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Business News of Wednesday, 5 June 2024

Source: www.mynigeria.com

Minister confirms Wale Edun will present new minimum wage template to Tinubu today

Finance Minister, Wale Edun Finance Minister, Wale Edun

The Minister of Information, Idris Mohammed says his counter Wale Edun, the Minister of Finance will present a new minimum wage template to President Bola Ahmed Tinubu on Wednesday, June 5.

Mohammed told journalists in an interview at the State House in Abuja.

This comes after Tinubu ordered the Minister to present a financial plan to be presented and negotiated with labor following a suspension of the nationwide strike for five days.

The president had also agreed to pay a minimum wage above N60,000 to workers.

Reacting to the development, Mohammed said the government is working on a new template to be submitted to the committee.

“The government has just summoned the meeting of all those who negotiated on the federal government led by the Secretary to the Government of the Federation (SGF). The Minister of Finance was there, the Minister of Budget and Economy Planning, myself, and others. We were all there to look at those issues.

“The president has directed the Minister of Finance to do the number and get back to him between today (Tuesday) and tomorrow (Wednesday). So that we can have some figures ready for negotiations.

“Let me say that Mr. President is determined to go with what the committee has said. He is also looking at the welfare of Nigerians. As I said earlier, the government is not an opponent of labour discussion.

“We are not an opponent of wage increase. But What is there is that we are always desirous in ensuring that there is a balance between what government pronouncement is, and what is readily available on ground,” Mohammed added.