In a significant development, President Bola Tinubu has announced the approval of a new minimum wage of N70,000 for Nigerian workers. This move is a testament to the government’s commitment to improving the lives of its citizens.
The announcement was made by Mohammed Idris, Minister of Information, at the Presidential Villa in Abuja during a meeting with leaders of the organised labour.
According to Idris, “The President has approved a new minimum wage of N70,000 for Nigerian workers.
“This is a significant increase from the previous minimum wage and demonstrates the government’s commitment to ensuring that workers are adequately compensated for their labor.”
The meeting, which was held yesterday, brought together leaders of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and other union members to discuss the new minimum wage and other related matters.
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While the labour leaders have not publicly responded to the N70,000 wage offer, it is expected that they will make their position known soon.
It is worth noting that the unions had initially demanded ₦494,000 as the minimum wage but later reduced their request to ₦250,000 after extensive negotiations.
The federal government then proposed ₦62,000 before settling on the recently announced ₦70,000.
The president of the Nigeria Labour Congress, Joe Ajaero, said the unions agreed to the offer because of other incentives attached and the president’s promise of a wage review every three years, a significant improvement from previous practices.
This development is a significant step towards improving the lives of Nigerian workers and demonstrates the government’s commitment to their welfare.
As President Tinubu noted, “This new minimum wage is a testament to our commitment to ensuring that our workers are adequately compensated for their labor. We will continue to work towards improving the lives of our citizens.”
