On Thursday, Joe Ajaero, President of the Nigeria Labour Congress (NLC), explained why the organized labour accepted President Bola Tinubu's proposal for a new minimum wage of N70,000. Speaking to reporters at the State House after meeting with the President, Ajaero stated that the unions agreed to the offer due to the additional incentives attached and the President's promise to review the minimum wage every three years, a significant improvement over the previous arrangement.
President Tinubu approved the N70,000 minimum wage on Thursday, as confirmed by his Special Adviser on Information and Strategy, Bayo Onanuga. The announcement was made during a meeting with organized labour leaders in Abuja. This meeting followed an initial discussion between the President and labour leaders the previous week.
Once approved by the National Assembly, the new minimum wage will replace the previous N30,000 minimum wage, which expired on April 18, 2024.
Onanuga shared the news on his official X handle, @aonanuga, at 03:31 pm, stating, “Breaking: 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. President Tinubu also promised to find ways to assist the private sector and the sub-nationals in paying the minimum wage.”
The labour leaders expressed their gratitude to President Tinubu for his gesture, and the President also committed to addressing the demands of university unions regarding unpaid salaries for four months.
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