Minimum Wage: No Reason to Worry, Edun Declares Following His Meeting with Tinubu

Regarding the current talks between organized labor and the Tripartite Committee on the new minimum wage for workers in the nation, Wale Edu, the Minister of Budget and Economic Planning, states that “there is no cause for alarm”.

Following their Thursday meeting at the Presidential Villa in Abuja, the minister disclosed this.

Following the President hosting a group from the International Finance Corporation (IFC), a member of the World Bank Group, headed by Managing Director Makhtar Diop, at the Villa, Edun and his counterpart Atiku Bagudu, the head of Budget and Economic Planning, met with Tinubu.

Edun, Bagudu, Mohammed Idris, the Minister of Information, Zaccheus Adedeji, the Chairman of the Federal Inland Revenue Service (FIRS), Femi Gbajabiamila, the Chief of Staff to the President, and Ajuri Ngelale, the Special Adviser to the President on Media, attended the IFC meeting.

It was said that Edun and Bagudu met with the president following the meeting.

On Tuesday, the President ordered the finance minister two days to prepare data for the new national minimum wage presentation to organized labor at the Tripartite Committee meeting.

While the TUC and the NLC insisted they were not obsessed with their N494,000 demand, the President had also declared his commitment to a salary exceeding N60,000.

“There is no cause for alarm,” Edun assured journalists when questioned about developments on the new minimum wage formula.

After agreeing with the Federal Government that talks should continue everyday for one week until a new minimum wage for workers is agreed upon, the organized Labour paused its indefinite strike on Tuesday.