JUST IN: Tinubu gives 48-hour ultimatum for new minimum wage

President Bola Tinubu has given the Minister of Finance, Wale Edun, a 48-hour ultimatum to come up with the cost implications on the new minimum wage.

This was revealed by the Minister of Information and National Orientation, Mohammed Idris.

Idris stated this while briefing State House Correspondents after a meeting the negotiation team had with the President at Aso Rock.

He said: “All parties to the negotiation of the new minimum wage would work together with the organised labour to present a new minimum wage for Nigerians in one week.

“All of us will work together assiduously within the next one week to ensure that we have a new wage for Nigeria that is acceptable, sustainable and also realistic.”

The Nigeria Labour Congress, NLC and Trade Union Congress, TUC, have called off the strike which began on Monday for one week, to enable further negotiations with the Federal Government.