President Bola Tinubu will meet with labour leaders on Thursday to reach a consensus on a new minimum wage just as the Association of Local Government of Nigeria demanded a new revenue formula in favour of the 774 local government areas in the country.

The Minister of Information and National Orientation, Mohammed Idris, who disclosed this after the 15th Federal Executive Council meeting at the State House, Abuja, said, Tinubu would hold a follow-up meeting with the labour leaders in continuation of his consultation with the stakeholders, adding that, an amendment bill to the budget would thereafter be transmitted to the National Assembly after a consensus had been reached on a new minimum wage.

This is coming after last Thursday, the President and labour leaders held a meeting but no conclusive figure on a new minimum wage was reached and the session was adjourned until Thursday, while, the Tripartite Committee on the New National Minimum Wage had submitted two separate figures to the President following a disagreement among the stakeholders.

While the government team and the organised private sector proposed N62,000, OrganisedLabour demanded N250,000, and on receiving the committee’s report, the President asked for more time to have a dialogue with the relevant stakeholders to harmonize the figures before transmitting an executive bill to the National Assembly.

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