Tinubu not proposing ₦105k as new national minimum wage – Presidency

The Nigerian presidency has debunked the speculation that President Bola Tinubu is proposing ₦105,000 (One hundred and five thousand Naira) as new national minimum wage. Bayo Onanuga, special adviser on information and strategy to the president, gave the clarification.

“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,” he said.

TheCornet had reported that Edun and Atiku Bagudu, minister of budget and national planning, presented a cost implication of a yet-to-be known national minimum wage proposal to President Bola Tinubu on Thursday.

The organised labour had called for a nationwide strike on Monday but decided to suspend it the next day for five days. Labour is proposing ₦497,000.

READ: Tinubu gets proposed minimum wage cost as govt. races to avert another strike

READ: Tinubu’s policy saved Nigerian economy from collapsing – Edun

The tripartite committee negotiating with labour on an acceptable minimum wage had proposed ₦60,000, which the latter rejected. Apart from the national wage issue, Labour is also asking the government to rescind its decision on the removal of electricity subsidy.

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