Presidency denies reports of FG’s proposal of N105,000 minimum wage

The Presidency has debunked the purported reports that Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, and the Federal Government negotiating team have proposed N105,000 as the new minimum wage.

The Informant247 reports that the Federal Government met with the union leaders and struck a deal after organised labour declared a nationwide strike, whereas the negotiating team had subsequently briefed President Bola Tinubu, who directed the Finance Minister to present a new minimum wage template within 48 hours.

Onanuga and his team met the president on Thursday but did not disclose the outcome of the meeting.

However, there were reports that Edun’s team proposed N105,000 as the new minimum wage.

But responding to this, Bayo Onanuga, the Special Adviser to the President on Media and Strategy, described the reports as false.

“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,” Onanuga tweeted.