President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers.
This significant decision was announced during a meeting with leaders of organized labour, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), on Thursday in Abuja.
In a move to ensure that the minimum wage remains fair and relevant, President Tinubu vowed to review the national minimum wage law every three years.
He also committed to assisting both the private sector and sub-national governments—comprising state and local governments—in meeting the new wage requirements.
The meeting saw the attendance of key labour leaders, including Comrade Joe Ajaero, President of the NLC, and Comrade Festus Usifo, President of the TUC, along with other union members.
“The Labour leaders applauded President Tinubu for the fatherly gesture,” said Bayo Onanuga, the presidential spokesman, in a statement. “The President also promised to use his discretionary powers to address the demands of university unions seeking unpaid salaries for the past four months.”
The Explainer notes that this was the second meeting between the parties within a week, highlighting the ongoing dialogue and cooperation between the government and labor unions.
