The Minister of Finance and Coordinating Minister of the Economy, WALE EDUN, on Thursday, held a meeting with President BOLA TINUBU against the backdrop of on-going discussions on a new national minimum wage.

The Minister of Budget and Economic Planning, ATIKU BAGUDU, was also in attendance at the meeting which held at the State House in Abuja.

It was gathered that during the meeting, EDUN presented a new minimum wage template to President TINUBU, meeting the 48-hour deadline earlier issued to him.

According to sources quoted by Western Post, the template proposes a new minimum wage of ₦105,000 (approximately $220 USD) per month for Nigerian workers.

The urgency of these orders underlines the government’s commitment to resolving the contentious minimum wage issue, which has repeatedly stalled negotiations.

Emerging from the meeting with President TINUBU on Thursday and responding to journalists’ excitement, the Minister of Finance, EDUN, simply said: “There is no cause for alarm.”

Recall that Minister of Information and National Orientation, MOHAMMED IDRIS, had disclosed the President’s ultimatum in an interview with correspondents on Tuesday.

IDRIS emphasized that the President is committed to a new minimum wage that is acceptable, sustainable, and realistic for all Nigerians, involving not just the federal government but also sub-nationals and the organized private sector.