Presidency Denies Viral Proposal of N105k as New Minimum Wage
POLITICS DIGEST – The Presidency has denied viral reports that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had submitted a proposal of N105,000 as monthly national minimum wage to President Bola Tinubu for approval.
The 48-hour deadline given to Edun by Tinubu to come up with a realistic national minimum wage expires this Thursday.
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The Minister was handed the directive on Tuesday when he, alongside members of the Federal Government team that reached a tentative agreement with the Organised Labour following a nationwide indefinite strike action which lasted 24 hours at the beginning of the week, visited President Tinubu to present the four-point resolution of the meeting with members of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC).
However, earlier in the day, speculations were rife that Edun had presented a N105,000 monthly minimum wage template to President Tinubu. The Presidency swiftly described such narrative as false.
Taking to his verified X handle on Thursday evening, Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the Finance Minister did not make such a proposal.
Onanuga wrote: “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.”
