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.
Labour leader, Joe Ajaero, explained why they shifted from their N250,000 demand.
In a tweet on the X platform, Bayo Onanuga, Presidential spokesman said:
“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.”
President of the Nigeria Labour Congress (NLC), Joe Ajaero explained why they accepted the N70,000 minimum wage instead of the N250,000 they earlier canvassed for.
Speaking with State House reporters after the meeting with the President, Ajaero said the unions agreed to the offer because of other incentives attached.
He said: “The President promised a review every three years as against what obtained in the past.”
Thursday’s meeting came a week after the first meeting the President had with the Labour leaders last week.
When approved by the National Assembly, the N70,000 will replace the N30,000 minimum wage that lapsed on April 18, 2024.
