President Tinubu Sets New N70,000 Minimum Wage, Promises Regular Review

President Bola Tinubu has approved a new minimum wage of N70,000.

This decision follows a meeting with the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at the Presidential Villa in Abuja.

The announcement, made by the Special Adviser on Information and Strategy, Bayo Onanuga, also includes a commitment to review the national minimum wage every three years.

This measure aims to ensure that wages keep pace with inflation and economic conditions.

“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 stated on social media platform X.

During the meeting, President Tinubu also pledged to explore ways to assist the private sector and state governments in implementing the new wage structure.

This gesture acknowledges the financial challenges faced by various sectors in meeting the wage increase.

Labour leaders expressed appreciation for what they described as the President’s “fatherly gesture.”

The President further committed to using his executive authority to address the four months’ salary arrears owed to university unions, highlighting his administration’s focus on education and worker welfare.

This development marks the second meeting between the President and labour leaders in a week, underscoring the government’s proactive approach to addressing workers’ concerns and promoting economic stability.