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Minister of Finance, Wale Edun submits minimum wage cost to Tinubu

Published

7 months ago

June 6, 2024

Bona Naija

Wale Edun & President Bola Ahmed Tinubu

Wale Edun, minister of finance and coordinating minister of the economy, has submitted new national minimum wage options and projected cost implications to President Bola Tinubu.

On Tuesday, Tinubu directed Edun to present a proposal on new minimum wage figure and analysis of the associated costs within 48 hours.

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Edun submitted the report to Tinubu on Thursday at the presidential villa, Abuja.

He was accompanied by Mohammed Idris, the minister of information and national orientation, and Atiku Bagudu, minister of budget and national planning.

In the report, Edun outlined several potential new minimum wage levels, along with the anticipated fiscal impacts of each option on the federal budget.

This move is a crucial step in the ongoing process of determining a new national minimum wage, which has been a topic of discussion recently.

After the Ministers submission an online publication , Wester Post revealled that Wale Edun in the new minimum wage template to President Tinubu, proposeed N105,000 as new minimum wage for workers.

However, the Special Adviser Information and Strategy to President Tinubu, Bayo Onanuga has debunked the information.

“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.”

Nigerians are waiting patiently to see what was actually proposed.