Negotiations between the Federal Government and Organised Labour regarding the minimum wage were adjourned on Wednesday, with discussions set to resume today. The Tripartite Committee on National Minimum Wage deferred the session in anticipation of Finance Minister Wale Edun submitting the salary template to President Bola Tinubu.

Tinubu had instructed the finance minister during a meeting on Tuesday to provide the cost implications for a new minimum wage within a two-day timeframe. This directive was issued during discussions with the government negotiation team led by Secretary to the Government of the Federation, George Akume, at the presidential villa in Abuja.

Sources within the labour unions, privy to the committee meeting, indicated that further negotiations were put on hold pending the outcome of the presidential template.

An attendee at the meeting stated, “The meeting has been adjourned until Thursday. We showed understanding because we all know that the president gave the minister of finance 48 hours to come up with a minimum wage. So, we decided to give them the time. We will be meeting by 2 p.m.”

A senior labour official, representing labour on the tripartite committee, emphasized the importance of the template in the minimum wage negotiation process.

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