ABEOKUTA – The Tripartite Committee on the new National Minimum Wage adjourned its meeting on Wednesday to allow the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to meet the 48-hour deadline to present the cost implications of the proposed wage increase.
A source close to the negotiations revealed that the committee, comprising representatives of the Federal Government, Organised Labour and the private sector, discussed general things, details of which he did not disclose
However, the meeting was adjourned on Wednesday to give the Minister of Finance, Edun, the necessary time to compile and present the cost implications of the proposed wage increase, as directed by President Bola Tinubu on Tuesday.
The source stated that the committee is expected to reconvene once the Minister of Finance has presented the cost implications, which will inform the negotiations on the new minimum wage.
The Organized Labour has been pushing for a new minimum wage of ₦695,000, while the Federal Government and the organised private sector had offered ₦60,000.
The negotiations are expected to continue today, with the committee working on new figures that might have been presented to the President by the Finance Minister
“The meeting was adjourned to give time to the Minister of Finance to meet the 48 hours dateline given to him to present cost implications to him.
“We just discussed general things. We decided to give him time to carry out the directive of the President,” the source said.
