President Bola Tinubu has approved N70,000 as the new minimum wage for Nigerian workers.
He has also promised to review the national minimum wage law every three years.
The development followed the meeting of the leadership of the Organised Labour comprising the Nigeria Labour Congress and the Trade Union Congress with Tinubu at the Presidential Villa, Abuja, on Thursday.
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, disclosed this in a statement on X.
“President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with promise to review the national minimum wage law every three years,” Onanuga said.
He added: “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 seven days,” the statement read.
Onanuga stated that labour leaders praised President Tinubu’s “fatherly gesture,” adding that the president also vowed to exercise his executive discretion to address the outstanding four months salaries owed university unions.
