Just In: Presidency Reacts To N105,000′ Minimum Wage Proposal Reports

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Earlier, reports had emerged that Edun had submitted a proposal to Tinubu to increase the minimum wage to N105,000 per month

The Nigerian presidency says reports circulating in the media that the Minister of Finance, Wale Edun, proposed a new minimum wage of N105,000 to President Bola Ahmed Tinubu are false.

The reports were debunked by special adviser to the president on Information and Strategy, Bayo Onanuga.

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“The Honorable Minister of Finance and coordinating minister of the economy, Wale Edun has not proposed N105,000 minimum wage. The contrary story being disseminated is false,” he said in a terse statement.

Earlier, reports had emerged that Edun had submitted a proposal to Tinubu to increase the minimum wage to N105,000 per month.

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The development comes after the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) called off their strike over the government’s refusal to increase the minimum wage to N494,000.

The strike was suspended after the government agreed to negotiate a new minimum wage that is realistic, sustainable and acceptable to all within a week.

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President Tinubu had mandated Edun to come up the cost implications of the new minimum wage by Wednesday, in fulfilment of the government’s agreement with the labour unions..……See More

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