“Reports Claiming Edun Proposed N105,000 As New Minimum Wage False”, Presidency Clarifies

The New Diplomat
Writer

Ad

Mapped: U.S. Tariff Rates by Country

Key Takeaways The Trump administration increased tariffs, citing trade deficits and national security concerns. Brazil and India received the highest tariff rate of 50%. Under the second Trump administration, new tariff levels have been applied to over 80 countries, with rates ranging from 10% to 50%. The U.S. President argues that persistent trade deficits and…

Thai Court Dismisses PM Over Compromising Phone Call with Cambodian Leader

Thailand’s Constitutional Court on Friday dismissed Paetongtarn Shinawatra from her position as prime minister, ruling that as the country’s leader she violated constitutional rules on ethics in a phone call with Cambodia’s Senate President Hun Sen. The ruling means she immediately loses her job, which she had held for about a year. Paetongtarn was suspended…

Oil Prices Dip but Stay on Track to Extend Last Week’s Gains

Crude oil prices were set for another weekly rise after additional 25% tariffs on Indian exports to the United States kicked in on Wednesday, raising doubts about the supply of Russian crude. At the time of writing, Brent crude was trading at $68.17 per barrel, with West Texas Intermediate at $64.20 per barrel, both slightly down from Thursday’s close…

Ad

By Abiola Olawale

The Presidency has debunked viral reports claiming that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has proposed N105,000 as the new minimum wage for Nigerian workers.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a terse statement posted on his social media accounts described the reports as false.

Onanuga said: “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.”

The New Diplomat reports that Edun, on Thursday presented a report detailing a proposed projected wage for a new national minimum wage to President Bola Ahmed Tinubu.

Following the presentation that took place at the presidential villa in Abuja, reports emerged that Edun has reportedly proposed a minimum wage of N105,000.

The New Diplomat reports this the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC) and the Federal government are in talks over a new minimum wage crisis.

The labour unions embarked on a nationwide strike on Monday over the failure of the Federal Government,and organized Labour to reach an agreement on the new minimum wage.

It would be recalled that the unions, on Tuesday, relaxed the strike for one week in a bid to allow negotiations with the government.

Following the announcement, Tinubu instructed the Minister of Finance to develop a framework for a revised minimum wage and present it within 48 hours.

Ad

X whatsapp