MINIMUM WAGE: Pres. Tinubu Approves N70,000 Minimum Wage, Promises 3-Year Review; We Accepted N70,000 Minimum Wage Because President Promised Other Incentives – LABOUR

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President Bola Tinubu has given Nigerian workers a significant boost by approving a N70,000 minimum wage, with a promise to review the national minimum wage law every three years. This move is aimed at ensuring that workers' salaries keep pace with the country's economic growth.

In a meeting with leaders of the Trade Union Congress (TUC) and Nigeria Labour Congress (NLC) in Abuja on Thursday, President Tinubu also pledged to support the private sector and sub-nationals in paying the new minimum wage. This is the second meeting between the parties in just seven days, indicating the President's commitment to addressing workers' concerns.

The labour leaders praised President Tinubu for his "fatherly gesture", which is seen as a major victory for workers. Additionally, the President promised to use his discretionary powers to meet the demands of university unions, who have been seeking payment of unpaid salaries for four months. This move is expected to bring relief to affected workers and their families.

• president promised to amend minimum wage act, so as for minimum wage to be reviewed upward after every 3-years

• president promises to al more  allocation to states government and private sectors to be able to pay new minimum wage 

The leaders of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) announced that they have accepted the N70,000 minimum wage approved for Nigerian workers by President Bola Tinubu.

A statement by Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, indicated that President Tinubu also pledged to find ways to help the private sector and sub-national entities meet the minimum wage requirement.

Following the meeting, the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, briefed the media and confirmed that the unions had accepted the offer.

Ajaero, accompanied by Comrade Festus Usifo, President of the Trade Union Congress (TUC), and other representatives of Nigerian workers, stated that the unions had accepted the offer because there were other incentives attached.

He said that the president’s pledge of a review every three years, as opposed to what had previously been received, was another factor in his decision to accept the offer.



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