The Federal Executive Council (FEC) has mandated the Minister of Budget and Economic Planning to come up with an amendment bill to the 2024 Budget, which will be presented to the National Assembly for legislation. The planned amendment,  it was explained, became necessary as a result of new fiscal developments, including the new national minimum wage. Minister of Information and National Orientation Mohammed Idris briefed State House reporters after a meeting presided over by President Bola Ahmed Tinubu. According to the minister, the president is expected to hold a follow-up meeting with leaders of the organised Labour on Thursday, after which the proposed amendment bill to the budget would be passed to the National Assembly for consideration. President Tinubu met with the leadership of organised labour; last Thursday over the minimum wage crisis. The Tripartite Committee of the new National Minimum Wage had submitted two separate figures to the President following disagreement among the stakeholders. The government team and the organised private sector had offered N62,000, and the organised labour demanded  N250,000.

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