President Bola Tinubu held a meeting with the federal government team on the Tripartite Committee on New National Minimum Wage at the Presidential Villa in Abuja on Tuesday.

The meeting took place just an hour before the resumption of negotiations between the organized labour and the federal government.

In attendance were key government officials, including the Minister of Finance and coordinating minister of the economy, Wale Edun, the Minister of Budget and National Planning, Atiku Bagudu, the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, and the Chief Executive Officer of the Nigeria National Petroleum Company limited, Melee Kyari.

The meeting is believed to be connected to the ongoing strike by the organized labour over the non-conclusion of negotiations on the new minimum wage and the demand for the reversal of the increase in electricity tariff.

The team is also believed to have briefed the President on the ongoing negotiation and secured his commitment to a new offer, following the labour’s rejection of the government’s initial offer of N60,000.

The strike, which began on Monday impacted the economy greatly, prompting the Secretary to the Government of the Federation, Senator George Akume, to meet with labour leaders.

Following this meeting, it was announced that President Tinubu had agreed to increase the minimum wage offer above N60,000, and the Tripartite Committee on the new minimum wage would resume daily negotiations for one week to conclude talks on the new wage.

The organized labour subsequently suspended the nationwide strike and resumed negotiations with the government on Tuesday at 1 pm.