More
    HomeForeignFinance Minister Edun Submits Minimum Wage Cost Analysis to President Tinubu

    Finance Minister Edun Submits Minimum Wage Cost Analysis to President Tinubu

    Published on

    By Milcah Tanimu

    Following a 48-hour ultimatum from President Bola Tinubu, Finance and Coordinating Minister of the Economy Wale Edun submitted the projected cost implications of implementing a new national minimum wage on Thursday.

    The report, delivered just two days after President Tinubu’s directive, outlines various potential new minimum wage levels and the anticipated fiscal impacts on the federal budget for each option.

    This move comes in response to the recent nationwide strike by Organized Labour, which took place on Monday and Tuesday, demanding an increased minimum wage for government workers. Among other demands, the labour unions also called for the reversal of the recently increased electricity tariffs.

    The industrial action was temporarily suspended for five days by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) after an agreement with the federal government to resume negotiations and establish a new minimum wage within a week.

    Latest articles

    NEMA, Bayelsa SEMA, state holders unite to tackle impending flood

      The National Emergency Management Agency, (NEMA), Bayelsa State Emergency Management Agency (BYSEMA) and disaster...

    Nigerian doctors declare a 5-day nationwide warning strike,effective September 12

      The National Association of Resident Doctors has declared a five-day warning strike starting from...

    2024 budget 80% implemented — Edun

      The Minister of Finance, Wale Edun, on Wednesday disclosed that about 80 per cent...

    Insecurity: Kogi Senator appeals for calm says govt committed to flushing out criminals from state.

      Olu Samuel The Senator Representing Kogi West Senatorial District in the National Assembly, Sen. Sunday...

    More like this

    NEMA, Bayelsa SEMA, state holders unite to tackle impending flood

      The National Emergency Management Agency, (NEMA), Bayelsa State Emergency Management Agency (BYSEMA) and disaster...

    Nigerian doctors declare a 5-day nationwide warning strike,effective September 12

      The National Association of Resident Doctors has declared a five-day warning strike starting from...

    2024 budget 80% implemented — Edun

      The Minister of Finance, Wale Edun, on Wednesday disclosed that about 80 per cent...