This followed a 48-hour ultimatum issued to him by the President on Tuesday.
By Deborah Hassan
365Daily -The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national minimum wage to President Bola Tinubu.
This followed a 48-hour ultimatum issued to him by the President on Tuesday.
The directive was sequel to a strike action by Organised Labour on Monday and Tuesday to demand for a new minimum wage for the government workers, as well as reversal of the recently increased electricity tarrifs.
Organised Labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) suspended the strike on Tuesday after the government agreed to resume negotiations, and come up with a new minimum wage within a week.
The unions had, prior to the strike, proposed a N494,000 minimum wage, while the federal government offered to pay N60, 000. This led to a breakdown in negotiations between the groups and culminated in the strike.