Just In: FG Proposes N62,000 Minimum Wage

The Federal Government has increased its offer of a new national minimum wage to N62,000, while organised labour has reduced its demand from N494,000 to N250,000.

This comes after the Minister of Finance, Wale Edun, submitted the cost implication of minimum wage to President Bola Tinubu.

This brings to an end the deliberations on the new minimum wage by the tripartite committee organized by the Federal Government after several months.

The recommendations will be forwarded to President Tinubu, who is expected to send an executive bill to the National Assembly for legislative action.