“No party has been served with court processes and there is no intention of doing so,” the statement said.
Mr Idris said the decision would allow for more consultations between President Bola Tinubu, state governors, local government authorities and the private sector.
“This nation will not progress forward if we continue to dance on the same spot,” the statement added.
“This will in turn lead to young people contributing tremendously to national development agenda.”
He said that the fund would serve as a special purpose vehicle.
“We are looking at the N709,000 proposed by the Nigeria Labour Congress. We believe that workers should be paid a living wage as recommended by the union,” Mr Gupada explained.
Mr Maiyaki explained that a committee was set up to stamp out illegal institutions nationwide.
President Bola Tinubu has presided over the first meeting of the Federal Executive Council after the holidays.
He said the contract was coming on the heels of the administration’s concern for the long delay and complaints by passengers.
The ministry of power is working assiduously with the national council on power to send the policy to FEC for approval.
