The Federal Government and the leadership of the Organised Labour have reached an agreement to set the new minimum wage for Nigerian workers at ₦70,000.
Minister of Information Mohammed Idris announced the accord following a pivotal meeting between President Bola Tinubu and representatives from the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) in Abuja.
The new wage agreement, up from the previous proposal of ₦62,000, was achieved after extensive negotiations. NLC President Comrade Joe Ajaero and TUC President Festus Osifo, who were present at the announcement, confirmed their acceptance of the offer, noting additional incentives and a commitment from President Tinubu to review the wage every three years.
This resolution follows a series of intense discussions between labour leaders and the President, which were initiated after months of failed talks with a tripartite committee established by the President in January.
The committee had previously proposed a minimum wage of ₦62,000, while labour unions had insisted on ₦250,000
President Tinubu’s commitment to regular wage reviews is seen as a step towards ensuring sustained improvements in the living standards of Nigerian workers.
