President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers, with a commitment to review the national minimum wage law every three years.
This decision was made following a meeting with the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at the Presidential Villa in Abuja on Thursday, July 18, 2024.
The announcement was confirmed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement on X (formerly Twitter). “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.
Additionally, President Tinubu promised to explore ways to assist the private sector and sub-national governments in implementing the new minimum wage. This was the second meeting between the parties in the past seven days.
Labour leaders praised President Tinubu’s “fatherly gesture,” and the President also committed to using his executive powers to address the outstanding four months’ salaries owed to university unions.
