President Tinubu approves N70,000 minimum wage
President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers, promising to review the national minimum wage law every three years.
Mohammed Idris, Minister of Information, announced this at the Presidential Villa in Abuja, on Thursday.
According to Idris, the president made the announcement at the ongoing meeting with leaders of the organised labour.
READ ALSO: After 1 day strike, FG agrees to increase minimum wage above N60,000
Comrade Joe Ajaero, President of Nigeria Labour Congress (NLC), and Comrade Festus Usifo, President of the Trade Union Congress (TUC), are at the meeting alongside some members of their unions.
Last week, President Tinubu met with labour leaders over the minimum wage issue where he declared that Nigerian workers deserve improved welfare, better wages, as well as safe and enhanced working conditions.
Before the meeting, labour leaders had insisted on N250,000 minimum wage, rejecting the N60,000 proposed by the government.
To push home their demands, the unions declared a nationwide indefinite strike starting at midnight of June 2, 2024,
However, after one day of the industrial action, the Federal Government agreed to pay more than the N60,000 proposed minimum wage.
