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 announcement was made by the Minister of Information, Mohammed Idris, at the Presidential Villa on Thursday.
The president’s decision came during an ongoing meeting with leaders of the organized labour, including Comrade Joe Ajaero, President of the Nigeria Labour Congress (NLC), and Comrade Festus Usifo, President of the Trade Union Congress (TUC), along with other union members.
Prior to the meeting, labour leaders had been advocating for a minimum wage of N250,000.
Further details will be provided as they become available.