President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers and committed to reviewing the national minimum wage law every three years.
This decision follows a meeting between the leadership of the Nigeria Labour Congress and the Trade Union Congress with the President at the Presidential Villa in Abuja on Thursday.
Bayo Onanuga, the Special Adviser to President Tinubu on Information and Strategy, confirmed the update 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.
“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.
