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| President Bola Tinubu |
President Bola Tinubu has approved N70,000 as the new national minimum wage for workers in Nigeria.
The approval came after last-minute talks between the President and the leadership of the Organised Labour.
The Minister of Information and National Orientation, Mohammed Idris disclosed this at the end of the meeting between the organized labour and the government.
Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, also 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.
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| Photo shows from left: Minister of Information and National Orientation, Mohammed Idris; Minister of Labour and Employment, Nkeiruka Onyejeocha; President, Nigeria Labour Congress, Comrade Joe Ajero and President Trade Union Congress, Comrade Festus Osifo briefing State House Correspondents after their meeting with President Bola Tinubu on the new Minimum Wage at the Presidential Villa in Abuja on Thursday (18/7/24) Photo: NAN |
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 2.15pm 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 new minimum wage is a significant increase from the previous rate but whether this will provide the much-needed relief for Nigerian workers remains to be seen
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