President Bola Tinubu will again meet with labour leaders on Thursday to reach a consensus on a new minimum wage just as the Association of Local Government of Nigeria demanded a new revenue formula in favour of the 774 local government areas in the country.

The Minister of Information and National Orientation, Mohammed Idris, told journalists after the 15th Federal Executive Council meeting at the State House, Abuja, on Monday, that Tinubu would hold a follow-up meeting with the labour leaders in continuation of his consultation with the stakeholders.

An amendment bill to the budget would thereafter be transmitted to the National Assembly after a consensus had been reached on a new minimum wage.

Last Thursday, the President and labour leaders held a meeting but no conclusive figure on a new minimum wage was reached and the session was adjourned until Thursday.

The Tripartite Committee on the New National Minimum Wage had submitted two separate figures to the President following a disagreement among the stakeholders.

While the government team and the organised private sector proposed N62,000, Organised Labour demanded N250,000.

 On receiving the committee’s report, the President asked for more time to have a dialogue with the relevant stakeholders to harmonise the figures before transmitting an executive bill to the National Assembly.