In a significant development, President Bola Tinubu has entrusted the responsibility of formulating a comprehensive blueprint for a revised minimum wage to Minister of Finance, Wale Edun.

The directive was issued during a meeting between a Federal Government delegation and the President, where they discussed the pressing issue of the new minimum wage.

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Minister of Information and National Orientation, Mohammed Idris, shared this update during a press briefing in Abuja on Tuesday.

He emphasized that President Tinubu has urged Minister Edun to swiftly crunch the numbers and provide a detailed proposal for further negotiations with the labor unions.

“The President’s unwavering commitment to the recommendations put forth by the committee is evident. He is equally focused on the well-being of Nigerians,” stated Idris.

Moreover, Idris made it clear that the government does not consider itself an adversary to the demands for a wage increase. On the contrary, they are actively engaging with labor representatives to find a mutually beneficial solution.

The Federal Government delegation, comprising Minister Idris, Minister Edun, Secretary to the Government of the Federation George Akume, Minister of Labor Nkiruka Onyejeocha, Minister of Budget and Economic Planning Atiku Bagudu, Chief of Staff to the President Femi Gbajabiamila, and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, participated in the meeting.

Earlier on Tuesday, Organized Labor made the decision to suspend their nationwide strike, which had commenced at midnight on Monday.

In a positive development, Minister Akume had previously assured the public that the President was fully committed to establishing a national minimum wage exceeding ₦60,000.

As the government takes proactive steps to address the issue of minimum wage, President Tinubu’s directive to Minister Edun underscores their determination to find a fair and equitable solution that upholds the welfare of Nigerian citizens.

The proposed comprehensive framework will form the basis for constructive negotiations with the labor unions, paving the way for a brighter future for the Nigerian workforce.