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Nigerians In Suspense As Edun Submits Minimum Wage Cost To Tinubu



Edun Submits Cost implication of new minimum wage

The Minister of Finance, Wale Edun, has finally submitted the projected cost implications of implementing a new national minimum wage to President Bola Tinubu.

Edun, along with the Minister of Budget and National Planning, Atiku Bagudu, presented President Tinubu with the cost implications of the new minimum wage in his office at the presidential villa in Abuja, on Thursday.

Speaking with State House correspondents after meeting with the President, Edun verified the submission and reassured that “there is no cause for alarm.” reports that Edun’s submission of the cost implication follows a 48-hour ultimatum issued to him by President Tinubu on Tuesday during a meeting with the government negotiation team on the new minimum wage led by the Secretary to the Government of the Federation, Senator George Akume

Other team members at the meeting included the Ministers of Finance, Budget and National Planning, Labour, and Information, as well as the Group Managing Director and Chief Executive Officer of the Nigeria National Petroleum Company Limited. earlier reported that the organised labour, comprising Nigeria Labour Congress and Trade Union Congress, had embarked on a nationwide strike on Monday to demand an increased minimum wage for workers and the reversal of the recently increased electricity tariffs.

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However, the labour union leadership suspended the strike on Tuesday for five days after signing a commitment with the Federal Government to resume negotiations and come up with a new minimum wage within a week.

In an earlier statement on Thursday, the NLC disclosed that they are yet to hear from the FG. See statement below:

“Update: One Week Ultimatum, They have not presented any different thing yet. FG show Workings ooO! no be to dey yarn cho! cho! cho! One week is at the corner already. #We DEMAND A LIVING WAGE NOW!”

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