FG Proposes N105,000 Minimum Wage

Finance Minister Wale Edun has proposed a new minimum wage of N105,000 to President Bola Tinubu, highlighting the financial implications. This presentation, made alongside Budget Minister Atiku Bagudu, occurred at the presidential villa in Abuja.

Following a meeting with President Tinubu, Edun confirmed the submission to State House correspondents and assured there was “no cause for alarm.”

This action follows a 48-hour ultimatum from President Tinubu, who met with a government negotiation team led by Secretary to the Government of the Federation, Senator George Akume.

See also  Enyimba International will continue to move forward, Kanu says, appreciates Gov. Otti, Deputy.

Earlier in the week, the Nigeria Labour Congress and Trade Union Congress launched a nationwide strike demanding a higher minimum wage and a reversal of increased electricity tariffs. The strike was suspended for five days after the government agreed to negotiate and finalize a new minimum wage within a week.