Tinubu directs Minister of Finance to outline minimum wage financial implications

Kunle Sanni

President Bola Tinubu has instructed Minister of FFinance and Coordinating for the economy, Mr. Wale Edun, tto outline the financial implications of a new minimum wage.

According to a report by TheCable Mohammed Idris, the Minister Of Information And National Orientation, Tinubu held a meeting with federal government representatives involved in the negotiations with labour regarding the minimum wage.

This directive indicates a significant step forward by the administration in addressing the issue of minimum wage in the country.

On Monday, the organised labour unions embarked on an industrial strike in which the union members shut down the national grid.

As part of there several meetings with the presidential tripartite committee on minimum wage, Labour leaders had a successful meeting with the Secretary to the Government of the Federation, SGF, George Akume, and other government officials on Monday and reached a resolution that President Bola Tinubu was committed to a new minimum wage higher than N60,000.

They equally resolved that the Tripartite Committee would meet every day for the next one week with a view to arriving at an agreeable National Minimum Wage.

Western Post has also reported that Tinubu on Tuesday met with the labour leaders.