The Federal Government and Organized Labour has agreed a N70,000 as minimum wage.
President Bola Tinubu approved the new minimum wage for Nigerian workers as well as a promise to review the national minimum wage law every three years.
This agreement follows a meeting between the President and leadership of the Nigeria Labour Congress and the Trade Union Congress at the Presidential Villa, Abuja on Thursday.
Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, made the announcement via a statement on X.
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“President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with promise to review the national minimum wage law every three years.
“President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage.
“President Tinubu announced the decisions at the meeting held with leaders of TUC and NLC on Thursday in Abuja, the second time the parties met in 7 days,” the statement read.
Onanuga further noted that labour leaders praised President Tinubu’s “fatherly gesture”, and the President also vowed to exercise his executive discretion to address the outstanding four months’ salaries owed to university unions.
