President Bola Tinubu on Tuesday approved the sum of N70,000 as new minimum wage for Nigerian workers.
He also promised to review the minimum wage every three years.
Tinubu, who gave the approval during a meeting with the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at the Presidential Villa, Abuja, promised to review the national minimum wage law every three years.
A statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, reads: “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 national minimum wage issue has been a contentious one between Labour leaders and the Federal Government in the past few months.
The organised labour had embarked on strike after it failed to reach an agreed wage with the Federal Government.
The Labour had asked for N494,000 as wage but went down to N250,000 after a series of back and forth with the Federal Government.
However, the Federal Government had insisted on paying N62,000 as the new minimum wage prior to Tinubu’s approval of N70,000.
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