The Presidency has refuted circulating reports claiming that the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, proposed a new minimum wage of N105,000.
This denial was issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, via his X account on Thursday.
Onanuga clarified, “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, Edun had presented a template to President Bola Tinubu, adhering to a 48-hour deadline.
According to PUNCH Online, Edun submitted the projected cost implications of implementing a new national minimum wage to President Tinubu. He, along with the Minister of Budget and National Planning, Atiku Bagudu, presented the details at the presidential villa in Abuja.
Reports from Western Post suggested a proposal for a minimum wage of N105,000 (approximately $71) per month for Nigerian workers. However, President Tinubu is still reviewing this proposal, with an official announcement expected soon.
This development comes in the wake of a recent strike by labor unions, which began on Monday following an unsatisfactory meeting with the National Assembly leadership. The strike severely disrupted economic activities nationwide, resulting in the closure of international airports, schools, courts, banks, and hospitals.
Members of the Nigeria Labour Congress and Trade Union Congress suspended their strike for five days on Tuesday.
