President Bola Tinubu has directed the Minister of Finance, Wale Edun, to present the cost implications for a new minimum wage within two days.
Tinubu gave the order at a meeting with the government negotiation team led by the Secretary to Government of the Federation, George Akume, at the presidential villa in Abuja.
The Minister of Information and National Orientation, Mohammed Idris, disclosed this in an interview with correspondents after the closed-door meeting on Tuesday.
Idris said the President had a meeting with the representatives of the Federal Government in the negotiation with the labour on the minimum wage.
He noted, “The president has just summoned a meeting of all those who negotiated on behalf of the federal government led by the secretary to the government of the federation, the minister of finance was there, the minister of budget planning, the minister of information, the minister of budget and national planning, the minister of labour, and the NNPCL GMD.
“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.”
Idris assured of the president’s readiness to accept the committee’s resolutions, noting that “The president is determined to go with what the committee has said, and he’s also looking at the welfare of Nigerians.
“Government is not against or opponent of labour discussions, the government is not an opponent of wage increase but what is there is that government is always there to ensure that there is a balance between what government pronouncement is and what the realities are on the ground.
“And therefore, we will work assiduously to ensure that whatever promises the government makes are promises that will be kept. That is the idea of this meeting.”
Other members of the team with organised labour include; Ministers of Finance, Budget, and National Planning, Labour, Information as well as the group Managing Director and chief executive officer of the Nigeria National Petroleum Company Limited.
Members of the organised labour comprising the Nigeria Labour Congress and Trade Union Congress, on Tuesday, suspended their strike for five days.
The strike which commenced on Monday was called to protest the failure of the Federal Government to approve a new minimum wage by May 31.