By Olawale Lamina
Following a 48-hour demand made on the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to submit a proposal for minimum wage implementation, the minister has gone ahead to present new national minimum wage options and projected cost implications to President Bola Tinubu.
It would be recalled that on Tuesday, Tinubu directed Edun to present a proposal on new minimum wage figure and analysis of the associated costs within 48 hours.
The minister of finance, accompanied by Mohammed Idris, minister of Information and National Orientation, and Atiku Bagudu, Minister of Budget and National Planning, submitted the report to President Tinubu on Thursday at the presidential villa, Abuja.
In the submitted report, Wale Edun highlighted many potential new minimum wage levels, coupled with the anticipated fiscal impacts of each option on the national budget.
On Monday, organised labour unions, comprising the Nigeria Labour Congress, NLC and the Trade Union Congress, TUC, proposed N615,500 and N494,000 as the new national minimum wage, which the government considered as unrealistic in view of the current inflationary trends in the country. Then, the federal government, later same day, announced that President Tinubu had committed to a national minimum wage higher than N60,000 higher than N60,000
This turned out as one of the major resolutions of the federal government and organised labour following a meeting held in the office of the secretary to the government of the federation on Monday.
Earlier today, members of the tripartite committee, comprising the federal government and labour unions, resumed talks on a new national minimum wage.
As of now, government is yet to come up with a specific amount above the N60,000
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