The Minister of Finance, Wale Edun, on Thursday submitted the estimated cost of the proposed new national minimum wage to President Bola Tinubu.
According to Sahara reporters, Edun submitted a proposal of N105,000 to the president as the new minimum wage.
It would be recalled that on June 4, President Tinubu asked that the finance minister, Wale Edun present a new wage template within two days as there was a disagreement between organised labour and the government. While organised labour is asking for a wage of N494,000, the government said it would pay N60,000.
However, earlier today, the Finance Minister, Edun, along with the Minister of Budget and National Planning, Atiku Bagudu, submitted the cost implementation of the new minimum wage to President Tinubu at the presidential villa in Abuja, as the minister revealed afterwards that “There is no cause for alarm.”
It would be recalled that after an indefinite strike action which commenced on Monday, the organised Labour relaxed the strike with immediate effect for one week as the government committed to pay above N60,000.
