The Presidency on Thursday denied reports that the Federal Government of Nigeria was proposing ₦105,000 as the new minimum wage even as Organized Labor continues to wait for the new position of the government.
The Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, described the report as false.
The report came after the presentation of the cost implications of implementing a new national minimum wage to President Bola Tinubu at the Presidential Villa on Thursday.
The Minister of Finance, Wale Edun, submitted the template to the President alongside the Minister of Budget and National Planning, Atiku Bagudu.
Edun confirmed submitting the template to the President and reassured that ‘there is no cause for alarm’ when questioned about the figure.
Tinubu was said to be currently reviewing the proposal, and an official announcement is expected soon.
However, the development triggered speculations that the finance minister proposed N105,000 in the new minimum wage template.
Onanuga punctured the claim in a post on his X account.
The presidential aide wrote, “The Honourable Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has not proposed N105,000 minimum wage. The contrary story being disseminated is false.”
Meanwhile, the meeting of the Tripartite Committee on National Minimum Wage was again adjourned till Friday (today) due to the unavailability of the cost template on the new minimum wage.
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Senior labor movement members told newsmen on Thursday that the committee meeting did not record any meaningful progress because the president’s offer was not presented to the parties.
A member of the committee who is also a leader of the Nigeria Labour Congress said though the union was aware that a proposal had been submitted to the President, it was becoming jittery as its ultimatum expires on Monday.
Speaking anonymously because the committee deliberation was confidential, the labour leader stated, “We have adjourned. Nothing has been presented. We were hearing rumours that something had been given to the President.
“We are getting jittery now because we have only one week, which expires on Monday. We are getting jittery, but this country is in distress. Looking at the economic situation now, it is a problem. Let us see what they bring up tomorrow (today) by 4:00 pm.”
Following the slow pace of talks on the new minimum wage and the government’s failure to reverse the electricity tariff hike, Labour embarked on an indefinite strike on Monday, grounding economic activities nationwide.
Banks, airports, public schools and courts were shut, forcing the Federal Government to convene an emergency meeting to find a way out of the impasse.
In a bid to move the negotiation forward, the unions announced Tuesday the suspension of industrial action for five days after the President agreed to pay a national minimum wage higher than N60,000. The tripartite committee pledged its readiness to convene daily until a new minimum wage is announced.
The suspension of the strike followed a six-hour meeting between the labour leadership and the National Assembly in Abuja on Monday night.
To fast-track the negotiation, the President on Tuesday directed the finance minister to present the cost implications for a new minimum wage within two days.
Tinubu also directed the government representatives to work collectively with the organised private sector and the sub-nationals to achieve a new affordable wage award for Nigerians.