The Presidency has refuted claims that the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has proposed a new minimum wage of N105,000.
Bayo Onanuga, the Special Adviser to the President on Information and Strategy, addressed the issue on his X account on Thursday. Onanuga wrote, “The Honourable Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has not proposed N105,000 minimum wage. The contrary story being disseminated is false.”
Earlier in the day, Edun had presented a new wage template to President Bola Tinubu, meeting a 48-hour deadline. Alongside the Minister of Budget and National Planning, Atiku Bagudu, Edun submitted the projected cost implications of implementing a new national minimum wage to President Tinubu at the presidential villa in Abuja.
According to Western Post, a proposal suggests a minimum wage of N105,000 (approximately $71) per month for Nigerian workers. President Tinubu is currently reviewing the proposal, and an official announcement is expected soon.
This development follows a recent strike by labour unions, which began on Monday after their meeting with the National Assembly leadership failed to produce a satisfactory outcome. The strike disrupted economic activities nationwide, leading to the closure of international airports, schools, courts, banks, and hospitals.
Members of the organised labour comprising the Nigeria Labour Congress and Trade Union Congress suspended their strike for five days on Tuesday.
