The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national minimum wage to President Bola Tinubu.
The submission comes two days after President Tinubu issued a 48-hour directive to Edun to present a proposed new minimum wage figure and analysis of the associated costs.
The President is said to be currently reviewing the proposal, and an official announcement is expected soon.
This development follows a recent strike by Labour unions in Nigeria, which began on Monday after their meeting with the National Assembly leadership failed to produce a satisfactory outcome.
The strike disrupted economic activities nationwide, leading to the closure of local and international airports, schools, Courts, Banks, and hospitals.
(Editor: Ken Eseni)
