President Bola Tinubu has directed and given the Minister of Finance, Wale Edun, a 48-hour ultimatum to come up with the cost implications of the new minimum wage. This was disclosed by the Minister of Information and National Orientation, Mohammed Idris.

Idris stated this while briefing State House Correspondents after a meeting the negotiation team had with the President at Aso Rock on Tuesday, 4 June 2024.

He said: “All parties to the negotiation of the new minimum wage would work together with the organized labour to present a new minimum wage for Nigerians in one week. All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable, sustainable, and also realistic.”

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), had earlier today 4 June 2024 suspended the strike action which began on Monday, 3 June 2024 for one week, to enable further negotiations with the Federal Government.

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