Minimum wage: Committee adjourns to allow Finance Minister meet deadline

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.

The committee, comprising representatives of the Federal Government, Organised Labour and the private sector, deliberated on several issues before adjourning on Wednesday night.

The tripartite 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 Organised Labour has been pushing for a new minimum wage of ₦615,000, while the Federal Government and the organised private sector had offered ₦60,000.

The negotiations are expected to continue Thursday, with the committee working on new figures that might have been presented to the President by the Finance Minister.