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Minister didn’t propose N105,000 new minimum wage – Presidency

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President Bola Tinubu’s administration has refuted claim that the Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has proposed N105,000 in the new minimum wage template.

The rebuttal is coming after Edun, along with the Minister of Budget and National Planning, Atiku Bagudu, presented Mr Tinubu with the cost implications of the new minimum wage in his office at the presidential villa in Abuja today.

According to media reports, a new proposal suggests a minimum wage of N105,000 (approximately $71) per month for Nigerian workers.

But Special Adviser to the President on Information and Strategy, Bayo Onanuga dismissed this claim in a post on his official X handle on Thursday.

He said, “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.”

Recall that a recent strike by labour unions, which started 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, on Tuesday, suspended their strike for five days to continue negotiation with the federal government.

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