Tinubu Approves N70,000 Minimum Wage
President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers, promising to review the national minimum wage law every three years.
According to Idris, the president made the announcement at the ongoing meeting with leaders of the organised labour.
“We are happy to announce today (Thursday) that both the Organised Labour and the Federal Government have agreed on an increase on the N62,000 minimum wage. The new national minimum that Mr President is expected to submit to the National Assembly is ₦70,000,” an elated Idris told State House correspondents.
NLC President Joe Ajaero, TUC boss Festus Osifo, Labour Minister Nkiruka Onyejeocha, and other officials from both sides flanked the minister.
Ajaero confirmed that ₦70,000 was where they were on the issue of the minimum wage.
He also said that part of the discussion was that the minimum wage would no longer wait till after five years to be reviewed. According to him, the agreement was that the minimum wage would now be reviewed every three years.
Ajaero said the Organised Labour would consult with their members on the ₦70,000 benchmark.
“We were here last week. And we are here now. What they have announced in terms of the amount of ₦70,000 happens to be where we are now. But the thing about it is that we will not wait for another five years to come and agree,” Ajaero said.
Comrade Joe Ajaero, President of Nigeria Labour Congress (NLC), and Comrade Festus Usifo, President of the Trade Union Congress (TUC), are at the meeting alongside some members of their unions.
Before the meeting, labour leaders had insisted on N250,000 minimum wage.
Last week, President Tinubu met with Labour leaders over the Minimum wage issue where he declared that Nigerian workers deserve improved welfare, better wages, as well as safe and enhanced working conditions.
The President also said he was concerned about the welfare of Nigerian workers and that his administration was working seriously to come up with a wage that would be acceptable to all.
