Minimum Wage: Give costs to govt today, Tinubu orders Finance Minister

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ABUJA — PRESIDENT Bola Tinubu yesterday gave marching orders to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to prepare the cost implications of a new minimum wage and present an affordable, sustainable and realistic figure today.



According to him, the government’s new offer must be ready today as the basis of negotiation with organised labour.   He also directed those involved in the negotiation to expedite action, so that everything on the new minimum wage could be concluded as soon as possible.

Recall that the Federal Government had given offers of N48,000, N57,000 and N60,000, which Labour rejected and embarked on an indefinite nationwide strike on Monday but suspended yesterday.

Tinubu gave the order when he summoned the Federal Government’s representatives in the tripartite committee on new minimum wage to a meeting in his office yesterday.

Those at the meeting with the President were the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the Minister of Budget and National Planning, Atiku Bagudu; the Minister of State for Labour and Employment, Nkeiruka Onyejeocha; Minister of Information and National Orientation, Mohammed Idris; and GMD/CEO, of the Nigeria National Petroleum Company limited, CEO, NNPCL, Mele Kyari.

Speaking after the meeting, the Minister of Information and National Orientation, Mohammed Idris, said the meeting was summoned by President Tinubu to look at the contentious issues and find amicable solutions to them.

On how the Federal Government’s team had been negotiating with the organized labour and if the issue could be resolved within the next seven days, the minister said: “It has been quite challenging but we thank God that we are at this point. We thank labour that its leaders have suspended the strike early this morning (yesterday).

“On government’s side, the President has just summoned a meeting of all those negotiating on behalf of the Federal Government, led by the Secretary to the Government of the Federation, SGF, and the Minister of Finance was there, the Minister of Budget and Economic Planning. Myself, the Minister of State for Labour, the GMD of the NNPC were all there to look at those issues.


The President has directed the Minister of Finance to do the numbers and get back to him between today (yesterday) and tomorrow (today), so we can have some figures ready for negotiation with labour.


President is determined’

“Let me say that Mr. President is determined to go with what the committee has said. He is also looking at the welfare of Nigerians. Like I have said earlier, government is not an opponent of labour discussions. It is not an opponent of wage increase.

“But what is there is that government is always desirous of ensuring that there is a balance between what government pronouncement is and what realities are on ground and, therefore, will work assiduously to ensure that whatever we do, whatever promises government makes will be kept. That is the idea of this meeting.

“The President has given a marching order to all those who negotiate on behalf of the government and all those also who are representatives of other sectors, the Organized Private Sector, OPS, the sub-nationals come together, so we can have a new wage award that is acceptable, sustainable and also realistic for Nigeria.




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