True New National Minimum Wage Emerges Before Friday, June 7

The true national minimum wage is expected to emerge before Friday, June 7 as the President, Bola Tinubu has directed the Minister of Finance, Wale Edun, to work out the cost Implications of the new minimum wage.
According to the Minister of Information and National Orientation, Mohammed Idris, who spoke to newsmen after a meeting between the federal government and the labour leaders at the Presidential Villa, Abuja today, June 4, all the parties to the negotiation of the new minimum wage would work together with the organised 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.”
Mohammed Idris said that the President had given a marching order that all those who have negotiated on behalf of the Federal government and all those who are representatives of organised private sectors, the sub nationals to come together to have a new wage award that is affordable, sustainable and realistic for Nigerians
“We were all there to look at all issues, and the president has directed the minister of finance to do the numbers and get back to him between today and tomorrow so that we can have figures ready for negotiation with labour. Let me say that the president is determined to go with what the committee has said, and he’s also looking at the welfare of Nigerians.
“The government is not an opponent of labour discussions or wage increases.”
The minister said that the president directed the committee to work together to give Nigerians an “affordable, sustainable, and realistic” minimum wage.
“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.”
Secretary to the Government of the Federation, Senator George Akume, had summoned labour leaders to an emergency meeting after the strike which crippled economic activities yesterday, June 3.
At the end of the meeting, it was announced that the Federal Government had offered to pay higher than N60,000 minimum wage as a result of which the labour unions suspended the Nationwide strike action for a week.