Minimum Wage: N105,000 Proposal Sent to President Tinubu -Wale Edun

Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has submitted new national minimum wage options and projected cost implications to President Bola Ahmed Tinubu.

In the report, Edun outlined several potential new minimum wage levels, along with the anticipated fiscal impacts of each option on the federal budget.

This move is a crucial step in the ongoing process of determining a new national minimum wage, which has been a topic of discussion recently.

On Monday, organised labour proposed N615,500 and N494,000 as the new national minimum wage, which the government said was unrealistic.

On Tuesday, Tinubu directed Edun to present a proposal on new minimum wage figure and analysis of the associated costs within 48 hours.

Edun submitted the report to Tinubu on Thursday at the presidential villa, Abuja.

He was accompanied by Mohammed Idris, the Minister of Information and National Orientation, and Atiku Bagudu, Minister of Budget and National Planning.

On Wednesday, Comrade Joe Ajaero, President of the Nigeria Labour Congress(NLC) clarified that the organized labour and their organs have not suspended their nationwide strike but only relaxed the industrial action for a one week window to allow them consider the proposal of the Federal Government.