BREAKING: Finance Minister, Edun Propose N105,000 New Minimum Wage' To Tinubu

The Minister of Finance, Wale Edun, on Thursday submitted the estimated cost implications of implementing a new national minimum wage to President Bola Tinubu.

Officials in the know of the matter reported that Edun submitted a proposal of N105,000 to the president as the new minimum wage.

The disagreement between organised labour and the government over the implementation of the national minimum wage. While organised labour is asking for a wage of N494,000, the government said it would pay N60,000.

However, following the declaration of an indefinite nationwide strike – which commenced on Monday and was relaxed for one week – the government committed to pay above N60,000.

The Trade Union Congress President, Comrade Festus Osifo, noted that there was no new development or offer from the government.

“The government is yet to present anything to us. What we have been discussing are principles but no new template yet,” he said.

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