Following several hours of meeting on Friday, the Federal Government and the organised private sector have increased their offer for the new minimum wage to N62,000 from the earlier N60,000. However, the organised labour is proposing N250,000 which is a shift from its earlier N494,000.
This brings to and end the deliberations on the new minimum wage by the tripartite committee set up by the 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.
