The originally Welsh oxymoron meaning you are on your way, but not immediately. You need a minute to gather your thoughts/things/feelings before you traverse the journey you are about to undertake.
Tradtionally shouted from the top of the stairs to parental figures.
Mum: 'Hurry up love, your bus is here!'
Victim: 'Don't worry! I'll be there now in a minute!!'
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a welshism ( apparently) meaning I will do it soon
mum-"Emily can you do the washing up"
Emily-" ok mam..i will now in a minute
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