The Presidency on Thursday denied reports that the Federal Government was proposing N105, 000 as the new minimum wage.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false.

The report followed 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.

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.

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.