By Abiola Olawale
The negotiations on the ongoing minimum wage for Nigerian workers may be reaching significant progress as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has presented a report detailing a proposal for a projected wage for a new national minimum wage.
The minister presented the report to President Bola Ahmed Tinubu on Thursday at the presidential villa in Abuja.
Some reports hinted that the report suggested a minimum wage of N105,000 per month.
According to the reports , Edun, in the report believed that a minimum wage of N105,000 would align with the current economic conditions for Nigerian workers. However, the federal government has since declared that the insinuation is false.
While there is no further official statement on the report as of press time, Tinubu is said to be currently reviewing the proposal after which an official announcement would be made available.
The New Diplomat reports this came after the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC) had 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.
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.
