Minimum Wage: Wale Edun says “No cause for alarm” after meeting Tinubu

Minimum Wage: Wale Edun says "No cause for alarm" after meeting Tinubu

Following talks with President Bola Tinubu at the Presidential Villa in Abuja on Thursday, Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, reportedly reassured the people, according to the Vanguard report. “There is no cause for alarm,” Mr. Edun said in reaction to the meeting.CONTINUE FULL READING>>>>>

Accompanying the Minister of Finance was the Minister of Budget and Economic Planning, Atiku Bagudu, during the meeting with President Tinubu.

While the specific details of the meeting were not disclosed, it is speculated that the discussion might be related to the recent directive issued by the President on Tuesday. The directive tasked the Minister of Finance with presenting figures to the Tripartite Committee for the new national minimum wage.

The Tripartite Committee’s previous session on Wednesday faced setbacks due to the lack of updated figures presented by the federal government team to the organized labor representatives.

Previously, both the federal government and the Organized Private Sector proposed N60,000 as the new minimum wage; a proposal that was ultimately turned down by the organized labor group.

The government team is expected to unveil a revised figure during the scheduled 2 pm meeting today.CONTINUE FULL READING>>>>>