Tinubu okays N70,000 minimum wage, to assist states, private sector

Tinubu okays N70,000 minimum wage, to assist states, private sector

 

President Tinubu has approved a N70,000 as new minimum wage for Nigerian workers.

He also promised state governments and the private sector to pay the new rate.

The President made a promise to review the national minimum wage law every three years.

These details are contained in a statement by Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy.

The leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) were on Thursday at the Presidential Villa, Abuja, for a scheduled meeting with President Tinubu.

The statement 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 seven days.

“The Labour leaders applauded President Tinubu for the fatherly gesture as the President also promised to use his discretionary powers to meet the demands of university unions demanding unpaid four months salaries.”

The Federal Government team on the minimum wage committee had recommended N62,000 in a report presented to the President for approval.

But the labour group made up of the Nigeria Labour Congress and the Trade Union Congress had insisted on N250,000.