The Presidency has debunked the report making the rounds that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has proposed N105,000 as the new minimum wage. 

While reacting to a report, the Special Adviser to the President on Media and Strategy, Bayo Onanuga, claiming that the Minister has submitted a report with N105,000 as a new minimum wage proposal, described the news as fake.

"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,” he said.

Meanwhile, one of the national dailies reports on Thursday that the Minister of Finance, following the earlier directive of President Bola Ahmed Tinubu, presented a template with cost implications of a new minimum wage to President Tinubu.

Recall that following a two-day strike by organised labour over a quest for an increase in the minimum wage, the President had ordered the government team in the tripartite committee to, within 48 hours, present the cost implications of an affordable, sustainable and realistic new minimum wage. 

He gave the order at a meeting with the government negotiation team led by the secretary to the government of the federation, George Akume, at the presidential villa in Abuja.