The Presidency has refuted claims that Finance Minister and Coordinating Minister of the Economy, Wale Edun, along with the Federal Government’s negotiating team, proposed a new minimum wage of N105,000.
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Following the declaration of a nationwide strike by organized labor, the Federal Government entered negotiations with union leaders, reaching an initial agreement. President Bola Tinubu subsequently instructed Finance Minister Edun to develop a new minimum wage template within 48 hours.
On Thursday, Edun and his team met with President Tinubu. However, no details of the meeting’s outcome were disclosed. Reports soon surfaced suggesting that Edun’s team had proposed a minimum wage of N105,000.
Bayo Onanuga, Special Adviser to the President on Media and Strategy, swiftly denied these claims, stating on social media that “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.”
