The long awaited new National minimum wage has been finally approved on Thursday by President Bola Tinubu .
The President has approved N70,000 as the new Wage after a just concluded meeting at the Presidential Villa Abuja, on Thursday.
Nigeria Labour Congress NLC, Chairman, Mr Joe Ajaero on Thursday gave reasons why the Organised Labour accepted the approval of N70,000 as new minimum wage from Bola Tinubu led presidency
The Labour chief who spoke to State House reporters after the meeting with the President, government representatives and the organised labour. He said the unions agreed to the offer because of other incentives attached.
Joe said said another good reason for accepting the offer is because “ the President promised a review every three years as against what is obtained in the past.”
The special adviser to President Bola Tinubu on Information and Strategy, Mr Bayo Onanuga said the president of the Federal Republicof Nigeria has approved the sum of N70,000 as the new minimum wage on Thursday the July 18
Tinubu was said to have announced the new wage during a meeting with the leadership of the Organized Labour in Abuja.
Thursday’s meeting came a week after the first meeting the President had with the Labour leaders last week.
Onanuga posted the news on his X handle now twitter, @aonanuga at exact 15:31 hour. He said, “Breaking: President Bola Tinubu has 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 Tinubu demonstrated his decisions following a meeting with TUC and NLC leaders in Abuja on Thursday, the second time the parties came together in just seven days.
“The Labour leaders applauded President Tinubu for the fatherly gesture as the President also promised to use his discretionary powers meet the demands of university unions demanding unpaid 4 months salaries.”
