President BOLA TINUBU giving 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 the negotiation team had a meeting with the President at Aso Rock.

 

Meanwhile, the Organised Labour have vowed to reject any lean addition to the 60,000 naira offer by the tripartite committee on the new minimum wage.

 

The President of the Trade Union Congress (TUC), FESTUS OSIFO stated this after the Organised Labour comprising the TUC and the Nigeria Labour Congress (NLC) suspended its industrial action which started on Monday.

 

Recall that NLC and TUC called off the strike for one week, to enable further negotiations with the Federal Government.

 

The Unions had noted that failure on the part of the government to conclude with labour within one week shall prompt the organised labour to resume the strike without further notice.