Finance minister never proposed N105,000 minimum wage – Presidency

The Presidency has rubbished claims that the Minister of Finance and Economy, Wale Edun proposed N105,000 as a new minimum wage.

The Punch had quoted Western Post as saying that the new proposal suggested a minimum wage of N105,000 (approximately $220) per month for Nigerians, but the story is currently missing from the Western Post’s site.

Edun had earlier in the day submitted a minimum proposal to President Bola Tinubu which has not been made available to the public. Yet, the report that FG is proposing N105,000 as minimum wage has gone viral.

Special Adviser to the President on Information and Strategy, Bayo Onanuga in an X post said the story is 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,” he said.

Earlier, Edun submitted the minimum wage proposal template to the president, beating the 48-hour deadline he was given by the president to submit the proposal.

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