The Presidency don sharply deny recent reports wey talk say Federal Government dey propose new minimum wage of N105,000.

Presidency don deny reports of proposed N105,000 minimum wage

June 7, 2024

The Presidency don sharply deny recent reports wey talk say Federal Government dey propose new minimum wage of N105,000.

Bayo Onanuga, wey be Special Adviser to the President on Information and Strategy, dismiss these claims on Thursday, talk say na lie.

These speculations start after one meeting for Presidential Villa, where President Bola Tinubu dey look into the cost implications of a new national minimum wage. Minister of Finance, Wale Edun, and Minister of Budget and National Planning, Atiku Bagudu, submit the template for the proposed wage increase to the President.

Minister Edun confirm say dem don submit the template but assure people say no need for panic about the figures wey dem discuss. President Tinubu dey review the proposal, and official announcement go come soon.

Despite this, rumors quickly spread say the finance minister propose N105,000 minimum wage. Onanuga directly address these rumors for him X account, talk say, “The Honourable Minister of Finance and Coordinating Minister for the Economy, Wale Edun, no propose N105,000 minimum wage. The story wey dem dey spread na lie.”

Meanwhile, the Tripartite Committee on National Minimum Wage, wey include representatives from government, employers, and labor unions, don face delays. The committee meeting, wey dem schedule for Thursday, don postpone go Friday because dem never get the cost template for the new minimum wage. This na the second time wey dem dey adjourn the meeting within 24 hours.

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