Edun reportedly proposes N105k minimum wage, presidency denies report

Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, Wale Edun, has presented President Bola Tinubu with a new minimum wage proposal, meeting a 48-hour deadline set by the President.

But a Special Adviser on Information and Strategy to President Tinubu, in an X post, denied the report, saying, the minister “has not proposed N105,000 minimum wage. The contrary story being disseminated is false.”

The proposal, according to Western Post, recommends a N105,000 monthly minimum wage for Nigerian workers (approximately $220).

President Tinubu is currently reviewing the plan and is expected to make an official announcement soon.

The development comes after a recent nationwide strike by the two main labour unions—Nigerian Labour Congress (NLC) and Trade Union Congress (TUC)—and their affiliated organisation after the federal government and organised private sector (OPS) failed to meet their demands for a higher minimum wage.

The strike significantly impacted the Nigerian economy, causing closures of international airports, schools, courts, banks, and hospitals.

But