The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that “there is no cause for alarm” following a meeting with President Bola Tinubu at the Presidential Villa in Abuja.

Edun was accompanied by the Minister of Budget and Economic Planning, Atiku Bagudu.

The development comes two days after Tinubu directed the finance minister to present a proposed new minimum wage figure and analysis of associated costs to him within 48 hours.

Although the agenda of Thursday’s meeting was not disclosed, it is believed to be connected to the President’s directive on Tuesday.

It can be recalled that the Tripartite Committee on new minimum wage met on Wednesday.

The meeting was inconclusive due to the federal government team’s failure to present a new figure, despite proposing N60,000 as the new minimum wage, which was rejected by the organized labour.

It is understood that the government team is expected to present a fresh figure at today’s meeting scheduled for 2 pm.