The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has on Thursday submitted the proposed cost of Implementing a new National Minimum wage and it’s implications.
The submission come following the 48 hours ultimatum issued to the Finance Minister by President Bola Ahmed Tinubu.
It will be recalled that the Organized labour had embarked on a National wide strike on Monday and Tuesday to demand increased Minimum wage for the Government workers.
The Organized Labour ( NLC and TUC) during the strike also demand the reversal of the recently increased electricity tarrif.
However the Industrial action was suspected for Five days by the leadership of the Organized labour after signing a commitment form with the Federal Government to resume negotiation and come up with the new Minimum wage.