Update: Labour Accepts Offer Of 70,000 New Minimum Wage By President Tinubu

Organized Labour has accepted the N70,000 proposed as the new minimum wage for Nigerian workers as approved by President Bola Tinubu. The approval comes with a promise to review the national minimum wage law every three years.

Meanwhile, the leaders of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) announced that they have accepted the N70,000 minimum wage approved for Nigerian workers by President Bola Tinubu.

A statement by Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, indicated that President Tinubu also pledged to find ways to help the private sector and sub-national entities meet the minimum wage requirement.

Following the meeting, the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, briefed the media and confirmed that the unions had accepted the offer.

Ajaero, accompanied by Comrade Festus Usifo, President of the Trade Union Congress (TUC), and other representatives of Nigerian workers, stated that the unions had accepted the offer because there were other incentives attached.

He said that the president’s pledge of a review every three years, as opposed to what had previously been received, was another factor in his decision to accept the offer.

More details later