President Bola Ahmed Tinubu has agreed to pay N70,000 as the new minimum wage.
The Minister of Information and National Orientation, Mohammed Idris disclosed this at the end of the meeting between the organized labour and the government.
The meeting was attended by Labour leaders, including the President of the Nigerian Labour Congress (NLC), Joe Ajaero, and that of the Trade Union Congress (TUC), Festus Osifo.
The labour leaders who arrived at about 2.15 p.m., in a white 32-seater Coaster bus headed straight to the first-floor office of the President where the meeting was expected to take place.
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.
