President Bola Tinubu has directed Minister of Finance, Wale Edun, to present a new minimum wage template in 48 hours following the agreement reached with organized labour.

Mohammed Idris, Minister of Information and National Orientation made the announcement on Tuesday, June 4, while briefing State House Correspondents after a negotiation team met with the president at Aso Rock.

Idris said;

“All parties to the negotiation of the new minimum wage would work together with the organised labour to present a new minimum wage for Nigerians in one week.

“All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable sustainable and also realistic.”

He also said the President had given a marching order that all those who have negotiated on behalf of the Federal government and all those who are representatives of organised private sectors and the sub-nationals, should come together to have a new wage award that is affordable, sustainable and realistic for Nigerians.