari, according to Idris, was aimed at finding a balance between the government’s pronouncements and the economic realities on the ground.
“We were all there to look at those issues and then the President has directed the Minister of Finance to do the numbers and get back to him between today and tomorrow so that we can have some figures ready for negotiation with Labour”, he said.Idris emphasised that the President is committed to a new minimum wage that is acceptable, sustainable, and realistic for all Nigerians, involving not just the federal government but also sub-nationals and the organized private sector.
“The President has given a marching order that all those who have negotiated on behalf of government and those who are representatives of other sectors, the organized private sector and the sub-nationals, come together so that we can have a new wage award that is acceptable, sustainable and also realistic for Nigeria.
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