Wale Edun, minister of finance and coordinating minister of the economy, has submitted new national minimum wage options and
projected cost implications to President Bola Tinubu.
On Tuesday, Tinubu directed Edun to present a proposal on new minimum wage figure and analysis of the associated costs within 48 hours.He was accompanied by Mohammed Idris, the minister of information and national orientation, and Atiku Bagudu, minister of budget and national planning.In the report, Edun outlined several potential new minimum wage levels, along with the anticipated fiscal impacts of each option on the federal budget.
This move is a crucial step in the ongoing process of determining a new national minimum wage, which has been a topic of discussion recently.as the new national minimum wage, which the government said was unrealistic.
Earlier today, members of the tripartite committee, comprising the federal government and labour unions, resumed talks on a new national minimum wage.Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!
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