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

Previously, Edun submitted the projected cost implications of implementing a new national minimum wage to Tinubu. Alongside the Minister of Budget and National Planning, Atiku Bagudu, Edun presented these cost implications in a meeting at the Presidential Villa in Abuja.

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

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Tinubu is currently reviewing this proposal, with an official announcement 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 yield satisfactory results. The strike disrupted economic activities nationwide, causing the closure of international airports, schools, courts, banks, and hospitals.

On Tuesday, the Nigeria Labour Congress and Trade Union Congress suspended their strike for five days.