President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers and has committed to reviewing the national minimum wage law every three years.
This significant decision follows a meeting between the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) with the President at the Presidential Villa in Abuja on Thursday.
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The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, confirmed the development in a statement on X. He announced, “President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years.”
Onanuga also highlighted that President Tinubu pledged to find ways to support the private sector and state governments in paying the new minimum wage. “President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage,” the statement read.
The meeting with the leaders of the TUC and NLC marked the second time the parties had convened within a week. During this session, President Tinubu made it clear that his administration is committed to addressing workers’ welfare and improving their living standards.
Onanuga stated that the Labour leaders expressed their gratitude for the president’s decision, describing it as a “fatherly gesture.” They acknowledged the positive impact this new minimum wage would have on Nigerian workers, who have been advocating for better pay and working conditions.
In addition to the minimum wage approval, President Tinubu vowed to use his executive powers to resolve the issue of outstanding salaries owed to university unions. The commitment to address the four months’ worth of unpaid salaries underscores the president’s dedication to ensuring that all workers, including those in the education sector, are fairly compensated.
