Presidency Denies Proposal Of N105,000 Minimum Wage By Finance Minister

Presidency

The Presidency in a swift response has debunked claims circulating on social media that the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has proposed a new minimum wage of N105,000 per month for Nigerian workers.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, via his verified X (formerly known as Twitter) handle @aonanuga1956 said: “The Honourable Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has not proposed N105,000 minimum wage,” adding “The contrary story being disseminated is false.”

Earlier on Thursday, Edun presented the minimum wage template to President Bola Tinubu, meeting the 48-hour deadline.

The minister, along with the Minister of Budget and National Planning, Atiku Bagudu, and Minister of Information and National Orientation, met with President Tinubu at the presidential villa in Abuja to discuss the cost implications of the new minimum wage proposal.

According to the social media reports, a new proposal suggesting a minimum wage of N105,000 per month had been circulating, and President Tinubu was said to be reviewing it.

However, the Presidency has now officially denied these claims, stating that Edun did not propose such an amount.

This development comes in the wake of a nationwide strike by labour unions, which began on Monday after their meeting with the National Assembly leadership failed to reach a satisfactory conclusion.

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The strike, which involved members of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), disrupted economic activities across the country, leading to the closure of international airports, schools, courts, banks, and hospitals.

On Tuesday, the organised labour unions suspended their strike for five days, allowing for further negotiations with the team

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