Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has submitted a proposal of N105,000 as the new minimum wage to President Bola Ahmed Tinubu.
Tinubu had asked Edun to submit the projected cost implications of implementing a new national minimum wage to Tinubu.
According to a report by Western Post, an online platform owned by Tinubu’s spokesman, Tunde Rahman, Edun made several proposals for minimum wage, one of which is N105,000.
Edun, along with the Minister of Budget and National Planning, Atiku Bagudu, presented President Tinubu with the cost implications of the new minimum wage in his office at the presidential villa in Abuja.
This development follows a recent strike by Labour Unions, which began on Monday after their meeting with the National Assembly leadership failed to produce a satisfactory outcome.
The strike significantly disrupted economic activities nationwide, leading to the closure of international airports, schools, courts, banks, and hospitals.
Members of the organised labour comprising the Nigeria Labour Congress and Trade Union Congress, on Tuesday, suspended their strike for five days.
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