BREAKING: Finance Minister submits N105,000 minimum wage proposal to Tinubu

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

News360 Nigeria earlier reported that Edun submitted the projected cost implications of implementing a new national minimum wage to Tinubu.

Edun, along with the Minister of Budget and National Planning, Atiku Bagudu, presented Tinubu with the cost implications of the new minimum wage in his office at the Presidential Villa in Abuja.

According to Sahara Reporters, the new proposal suggests a minimum wage of N105,000 (approximately $220) per month for Nigerian workers.

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

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 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.

(Credit: Sahara Reporters, Punch)