President Bola Tinubu has approved N70,000 as the new minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years.
This is coming after the leadership of the Nigeria Labour Congress and the Trade Union Congress met with the President at the Presidential Villa, Abuja on Thursday.
From left: Minister of Information and National Orientation, Mohammed Idris; Minister of Labour and Employment, Nkeiruka Onyejeocha; President, Nigeria Labour Congress, Comrade Joe Ajero and President Trade Union Congress, Comrade Festus Osifo briefing State House Correspondents after their meeting with President Bola Tinubu on the new Minimum Wage at the Presidential Villa in Abuja on Thursday (18/7/24) Photo: NAN
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, in a statement on X, confirmed the development.
“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.
The President of the Nigeria Labour Congress, Joe Ajaero on Thursday gave reasons why the Organized Labour accepted the proposal of N70,000 minimum wage from the President, Bola Tinubu.
Ajaero, who spoke to State House reporters after the meeting with the President, said the unions agreed to the offer because of other incentives attached.
He said another reason for accepting the offer is because “ the President promised a review every three years as against what obtained in the past.”
