The Nigerian presidency has refuted claims that the Minister of Finance, Wale Edun, proposed a new minimum wage of N105,000 to President Bola Ahmed Tinubu.

Special Adviser on Information and Strategy, Bayo Onanuga, dismissed the reports as false, stating, “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.”

Earlier, there were reports suggesting that Edun had submitted a proposal for the new minimum wage to President Tinubu. This follows the suspension of a strike by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), who demanded an increase in the minimum wage to N494,000.

The strike was called off after the government agreed to negotiate a new minimum wage within a week.

Recall, President Tinubu had instructed Edun to develop a template for the new minimum wage by Wednesday, adhering to the government’s commitment to the labour unions.