FG Has Not Fixed New Minimum Wage – Presidency

By Ayodele Oni

The Presidency has said that it is untrue that Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has suggested a new minimum wage of N105,000.

Bayo Onanuga, Special Adviser to the President on Media and Strategy, responded to the report claiming that the Minister had proposed N105,000 as the new minimum wage, labeling the information as incorrect.

“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.”

On Thursday, the Minister of Finance, following President Bola Ahmed Tinubu’s earlier directive, presented a template with the cost implications of a new minimum wage to the President.

Recall that after a two-day strike by organized labour seeking an increase in the minimum wage, the President instructed the government team in the tripartite committee to present the cost implications of an affordable, sustainable, and realistic new minimum wage within 48 hours.

He issued the order during a meeting with the government negotiation team, led by the Secretary to the Government of the Federation, George Akume, at the presidential villa in Abuja.