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EXCLUSIVE: Finance Minister Edun Proposes N105,000 as New Minimum Wage

Nigeria’s Minister of Finance, Wale Edun, has proposed N105,000 as the new minimum wage template presented to President Bola Ahmed Tinubu on Thursday, POLITICS NIGERIA has exclusively learnt.

The proposed minimum wage which is approximately $220 USD is slated to be paid per month to Nigerian workers.

It is gathered that the Tinubu is currently reviewing the proposal with an official announcement expected to be made soon.

It was reported earlier that Edun after meeting the president said “there is no cause for alarm,” but refused to comment on the report.

The development comes two days after Tinubu directed the finance minister to present a proposed new minimum wage figure and analysis of associated costs to him within 48 hours.

Recall that on Monday, Organized Labour commenced a nationwide strike in demand of a higher minimum wage for government workers and a reversal of the recently increased electricity tariffs.

The industrial action was suspended for five days by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) leadership after signing a commitment with the federal government to resume negotiations and agree on a new minimum wage within a week.

More to follow

The article was originally published on Politics Nigeria.

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