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The Minister of Finance, Wale Edun, has submitted the estimated value implications of implementing a brand new nationwide minimal wage to President Bola Ahmed Tinubu
Intel Area reported earlier that Edun submitted the projected value implications of implementing a brand new nationwide minimal wage to Tinubu.
Edun, together with the Minister of Price range and Nationwide Planning, Atiku Bagudu, offered President Tinubu with the price implications of the brand new minimal wage in his workplace on the presidential villa in Abuja.
In keeping with Western Publish, the brand new proposal suggests a minimal wage of N105,000 (roughly $220) monthly for Nigerian employees.
Tinubu is at the moment reviewing this proposal, and an official announcement is anticipated quickly.
Recall that there was a disagreement between organised labour and the federal government over the implementation of the nationwide minimal wage. Whereas organised labour is asking for a wage of N494,000, the federal government mentioned it could pay N60,000.
Nonetheless, following the declaration of an indefinite nationwide strike – which commenced on Monday and was relaxed for one week – the federal government dedicated to pay above N60,000.
The Commerce Union Congress (TUC) President, Comrade Festus Osifo, famous that there was no new growth or supply from the federal government.
“The federal government is but to current something to us. What we have now been discussing are ideas however no new template but,” he mentioned.
When quipped on if there was a suggestion past N60,000, he acknowledged that such a suggestion was not on the desk
“The federal government is but to current any new supply to us; we’re solely hoping that by the point we come again tomorrow, one thing concrete will likely be out there,” he mentioned.
“They’re solely speaking about ideas and what’s wanted to work however nothing new but on the minimal wage.”
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