Edun Didn't Propose N105,000 Minimum Wage, Presidency Clarifies
It is made clear that Edun did not recommend a new minimum salary of N105,000 according to Presidency.
The speculation that the Coordinating Minister for the Economy and Minister of Finance, Wale Edun, has suggested N105,000 as the new minimum wage in the proposed template have been denied by the Presidency as inaccurate.
On Thursday, June 6, Bayo Onanuga, the President's Special Advisor on Information and Strategy, revealed this on his X account.
The aide to the president wrote, “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.”
Remember that Edun gave President Bola Ahmed Tinubu a new minimum wage template in order to meet the 48-hour deadline.
He sent Tinubu the estimated financial effects of enacting the new national minimum wage.
The Minister jointly presented President Tinubu, at his office at the presidential residence in Abuja, with the cost implications of the new minimum wage, along with his counterpart in Budget and National Planning, Atiku Bagudu.
Tinubu has examined the plan in anticipation of a formal announcement.
This comes after Organized launched a recent strike on Monday, June 3, in response to a meeting that did not go well with the leadership of the National Assembly.
The strike severely disrupted the country's economy, leading to the shutdown of international airports, banks, courts, and schools.
Nationwide economic activity was severely disrupted by the walkout, which led to the shutdown of banks, hospitals, schools, courts, and international airports.
Members of organized labor, such as the Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC), called off their five-day strike on Tuesday, June 4.
The leadership of the NLC and the TUC agreed to reopen talks with the federal government and set a new minimum wage within a week, thus they decided to halt the industrial action for five days.
Following hours of talks on Monday night, June 3, in Abuja with the leadership of organized labor, the Federal Government announced President Bola Tinubu's intention to raise the N60,000 minimum salary that was first proposed.
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