President Bola Ahmed Tinubu on Thursday approved N70,000 as the new minimum wage for Nigerian workers.
Naija News reports that Tinubu announced the new minimum wage during a meeting held with leaders of the Trade Union Congress, TUC and the Nigerian Labour Congress, NLC, in Abuja.
Major highlights from the agreement reached by Federal Government of Nigeria and Organized Labour Unions include:
- President Bola Tinubu approved N70,000 minimum wage for Nigerian workers with promise to review the national minimum wage law every three years.
- President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage.
- President Bola Ahmed Tinubu also promised to use his discretionary powers meet the demands of university unions demanding unpaid 4 months salaries.
- President Bola Tinubu has promised to give 36 CNG powered buses with a sitting capacity of 100 each to the TUC and NLC.
In related development, the leaders of organised Labour have accepted President Bola Tinubu’s N70,000 minimum wage offer for Nigerian workers.
Speaking with journalists after the meeting, the President of NLC, Comrade Joe Ajaero, said the unions had accepted the offer.
Flanked by the President of the TUC, Comrade Festus Usifo, and other representatives of Nigerian workers, who attended the meeting, Ajaero said the unions agreed to the offer because of other incentives attached.
He said another reason for accepting the offer is that President Tinubu promised a review every three years, which was against what was obtained in the past.
