President Tinubu Sets 48-Hour Deadline for Finance Minister to Propose New Minimum Wage

In a decisive move, President Bola Tinubu has instructed Finance Minister Wale Edun to swiftly assess the cost implications of the proposed new minimum wage. The clock is ticking, with just 48 hours to present an affordable, sustainable, and realistic figure. This directive comes as the administration seeks to resolve the longstanding issue surrounding minimum wage adjustments.

The closed-door meeting between the president and government representatives involved in the negotiations with organized labor led to this urgent call for action. Tinubu emphasized the need for a thorough analysis, balancing the welfare of Nigerians with fiscal realities. The finance minister is now tasked with “doing the numbers” to ensure a fair and workable solution.

Furthermore, President Tinubu has urged collaboration with the private sector and sub-national governments to collectively achieve a new wage award that benefits all Nigerians. As the deadline looms, the nation awaits the outcome of this critical assessment.

Meanwhile, organized labor has temporarily suspended its nationwide strike, creating a conducive environment for further negotiations. The goal remains clear: a sustainable wage that uplifts workers while considering economic constraints.

Stay tuned for updates as the clock ticks down on this pivotal decision.