President Bola Tinubu has approved ₦70,000 as the new minimum wage for workers in Nigeria.
Tinubu announced the new minimum wage during a meeting with leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at the Presidential Villa on Thursday.
This was disclosed by Bayo Onanuga, special adviser of information and strategy, in a statement on Thursday
In attendance at the meeting were Joe Ajaero, President of the NLC, and Festus Osifo, President of the TUC.
Onanuga stated that the President promised to review the minimum wage law every three years.
He added that the labour leaders commended President Tinubu for his “fatherly gesture.”
“President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage,” the statement reads.
“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 Labour leaders applauded President Tinubu for the fatherly gesture as the President also promised to use his discretionary powers to meet the demands of university unions demanding unpaid 4 months salaries.”
