JUST IN: Finance minister proposes N105,000 in new minimum wage template

By Marvellous Gbadegesin On Jun 6, 2024

Finance minister , Wale Edun, Labour, new minimum wage, — Finance Minister Wale Edun

Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has presented a new minimum wage template to President Bola Ahmed Tinubu, meeting the 48-hour deadline.

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, on Thursday.

According to the Western Post, the new proposal suggests a minimum wage of N105,000 (approximately ($90) per month for Nigerian workers.

Tinubu is currently reviewing this proposal, and an official announcement is expected soon.