Nigeria’s Minister of Finance, Wale Edun, has proposed a new minimum wage of N105,000, which was presented to Bola Ahmed Tinubu on Thursday.
The proposed minimum wage, intended to be paid monthly to Nigerian workers, is currently under review by Tinubu. An official announcement is expected soon.
Previously, it was reported that the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had called for a workers’ strike due to the government’s refusal to meet their demand for a higher minimum wage of N494,000.
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However, after a day of striking, both parties returned to the negotiation table and finally reached an agreement.
To fulfill their side of the deal, Bola Ahmed Tinubu mandated Wale Edun on Tuesday to provide a template for the new minimum wage by Wednesday.
More details to follow…
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