JUST IN: President Tinubu Approves New Minimum Wage, Plans Regular Review

President Bola Tinubu has approved N70,000 as the new minimum wage for Nigerian workers.

This was made known by the President during a meeting held with leaders of the Trade Union Congress, TUC and the Nigerian Labour Congress, NLC, on Thursday in Abuja.

A statement by the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, revealed that the new minimum wage will be reviewed every three years.

According to the statement, “President approves 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 announced the decisions at the meeting held with leaders of TUC and NLC on Thursday in Abuja, the second time the parties met in 7 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.”