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Tinubu Approves N70,000 Minimum Wage for Nigerian Workers, with 3-Year Review Cycle

by Julius Afolalu
July 19, 2024
in Business, Headlines
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President Tinubu has approved a N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years.

According to reports, the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) were at the Presidential Villa, Abuja for a scheduled meeting with President Bola Tinubu on Thursday.

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, 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 Labour leaders applauded President Tinubu for the fatherly gesture as the President also promised to use his discretionary powers meet the demands of university unions demanding unpaid 4 months salaries,” the statement read.

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Tags: Asiwaju Bola TinubuFederal Government of NigeriaMinimum wageNew Minimum WageNigeria Labour Congress (NLC)Trade Union Congress of Nigeria (TUC)
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