President Bola Tinubu has approved N70,000 as the new minimum wage for Nigerian workers.
He also promised to review the national wage law every three years, adding that he would find ways to assist the private sector and the sub-nationals to pay the minimum wage.
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 the president 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.
Recall that labour leaders and government officials had several standoff before reaching the latest agreement. While labour demanded for N250,000 minimum wage, the government insisted that it couldn’t meet their request.
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